Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DNAVX Fund  USD 11.65  0.01  0.09%   
The current 90-days correlation between Dunham Dynamic Macro and Vanguard Short Term Federal is 0.1 (i.e., Average diversification). The correlation of Dunham Dynamic 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 Dynamic Correlation With Market

Poor diversification

The correlation between Dunham Dynamic Macro and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Dynamic Macro 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 Dynamic Macro. 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 persons.

Moving together with Dunham Mutual Fund

  0.89DNAIX Dunham AppreciationPairCorr
  0.69DNCGX Dunham PorategovernmentPairCorr
  0.91DNDGX Dunham Small CapPairCorr
  0.89DNEMX Dunham Emerging MarketsPairCorr
  0.65DNFGX Dunham Focused LargePairCorr
  0.65DNFRX Dunham Floating RatePairCorr
  0.81DNIOX Dunham InternationalPairCorr
  0.94DNHYX Dunham High YieldPairCorr
  0.97DNLVX Dunham Large CapPairCorr
  0.84DNMDX Dunham Monthly DistrPairCorr
  0.66DNREX Dunham Real EstatePairCorr
  0.91DNSVX Dunham Small CapPairCorr
  0.97DNSPX Dunham Enhanced MarketPairCorr
  0.91DAAIX Dunham AppreciationPairCorr
  0.98DAAVX Dunham Dynamic MacroPairCorr
  0.69DACGX Dunham PorategovernmentPairCorr
  0.9DADGX Dunham Small CapPairCorr
  0.89DAEMX Dunham Emerging MarketsPairCorr
  0.65DAFRX Dunham Floating RatePairCorr
  0.68DAFGX Dunham Focused LargePairCorr
  0.94DAHYX Dunham High YieldPairCorr
  0.8DAIOX Dunham InternationalPairCorr
  0.95DALVX Dunham Large CapPairCorr
  0.85DAMDX Dunham Monthly DistrPairCorr
  0.64DAREX Dunham Real EstatePairCorr
  0.92DASVX Dunham Small CapPairCorr
  1.0DCAVX Dunham Dynamic MacroPairCorr
  0.86DCAIX Dunham AppreciationPairCorr
  0.67DCCGX Dunham PorategovernmentPairCorr
  0.95DCDGX Dunham Small CapPairCorr
  0.89DCEMX Dunham Emerging MarketsPairCorr
  0.77DCFGX Dunham Focused LargePairCorr
  0.77DCIOX Dunham InternationalPairCorr
  0.93DCHYX Dunham High YieldPairCorr

Moving against Dunham Mutual Fund

  0.93DASPX Dunham Enhanced MarketPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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