Dunham Emerging Correlations

DCEMX Fund

USD 12.25 0.06 0.49%

The current 90-days correlation between Dunham Emerging Markets and Kinetics Small Cap is 0.06 (i.e., Significant diversification). The correlation of Dunham Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Dunham Emerging Markets and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Emerging Markets 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 Emerging Markets. 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 Dunham Mutual Fund

0.78	DNINX	Dunham International	Pair Corr
0.63	DNREX	Dunham Real Estate	Pair Corr
0.78	DAINX	Dunham International	Pair Corr
0.77	DCINX	Dunham International	Pair Corr

Moving against Dunham Mutual Fund

0.74	DNAIX	Dunham Appreciation	Pair Corr
0.67	DNMDX	Dunham Monthly Distr	Pair Corr
0.45	DNHYX	Dunham High Yield	Pair Corr
0.45	DAHYX	Dunham High Yield	Pair Corr
0.35	DAAIX	Dunham Appreciation	Pair Corr
0.64	DCMDX	Dunham Monthly Distr	Pair Corr
0.37	DCAIX	Dunham Appreciation	Pair Corr

Related Correlations Analysis

	KSCYX	ASCGX	PSBMX	LKSCX	TVOYX	FCSGX	HSCVX
KSCYX		0.69	0.73	0.67	0.8	0.83	0.76	KSCYX
ASCGX	0.69		0.75	0.78	0.8	0.95	0.72	ASCGX
PSBMX	0.73	0.75		0.85	0.97	0.85	0.97	PSBMX
LKSCX	0.67	0.78	0.85		0.9	0.84	0.88	LKSCX
TVOYX	0.8	0.8	0.97	0.9		0.9	0.98	TVOYX
FCSGX	0.83	0.95	0.85	0.84	0.9		0.83	FCSGX
HSCVX	0.76	0.72	0.97	0.88	0.98	0.83		HSCVX
	KSCYX	ASCGX	PSBMX	LKSCX	TVOYX	FCSGX	HSCVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Emerging 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 Emerging'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
KSCYX	1.64	0.25	0.09	0.28	2.34	(1.62)	3.29	(4.04)	16.43
ASCGX	1.11	0.05	0.03	0.09	1.41	(1.11)	2.24	(2.22)	8.49
PSBMX	0.86	(0.01)	(0.01)	0.00	1.22	(0.85)	1.48	(1.54)	9.63
LKSCX	0.89	(0.02)	(0.01)	(0.01)	1.80	(0.79)	1.64	(1.41)	13.50
TVOYX	0.81	0.02	0.01	0.06	0.96	(0.93)	1.56	(1.59)	9.38
FCSGX	0.87	0.07	0.05	0.19	1.08	(0.94)	1.70	(1.49)	9.09
HSCVX	0.72	(0.01)	(0.02)	0.00	0.88	(0.93)	1.47	(1.50)	8.08

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