Diamond Hill Small Fund Market Value
| DHSYX Fund | USD 30.05 0.17 0.57% |
| Symbol | Diamond |
Diamond Hill 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Diamond Hill's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Diamond Hill.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Diamond Hill on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Diamond Hill Small or generate 0.0% return on investment in Diamond Hill over 30 days. Diamond Hill is related to or competes with Prudential Jennison, Mesirow Financial, and Fidelity Advisor. The fund normally invests at least 80 percent of its net assets in U.S More
Diamond Hill Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Diamond Hill's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Diamond Hill Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0424 | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 2.08 |
Diamond Hill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Hill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Hill's standard deviation. In reality, there are many statistical measures that can use Diamond Hill historical prices to predict the future Diamond Hill's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0561 | |||
| Treynor Ratio | 0.1174 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diamond Hill's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diamond Hill Small Backtested Returns
Diamond Hill appears to be very steady, given 3 months investment horizon. Diamond Hill Small secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Diamond Hill Small, which you can use to evaluate the volatility of the entity. Please utilize Diamond Hill's Semi Deviation of 0.8165, downside deviation of 1.04, and Mean Deviation of 0.9321 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.58, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Diamond Hill will likely underperform.
Auto-correlation | 0.84 |
Very good predictability
Diamond Hill Small has very good predictability. Overlapping area represents the amount of predictability between Diamond Hill time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Diamond Hill Small price movement. The serial correlation of 0.84 indicates that around 84.0% of current Diamond Hill price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Diamond Hill Small lagged returns against current returns
Autocorrelation, which is Diamond Hill mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Diamond Hill's mutual fund expected returns. We can calculate the autocorrelation of Diamond Hill returns to help us make a trade decision. For example, suppose you find that Diamond Hill has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Diamond Hill regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Diamond Hill mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Hill mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Hill mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Diamond Hill Lagged Returns
When evaluating Diamond Hill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Hill mutual fund have on its future price. Diamond Hill autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Diamond Hill autocorrelation shows the relationship between Diamond Hill mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Diamond Hill Small.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Diamond Mutual Fund
Diamond Hill financial ratios help investors to determine whether Diamond Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Diamond with respect to the benefits of owning Diamond Hill security.
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