Dunham Small Correlations

Mutual Funds . USA . 
Fund . Dunham Small Cap
DASVX Fund  USD 15.94  0.12  0.75%   
The current 90-days correlation between Dunham Small Cap and Tax Free Conservative Income is -0.04 (i.e., Good diversification). The correlation of Dunham Small 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 Small Correlation With Market

Very poor diversification

The correlation between Dunham Small Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Small Cap 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 Small Cap. 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 manufacturing.

Moving together with Dunham Mutual Fund

  0.9DNAVX Dunham Dynamic MacroPairCorr
  0.93DNAIX Dunham AppreciationPairCorr
  0.7DNCGX Dunham PorategovernmentPairCorr
  0.97DNDGX Dunham Small CapPairCorr
  0.87DNEMX Dunham Emerging MarketsPairCorr
  0.71DNFGX Dunham Focused LargePairCorr
  0.83DNFRX Dunham Floating RatePairCorr
  0.71DNIOX Dunham InternationalPairCorr
  0.95DNHYX Dunham High YieldPairCorr
  0.97DNLVX Dunham Large CapPairCorr
  0.86DNMDX Dunham Monthly DistrPairCorr
  0.98DNSVX Dunham Small CapPairCorr
  0.91DNSPX Dunham Enhanced MarketPairCorr
  0.87DAAIX Dunham AppreciationPairCorr
  0.91DAAVX Dunham Dynamic MacroPairCorr
  0.69DACGX Dunham PorategovernmentPairCorr
  0.99DADGX Dunham Small CapPairCorr
  0.86DAEMX Dunham Emerging MarketsPairCorr
  0.78DAFRX Dunham Floating RatePairCorr
  0.74DAFGX Dunham Focused LargePairCorr
  0.96DAHYX Dunham High YieldPairCorr
  0.7DAIOX Dunham InternationalPairCorr
  0.98DALVX Dunham Large CapPairCorr
  0.86DAMDX Dunham Monthly DistrPairCorr
  0.9DCAVX Dunham Dynamic MacroPairCorr
  0.8DCAIX Dunham AppreciationPairCorr
  0.97DCDGX Dunham Small CapPairCorr
  0.87DCEMX Dunham Emerging MarketsPairCorr
  0.77DCFGX Dunham Focused LargePairCorr
  0.73DCFRX Dunham Floating RatePairCorr
  0.66DCIOX Dunham InternationalPairCorr
  0.95DCHYX Dunham High YieldPairCorr

Moving against Dunham Mutual Fund

  0.87DASPX Dunham Enhanced MarketPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Small 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 Small'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.

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