Dunham Appreciation Correlations

Mutual Funds . USA . 
Fund . Dunham Appreciation Income
DNAIX Fund  USD 8.78  0.01  0.11%   
The correlation of Dunham Appreciation 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 Appreciation Correlation With Market

Very poor diversification

The correlation between Dunham Appreciation Income and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Appreciation Income 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 Appreciation Income. 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 gross domestic product.

Moving together with Dunham Mutual Fund

  0.85DNAVX Dunham Dynamic MacroPairCorr
  0.69DNCGX Dunham PorategovernmentPairCorr
  0.92DNDGX Dunham Small CapPairCorr
  0.92DNEMX Dunham Emerging MarketsPairCorr
  0.74DNFGX Dunham Focused LargePairCorr
  0.77DNFRX Dunham Floating RatePairCorr
  0.76DNIOX Dunham InternationalPairCorr
  0.9DNHYX Dunham High YieldPairCorr
  0.89DNLVX Dunham Large CapPairCorr
  0.71DNMDX Dunham Monthly DistrPairCorr
  0.91DNSVX Dunham Small CapPairCorr
  0.86DNSPX Dunham Enhanced MarketPairCorr
  0.92DAAIX Dunham AppreciationPairCorr
  0.85DAAVX Dunham Dynamic MacroPairCorr
  0.7DACGX Dunham PorategovernmentPairCorr
  0.92DADGX Dunham Small CapPairCorr
  0.89DAEMX Dunham Emerging MarketsPairCorr
  0.72DAFRX Dunham Floating RatePairCorr
  0.74DAFGX Dunham Focused LargePairCorr
  0.92DAHYX Dunham High YieldPairCorr
  0.75DAIOX Dunham InternationalPairCorr
  0.9DALVX Dunham Large CapPairCorr
  0.71DAMDX Dunham Monthly DistrPairCorr
  0.93DASVX Dunham Small CapPairCorr
  0.85DCAVX Dunham Dynamic MacroPairCorr
  0.9DCAIX Dunham AppreciationPairCorr
  0.92DCDGX Dunham Small CapPairCorr
  0.91DCEMX Dunham Emerging MarketsPairCorr
  0.78DCFGX Dunham Focused LargePairCorr
  0.7DCFRX Dunham Floating RatePairCorr
  0.71DCIOX Dunham InternationalPairCorr
  0.9DCHYX Dunham High YieldPairCorr

Moving against Dunham Mutual Fund

  0.79DASPX Dunham Enhanced MarketPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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