Dunham Appreciation Correlations

DNAIX Fund

USD 8.75 0.01 0.11%

The current 90-days correlation between Dunham Appreciation and Manning Napier Diversified is 0.21 (i.e., Modest diversification). 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

Average diversification

The correlation between Dunham Appreciation Income and DJI is 0.13 (i.e., Average 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

0.73	DNIOX	Dunham International	Pair Corr
0.91	DAAIX	Dunham Appreciation	Pair Corr
0.73	DAIOX	Dunham International	Pair Corr
0.61	DAINX	Dunham International	Pair Corr
0.85	DCAIX	Dunham Appreciation	Pair Corr
0.71	DCIOX	Dunham International	Pair Corr

Related Correlations Analysis

	MNDWX	FZABX	DDFIX	GPICX	WDIAX	FHCOX
MNDWX		0.55	0.28	0.61	0.65	0.69	MNDWX
FZABX	0.55		0.77	0.28	0.83	0.68	FZABX
DDFIX	0.28	0.77		0.28	0.74	0.63	DDFIX
GPICX	0.61	0.28	0.28		0.56	0.68	GPICX
WDIAX	0.65	0.83	0.74	0.56		0.85	WDIAX
FHCOX	0.69	0.68	0.63	0.68	0.85		FHCOX
	MNDWX	FZABX	DDFIX	GPICX	WDIAX	FHCOX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MNDWX	0.05	0.01	(0.44)	3.56	0.00	(0.10)	0.10	(0.10)	0.38
FZABX	0.79	0.27	0.22	2.68	0.57	(0.94)	1.39	(1.42)	13.58
DDFIX	0.73	0.24	0.33	0.63	0.00	(0.99)	1.31	(0.87)	14.37
GPICX	0.03	(0.01)	0.00	0.95	0.00	0.00	0.10	0.00	0.73
WDIAX	0.54	0.05	(0.03)	0.65	0.55	(0.64)	1.15	(1.01)	3.12
FHCOX	0.03	0.00	0.00	(0.11)	0.00	0.00	0.10	(0.10)	0.50

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Dunham Appreciation Correlations

Dunham Appreciation Correlation With Market

Average diversification

Moving together with Dunham Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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