Diamond Hill Correlations

DHFAX Fund

USD 13.29 0.05 0.37%

The current 90-days correlation between Diamond Hill Large and Franklin Real Estate is -0.12 (i.e., Good diversification). The correlation of Diamond Hill is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Diamond Hill Correlation With Market

Significant diversification

The correlation between Diamond Hill Large and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamond Hill Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill Large. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Diamond Mutual Fund

0.69	VVIAX	Vanguard Value Index	Pair Corr
0.74	DOXGX	Dodge Cox Stock	Pair Corr
0.68	AFMFX	American Mutual	Pair Corr
0.69	FFMMX	American Funds American	Pair Corr
0.69	FFFMX	American Funds American	Pair Corr
0.68	AMRMX	American Mutual	Pair Corr
0.68	AMFFX	American Mutual	Pair Corr
0.68	AMFCX	American Mutual	Pair Corr
0.75	DODGX	Dodge Stock Fund	Pair Corr
0.69	VIVAX	Vanguard Value Index	Pair Corr
0.69	PDI	Pimco Dynamic Income	Pair Corr
0.63	FTCAX	Templeton Strained Bond	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.61	KO	Coca Cola	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.68	MMM	3M Company	Pair Corr

Moving against Diamond Mutual Fund

0.72	TCTGX	Transamerica Cleartrack	Pair Corr
0.72	TDKTX	Cleartrack 2015 Class	Pair Corr
0.72	TCTJX	Transamerica Cleartrack	Pair Corr
0.69	TCSUX	Cleartrack 2020 Class	Pair Corr
0.55	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	FREEX	SAREX	IARIX	MRESX	REINX	ZRPTUX	CREFX	FIKMX
FREEX		0.71	0.66	0.67	0.66	0.32	0.64	0.38	FREEX
SAREX	0.71		0.99	1.0	0.99	0.6	0.98	0.81	SAREX
IARIX	0.66	0.99		1.0	1.0	0.61	0.98	0.82	IARIX
MRESX	0.67	1.0	1.0		1.0	0.6	0.98	0.81	MRESX
REINX	0.66	0.99	1.0	1.0		0.61	0.98	0.82	REINX
ZRPTUX	0.32	0.6	0.61	0.6	0.61		0.63	0.62	ZRPTUX
CREFX	0.64	0.98	0.98	0.98	0.98	0.63		0.88	CREFX
FIKMX	0.38	0.81	0.82	0.81	0.82	0.62	0.88		FIKMX
	FREEX	SAREX	IARIX	MRESX	REINX	ZRPTUX	CREFX	FIKMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Diamond Mutual Fund performing well and Diamond Hill Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Diamond Hill's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FREEX	0.99	(0.13)	0.00	(0.30)	0.00	0.00	1.62	(2.46)	7.05
SAREX	0.92	(0.02)	0.00	(0.10)	0.00	0.00	1.64	(1.86)	4.54
IARIX	0.90	(0.01)	0.00	(0.08)	0.00	0.00	1.59	(1.78)	4.67
MRESX	0.91	(0.01)	0.00	(0.09)	0.00	0.00	1.67	(1.75)	4.48
REINX	0.90	(0.01)	0.00	(0.08)	0.00	0.00	1.61	(1.78)	4.62
ZRPTUX	0.08	(0.01)	0.00	(0.92)	0.00	0.00	0.15	(0.45)	0.98
CREFX	0.91	0.01	0.00	(0.05)	0.00	0.00	1.59	(1.75)	4.82
FIKMX	0.26	0.03	0.20	0.08	0.30	(0.30)	0.59	(0.49)	1.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC