Dunham Floating Correlations

Mutual Funds . USA . 
Fund . Dunham Floating Rate
DCFRX Fund  USD 8.64  0.01  0.12%   
The current 90-days correlation between Dunham Floating Rate and T Rowe Price is 0.25 (i.e., Modest 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

DunhamDowDiversified AwayDunhamDowDiversified Away100%

Good diversification

The correlation between Dunham Floating Rate and DJI is -0.06 (i.e., Good 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

  0.91DNAIX Dunham AppreciationPairCorr
  1.0DNFRX Dunham Floating RatePairCorr
  0.85DNHYX Dunham High YieldPairCorr
  0.9DNMDX Dunham Monthly DistrPairCorr
  0.86DAAIX Dunham AppreciationPairCorr
  1.0DAFRX Dunham Floating RatePairCorr
  0.85DAHYX Dunham High YieldPairCorr
  0.89DAMDX Dunham Monthly DistrPairCorr
  0.83DCAIX Dunham AppreciationPairCorr
  0.81DCHYX Dunham High YieldPairCorr

Moving against Dunham Mutual Fund

  0.79DNSPX Dunham Enhanced MarketPairCorr
  0.79DASPX Dunham Enhanced MarketPairCorr
  0.78DNSVX Dunham Small CapPairCorr
  0.74DNFGX Dunham Focused LargePairCorr
  0.74DAFGX Dunham Focused LargePairCorr
  0.66DAAVX Dunham Dynamic MacroPairCorr
  0.65DNAVX Dunham Dynamic MacroPairCorr
  0.56DNREX Dunham Real EstatePairCorr
  0.56DAREX Dunham Real EstatePairCorr
  0.47DALVX Dunham Large CapPairCorr
  0.44DNLVX Dunham Large CapPairCorr
  0.8DCSVX Dunham Small CapPairCorr
  0.79DASVX Dunham Small CapPairCorr
  0.79DCSPX Dunham Enhanced MarketPairCorr
  0.75DCFGX Dunham Focused LargePairCorr
  0.71DCAVX Dunham Dynamic MacroPairCorr
  0.58DCREX Dunham Real EstatePairCorr
  0.48DCLVX Dunham Large CapPairCorr

Related Correlations Analysis

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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.

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