Diamond Hill Large Fund Market Value

DHFYX Fund  USD 14.23  0.07  0.49%   
Diamond Hill's market value is the price at which a share of Diamond Hill trades on a public exchange. It measures the collective expectations of Diamond Hill Large investors about its performance. Diamond Hill is trading at 14.23 as of the 5th of December 2024; that is 0.49% down since the beginning of the trading day. The fund's open price was 14.3.
With this module, you can estimate the performance of a buy and hold strategy of Diamond Hill Large and determine expected loss or profit from investing in Diamond Hill over a given investment horizon. Check out Diamond Hill Correlation, Diamond Hill Volatility and Diamond Hill Alpha and Beta module to complement your research on Diamond Hill.
Symbol

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 if Diamond Hill is a good investment 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 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.
0.00
11/11/2023
No Change 0.00  0.0 
In 1 year and 25 days
12/05/2024
0.00
If you would invest  0.00  in Diamond Hill on November 11, 2023 and sell it all today you would earn a total of 0.00 from holding Diamond Hill Large or generate 0.0% return on investment in Diamond Hill over 390 days. Diamond Hill is related to or competes with Ab Impact, Touchstone Premium, Multisector Bond, and Bbh Intermediate. The fund, under normal market conditions, 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 Large 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, 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.
Hype
Prediction
LowEstimatedHigh
13.5614.2314.90
Details
Intrinsic
Valuation
LowRealHigh
13.4914.1614.83
Details
Naive
Forecast
LowNextHigh
13.5614.2314.90
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.1614.2714.37
Details

Diamond Hill Large Backtested Returns

At this stage we consider Diamond Mutual Fund to be very steady. Diamond Hill Large secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Diamond Hill Large, which you can use to evaluate the volatility of the entity. Please confirm Diamond Hill's Mean Deviation of 0.5276, semi deviation of 0.6042, and Downside Deviation of 0.6911 to check if the risk estimate we provide is consistent with the expected return of 0.094%. The fund shows a Beta (market volatility) of -0.0286, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Diamond Hill are expected to decrease at a much lower rate. During the bear market, Diamond Hill is likely to outperform the market.

Auto-correlation

    
  0.90  

Excellent predictability

Diamond Hill Large has excellent predictability. Overlapping area represents the amount of predictability between Diamond Hill time series from 11th of November 2023 to 24th of May 2024 and 24th of May 2024 to 5th of December 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 Large price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Diamond Hill price fluctuation can be explain by its past prices.
Correlation Coefficient0.9
Spearman Rank Test0.9
Residual Average0.0
Price Variance0.26

Diamond Hill Large 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 Large.
   Regressed Prices   
       Timeline  

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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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