Diamond Hill Correlations

DHTYX Fund

USD 26.41 0.12 0.46%

The current 90-days correlation between Diamond Hill All and Delaware Limited Term Diversified is -0.06 (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

Poor diversification

The correlation between Diamond Hill All and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamond Hill All 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 All. 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 population.

Moving together with Diamond Mutual Fund

0.7	DHLAX	Diamond Hill Large	Pair Corr
0.74	DHMIX	Diamond Hill Small	Pair Corr
0.74	DHMAX	Diamond Hill Small	Pair Corr
0.7	DHLYX	Diamond Hill Large	Pair Corr
0.81	DHLTX	Diamond Hill All	Pair Corr
0.7	DHLRX	Diamond Hill Large	Pair Corr
0.69	DHPIX	Diamond Hill Mid	Pair Corr
0.68	DHPAX	Diamond Hill Mid	Pair Corr
0.68	DHPYX	Diamond Hill Mid	Pair Corr
0.78	DHSYX	Diamond Hill Small	Pair Corr
0.65	DHSIX	Diamond Hill Small	Pair Corr
0.78	DHSCX	Diamond Hill Small	Pair Corr
0.79	DHTAX	Diamond Hill Select	Pair Corr
0.86	JVMIX	John Hancock Disciplined	Pair Corr
0.8	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.66	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.66	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.66	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.79	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.67	VETAX	Victory Sycamore Est	Pair Corr

Moving against Diamond Mutual Fund

0.64	DHEYX	Diamond Hill Short	Pair Corr
0.58	DHEAX	Diamond Hill Short	Pair Corr
0.51	DHIYX	Diamond Hill Interna	Pair Corr
0.47	DHNYX	Diamond Hill Core	Pair Corr
0.47	DHRAX	Diamond Hill E	Pair Corr
0.44	DHEIX	Diamond Hill Short	Pair Corr
0.44	DHRIX	Diamond Hill E	Pair Corr
0.43	DHIIX	Diamond Hill Interna	Pair Corr
0.36	DHIAX	Diamond Hill Interna	Pair Corr
0.35	DHLSX	Diamond Hill Long	Pair Corr
0.33	DHRYX	Diamond Hill E	Pair Corr
0.49	DIAYX	Diamond Hill Long	Pair Corr
0.48	DIAMX	Diamond Hill Long	Pair Corr
0.39	FIFGX	Fidelity Sai Inflati	Pair Corr

Related Correlations Analysis

	DLTZX	FARIX	MDBYX	QDARX	ADFIX	CAARX	EIIMX	ACV
DLTZX		0.81	0.85	0.84	0.89	0.76	0.86	0.84	DLTZX
FARIX	0.81		0.86	0.81	0.8	0.86	0.91	0.87	FARIX
MDBYX	0.85	0.86		0.73	0.93	0.92	0.86	0.82	MDBYX
QDARX	0.84	0.81	0.73		0.75	0.75	0.85	0.9	QDARX
ADFIX	0.89	0.8	0.93	0.75		0.83	0.83	0.79	ADFIX
CAARX	0.76	0.86	0.92	0.75	0.83		0.83	0.85	CAARX
EIIMX	0.86	0.91	0.86	0.85	0.83	0.83		0.89	EIIMX
ACV	0.84	0.87	0.82	0.9	0.79	0.85	0.89		ACV
	DLTZX	FARIX	MDBYX	QDARX	ADFIX	CAARX	EIIMX	ACV

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
DLTZX	0.07	0.01	(0.32)	(2.01)	0.00	(0.18)	0.13	(0.13)	0.63
FARIX	0.33	0.06	0.03	0.26	0.29	(0.40)	0.69	(0.67)	1.94
MDBYX	0.15	0.03	(0.14)	0.58	0.00	(0.20)	0.35	(0.24)	0.83
QDARX	0.07	0.02	(0.45)	0.41	0.00	(0.10)	0.15	(0.08)	0.38
ADFIX	0.16	0.03	(0.13)	2.15	0.00	(0.20)	0.33	(0.32)	0.86
CAARX	0.22	0.03	(0.08)	0.32	0.18	(0.24)	0.53	(0.43)	1.21
EIIMX	0.13	0.02	(0.18)	0.46	0.00	(0.19)	0.30	(0.29)	0.74
ACV	0.69	0.16	0.13	0.30	0.80	(0.72)	1.57	(1.30)	5.16

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