Dunham Floating Correlations

DAFRX Fund

USD 8.68 0.01 0.12%

The current 90-days correlation between Dunham Floating Rate and Baron Real Estate is 0.13 (i.e., Average diversification). The correlation of Dunham Floating 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.

Dunham Floating Correlation With Market

Average diversification

The correlation between Dunham Floating Rate and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Floating Rate 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 Dunham Floating Rate. 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 metropolitan statistical area.

Moving together with Dunham Mutual Fund

0.83	DNAIX	Dunham Appreciation	Pair Corr
1.0	DNFRX	Dunham Floating Rate	Pair Corr
0.79	DNHYX	Dunham High Yield	Pair Corr
0.82	DNMDX	Dunham Monthly Distr	Pair Corr
0.77	DAAIX	Dunham Appreciation	Pair Corr
0.75	DAHYX	Dunham High Yield	Pair Corr
0.82	DAMDX	Dunham Monthly Distr	Pair Corr
0.67	DCAIX	Dunham Appreciation	Pair Corr
1.0	DCFRX	Dunham Floating Rate	Pair Corr
0.67	DCHYX	Dunham High Yield	Pair Corr

Moving against Dunham Mutual Fund

0.76	DNSPX	Dunham Enhanced Market	Pair Corr
0.75	DNSVX	Dunham Small Cap	Pair Corr
0.67	DAAVX	Dunham Dynamic Macro	Pair Corr
0.66	DNAVX	Dunham Dynamic Macro	Pair Corr
0.66	DAFGX	Dunham Focused Large	Pair Corr
0.65	DNFGX	Dunham Focused Large	Pair Corr
0.62	DNINX	Dunham International	Pair Corr
0.62	DAINX	Dunham International	Pair Corr
0.62	DALVX	Dunham Large Cap	Pair Corr
0.61	DNLVX	Dunham Large Cap	Pair Corr
0.55	DNREX	Dunham Real Estate	Pair Corr
0.55	DAREX	Dunham Real Estate	Pair Corr
0.77	DCSVX	Dunham Small Cap	Pair Corr
0.76	DASPX	Dunham Enhanced Market	Pair Corr
0.76	DCSPX	Dunham Enhanced Market	Pair Corr
0.75	DASVX	Dunham Small Cap	Pair Corr
0.7	DCAVX	Dunham Dynamic Macro	Pair Corr
0.68	DCFGX	Dunham Focused Large	Pair Corr
0.65	DCINX	Dunham International	Pair Corr
0.64	DCLVX	Dunham Large Cap	Pair Corr
0.56	DCREX	Dunham Real Estate	Pair Corr

Related Correlations Analysis

	BREUX	SRPIX	CREYX	PJEAX	VGSIX	IVRSX
BREUX		-0.96	0.94	0.95	0.97	0.95	BREUX
SRPIX	-0.96		-0.99	-1.0	-1.0	-0.99	SRPIX
CREYX	0.94	-0.99		1.0	0.99	0.99	CREYX
PJEAX	0.95	-1.0	1.0		1.0	0.99	PJEAX
VGSIX	0.97	-1.0	0.99	1.0		0.99	VGSIX
IVRSX	0.95	-0.99	0.99	0.99	0.99		IVRSX
	BREUX	SRPIX	CREYX	PJEAX	VGSIX	IVRSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PJEAX	+ 1.0	CREYX
VGSIX	+ 1.0	PJEAX
VGSIX	+ 0.99	CREYX
IVRSX	+ 0.99	CREYX
IVRSX	+ 0.99	PJEAX
IVRSX	+ 0.99	VGSIX

High negative correlations

VGSIX	- 1.0	SRPIX
PJEAX	- 1.0	SRPIX
IVRSX	- 0.99	SRPIX
CREYX	- 0.99	SRPIX
SRPIX	- 0.96	BREUX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Floating 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 Dunham Floating'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
BREUX	0.84	(0.08)	0.00	(0.10)	0.00	0.00	1.65	(1.97)	7.09
SRPIX	0.86	0.08	0.04	(0.12)	0.90	(0.98)	1.79	(1.76)	6.06
CREYX	0.82	(0.10)	0.00	(0.17)	0.00	0.00	1.63	(1.77)	5.09
PJEAX	0.82	(0.07)	0.00	(0.12)	0.00	0.00	1.67	(1.56)	5.14
VGSIX	0.82	(0.10)	0.00	(0.16)	0.00	0.00	1.73	(1.71)	5.41
IVRSX	0.79	(0.10)	0.00	(0.19)	0.00	0.00	1.62	(1.69)	5.04

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