Diamond Hill Small Mid Fund Quote
| DHMAX Fund | USD 25.68 0.19 0.73% |
Performance3 of 100
| Odds Of DistressLess than 23
|
Diamond Hill is trading at 25.68 as of the 23rd of April 2024; that is -0.73 percent decrease since the beginning of the trading day. The fund's open price was 25.87. Diamond Hill has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Diamond Hill Small Mid are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in U.S. equity securities with small and medium market capitalizations that the Adviser believes are undervalued. Small and mid cap companies are defined as companies with market capitalizations at the time of purchase between 500 million and 10 billion or in the range of those market capitalizations of companies included in the Russell 2500 Index at the time of purchase. More on Diamond Hill Small Mid
Moving together with Diamond Mutual Fund
| 0.92 | DHFAX | Diamond Hill Large | PairCorr |
| 0.79 | DHEYX | Diamond Hill Short | PairCorr |
| 0.8 | DHEIX | Diamond Hill Short | PairCorr |
| 0.72 | DHFYX | Diamond Hill Large | PairCorr |
| 0.92 | DHFIX | Diamond Hill Large | PairCorr |
| 0.93 | DHIAX | Diamond Hill Interna | PairCorr |
Diamond Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Diamond Hill's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Diamond Hill or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Diamond Hill Funds, Large Funds, Mid-Cap Value Funds, Mid-Cap Value, Diamond Hill Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | December |
Diamond Hill Small Mid [DHMAX] is traded in USA and was established 23rd of April 2024. Diamond Hill is listed under Diamond Hill Funds category by Fama And French industry classification. The fund is listed under Mid-Cap Value category and is part of Diamond Hill Funds family. This fund currently has accumulated 1.96 B in assets under management (AUM) with no minimum investment requirementsDiamond Hill Small is currently producing year-to-date (YTD) return of 1.3% with the current yeild of 0.0%, while the total return for the last 3 years was 2.21%.
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 Small Mid 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 Small Mid Mutual Fund Constituents
| AXTA | Axalta Coating Systems | Stock | Materials |
| ASH | Ashland Global Holdings | Stock | Materials |
| WCC | WESCO International | Stock | Industrials |
| UGI | UGI Corporation | Stock | Utilities |
| ST | Sensata Technologies Holding | Stock | Industrials |
| SIVB | SVB Financial Group | Stock | Financials |
| RRR | Red Rock Resorts | Stock | Consumer Discretionary |
Diamond Hill Target Price Odds Analysis
Based on a normal probability distribution, the odds of Diamond Hill jumping above the current price in 90 days from now is about 66.59%. The Diamond Hill Small Mid probability density function shows the probability of Diamond Hill mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Diamond Hill Small Mid has a beta of -0.0496 suggesting as returns on the benchmark increase, returns on holding Diamond Hill are expected to decrease at a much lower rate. During a bear market, however, Diamond Hill Small Mid is likely to outperform the market. Additionally, diamond Hill Small Mid has an alpha of 0.0682, implying that it can generate a 0.0682 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Diamond Hill to move above the current price in 90 days from now is about 66.59 (This Diamond Hill Small Mid probability density function shows the probability of Diamond Mutual Fund to fall within a particular range of prices over 90 days) .
Diamond Hill Small Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing 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. Although Diamond Hill's alpha and beta are two of the key measurements used to evaluate Diamond Hill's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6825 | |||
| Semi Deviation | 1.13 | |||
| Standard Deviation | 0.9841 | |||
| Variance | 0.9684 |
Diamond Hill Against Markets
Picking the right benchmark for Diamond Hill mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Diamond Hill mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Diamond Hill is critical whether you are bullish or bearish towards Diamond Hill Small Mid at a given time. Please also check how Diamond Hill's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Diamond Hill without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
How to buy Diamond Mutual Fund?
Before investing in Diamond Hill, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Diamond Hill. To buy Diamond Hill fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Diamond Hill. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Diamond Hill fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Diamond Hill Small Mid fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Diamond Hill Small Mid fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Diamond Hill Small Mid, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Diamond Hill Small Mid?
The danger of trading Diamond Hill Small Mid is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Diamond Hill is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Diamond Hill. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Diamond Hill Small is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill Small Mid. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Diamond Hill Small 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 the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.