Diamond Stock Market Value

DHIL
 Stock
  

USD 167.46  0.92  0.55%   

Diamond Hill's market value is the price at which a share of Diamond Hill stock trades on a public exchange. It measures the collective expectations of Diamond Hill Inv investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Diamond Hill Inv and determine expected loss or profit from investing in Diamond Hill over a given investment horizon. Continue to Diamond Hill Correlation, Diamond Hill Volatility and Diamond Hill Alpha and Beta module to complement your research on Diamond Hill.
Symbol


Is Diamond Hill's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamond Hill. If investors know Diamond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamond Hill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Diamond Hill Inv is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Hill's value that differs from its market value or its book value, called intrinsic value, which is Diamond Hill's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamond Hill's market value can be influenced by many factors that don't directly affect Diamond Hill's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamond Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine Diamond Hill value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Hill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 stock 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.
0.00
10/05/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/25/2022
0.00
If you would invest  0.00  in Diamond Hill on October 5, 2020 and sell it all today you would earn a total of 0.00 from holding Diamond Hill Inv or generate 0.0% return on investment in Diamond Hill over 720 days. Diamond Hill is related to or competes with McDonalds Corp. Diamond Hill Investment Group, Inc., through its subsidiary, Diamond Hill Capital Management, Inc., provides investment ... 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 stock 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 Inv upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Diamond Hill in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
166.55168.33170.11
Details
Intrinsic
Valuation
LowReal ValueHigh
151.54175.00176.78
Details
Naive
Forecast
LowNext ValueHigh
155.42157.19158.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Diamond Hill. Your research has to be compared to or analyzed against Diamond Hill's peers to derive any actionable benefits. When done correctly, Diamond Hill's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Diamond Hill Inv.

Diamond Hill Inv Backtested Returns

Diamond Hill Inv secures Sharpe Ratio (or Efficiency) of -0.0416, which denotes the company had -0.0416% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Diamond Hill Inv exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Diamond Hill Inv Downside Deviation of 1.82, mean deviation of 1.36, and Semi Deviation of 1.78 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.9125, which means possible diversification benefits within a given portfolio. Let's try to break down what Diamond's beta means in this case. Diamond Hill returns are very sensitive to returns on the market. As the market goes up or down, Diamond Hill is expected to follow. Even though it is essential to pay attention to Diamond Hill Inv historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Diamond Hill Inv exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Diamond Hill Inv has an expected return of -0.0734%. Please be advised to confirm Diamond Hill Inv value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall to decide if Diamond Hill Inv performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.56  

Good reverse predictability

Diamond Hill Inv has good reverse predictability. Overlapping area represents the amount of predictability between Diamond Hill time series from 5th of October 2020 to 30th of September 2021 and 30th of September 2021 to 25th of September 2022. 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 Inv price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Diamond Hill price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test-0.62
Residual Average0.0
Price Variance169.72

Diamond Hill Inv lagged returns against current returns

Autocorrelation, which is Diamond Hill stock'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 stock 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 stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Hill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Hill stock over time.
   Current vs Lagged Prices   
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       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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Hill Inv.
   Regressed Prices   
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       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diamond Hill in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diamond Hill's short interest history, or implied volatility extrapolated from Diamond Hill options trading.

Pair Trading with Diamond Hill

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diamond Hill position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diamond Hill will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Diamond Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Hill when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diamond Hill - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diamond Hill Inv to buy it.
The correlation of Diamond Hill is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Hill Inv moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Diamond Hill can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Diamond Hill Correlation, Diamond Hill Volatility and Diamond Hill Alpha and Beta module to complement your research on Diamond Hill. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for analysis

When running Diamond Hill Inv price analysis, check to measure Diamond Hill's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamond Hill is operating at the current time. Most of Diamond Hill's value examination focuses on studying past and present price action to predict the probability of Diamond Hill's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Diamond Hill's price. Additionally, you may evaluate how the addition of Diamond Hill to your portfolios can decrease your overall portfolio volatility.
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Diamond Hill technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Diamond Hill technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Diamond Hill trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...