Diamond Stock Alpha and Beta Analysis


USD 183.35  3.85  2.14%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Diamond Hill Inv. It also helps investors analyze the systematic and unsystematic risks associated with investing in Diamond Hill over a specified time horizon. Remember, high Diamond Hill's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Continue to Diamond Hill Backtesting, Diamond Hill Valuation, Diamond Hill Correlation, Diamond Hill Hype Analysis, Diamond Hill Volatility, Diamond Hill History and analyze Diamond Hill Performance.
Please note that although Diamond Hill alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Diamond Hill did 0.012255  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Diamond Hill Inv stock's relative risk over its benchmark. Diamond Hill Inv has a beta of 1.01  . 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.
Diamond Hill Enterprise Value over EBIT is relatively stable at the moment as compared to the past year. The company's current value of Enterprise Value over EBIT is estimated at 5.85. Enterprise Value over EBITDA is expected to hike to 5.88 this year, although Tangible Assets Book Value per Share will most likely fall to 79.11.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Diamond Hill Quarterly Book Value per Share


Diamond Hill Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Diamond Hill market risk premium is the additional return an investor will receive from holding Diamond Hill long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Diamond Hill. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Diamond Hill's performance over market.
α-0.01   β1.01
90 days against DJI

Diamond Hill expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Diamond Hill's Buy-and-hold return. Our buy-and-hold chart shows how Diamond Hill performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Diamond Hill Market Price Analysis

Market price analysis indicators help investors to evaluate how Diamond Hill stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Diamond Hill shares will generate the highest return on investment. By understating and applying Diamond Hill stock market price indicators, traders can identify Diamond Hill position entry and exit signals to maximize returns.

Diamond Hill Return and Market Media

The median price of Diamond Hill for the period between Fri, May 20, 2022 and Thu, Aug 18, 2022 is 177.4 with a coefficient of variation of 4.04. The daily time series for the period is distributed with a sample standard deviation of 7.23, arithmetic mean of 178.93, and mean deviation of 5.94. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
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About Diamond Hill Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Diamond or other stocks. Alpha measures the amount that position in Diamond Hill Inv has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 2022 (projected)
Calculated Tax Rate23.8226.7825.6332.72
Interest Coverage6.265.959.967.88

Diamond Hill Upcoming Company Events

As portrayed in its financial statements, the presentation of Diamond Hill's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Diamond Hill's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Diamond Hill's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Diamond Hill. Please utilize our Beneish M Score to check the likelihood of Diamond Hill's management manipulating its earnings.
Upcoming Quarterly Report24th of February 2022
Next Fiscal Quarter End31st of December 2021

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Continue to Diamond Hill Backtesting, Diamond Hill Valuation, Diamond Hill Correlation, Diamond Hill Hype Analysis, Diamond Hill Volatility, Diamond Hill History and analyze Diamond Hill Performance. Note that the Diamond Hill Inv information on this page should be used as a complementary analysis to other Diamond Hill's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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...