Diamond Hill Long Short Fund Quote
| DIAYX Fund | USD 29.86 0.14 0.47% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Diamond Hill is trading at 29.86 as of the 29th of November 2024; that is 0.47% up since the beginning of the trading day. The fund's open price was 29.72. Diamond Hill has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Diamond Hill Long Short are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2024 and ending today, the 29th of November 2024. Click here to learn more.
The fund invests its assets in U.S. equity securities of any size capitalization that the Adviser believes are undervalued and selling short U.S. equity securities of any size capitalization the Adviser believes are overvalued. The Adviser focuses on estimating a companys value independent of its current stock price. More on Diamond Hill Long Short
Diamond Mutual Fund Highlights
| Fund Concentration | Diamond Hill Funds, Large Value Funds, Long-Short Equity Funds, Long-Short Equity, Diamond Hill Funds, Large Value, Long-Short Equity (View all Sectors) |
| Update Date | 30th of September 2024 |
Diamond Hill Long Short [DIAYX] is traded in USA and was established 29th of November 2024. Diamond Hill is listed under Diamond Hill Funds category by Fama And French industry classification. The fund is listed under Long-Short Equity category and is part of Diamond Hill Funds family. This fund currently has accumulated 4.08 B in assets under management (AUM) with no minimum investment requirementsDiamond Hill Long is currently producing year-to-date (YTD) return of 9.23% with the current yeild of 0.02%, while the total return for the last 3 years was 4.73%.
Check Diamond Hill Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Diamond Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Diamond Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Diamond Hill Long Short Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Diamond Hill Long Short Mutual Fund Constituents
| CMCSA | Comcast Corp | Stock | Communication Services | |
| CTSH | Cognizant Technology Solutions | Stock | Information Technology | |
| AAPL | Apple Inc | Stock | Information Technology | |
| DFS | Discover Financial Services | Stock | Financials | |
| AXTA | Axalta Coating Systems | Stock | Materials | |
| BKU | BankUnited | Stock | Financials | |
| ABT | Abbott Laboratories | Stock | Health Care | |
| UAL | United Airlines Holdings | Stock | Industrials |
Diamond Hill Long Risk Profiles
| Mean Deviation | 0.3328 | |||
| Standard Deviation | 0.4338 | |||
| Variance | 0.1882 | |||
| Risk Adjusted Performance | (0.03) |
Diamond Hill Against Markets
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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