Dunham Large Correlations

DNLVX Fund

USD 21.46 0.11 0.52%

The current 90-days correlation between Dunham Large Cap and Dunham Dynamic Macro is -0.05 (i.e., Good diversification). The correlation of Dunham Large 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 Large Correlation With Market

Almost no diversification

The correlation between Dunham Large Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Large Cap 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 Large Cap. 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 real.

Moving together with Dunham Mutual Fund

0.7	DNAVX	Dunham Dynamic Macro	Pair Corr
0.83	DNAIX	Dunham Appreciation	Pair Corr
0.93	DNDGX	Dunham Small Cap	Pair Corr
0.93	DNFGX	Dunham Focused Large	Pair Corr
0.91	DNFRX	Dunham Floating Rate	Pair Corr
0.68	DNIOX	Dunham International	Pair Corr
0.82	DNHYX	Dunham High Yield	Pair Corr
0.89	DNMDX	Dunham Monthly Distr	Pair Corr
0.87	DNSVX	Dunham Small Cap	Pair Corr
0.97	DNSPX	Dunham Enhanced Market	Pair Corr
0.85	DAAIX	Dunham Appreciation	Pair Corr
0.7	DAAVX	Dunham Dynamic Macro	Pair Corr
0.93	DADGX	Dunham Small Cap	Pair Corr
0.92	DAFRX	Dunham Floating Rate	Pair Corr
0.93	DAFGX	Dunham Focused Large	Pair Corr
0.81	DAHYX	Dunham High Yield	Pair Corr
0.7	DAIOX	Dunham International	Pair Corr
1.0	DALVX	Dunham Large Cap	Pair Corr
0.89	DAMDX	Dunham Monthly Distr	Pair Corr
0.94	DASPX	Dunham Enhanced Market	Pair Corr
0.86	DASVX	Dunham Small Cap	Pair Corr
0.65	DCAVX	Dunham Dynamic Macro	Pair Corr
0.83	DCAIX	Dunham Appreciation	Pair Corr
0.92	DCDGX	Dunham Small Cap	Pair Corr
0.93	DCFGX	Dunham Focused Large	Pair Corr
0.92	DCFRX	Dunham Floating Rate	Pair Corr
0.8	DCHYX	Dunham High Yield	Pair Corr

Moving against Dunham Mutual Fund

0.68	DACGX	Dunham Porategovernment	Pair Corr
0.67	DNCGX	Dunham Porategovernment	Pair Corr
0.69	DCCGX	Dunham Porategovernment	Pair Corr

Related Correlations Analysis

	DNAVX	DNAIX	DNCGX	DNDGX	DNEMX	DNFGX	DNFRX	DNIOX	DNINX	DNHYX
DNAVX		0.45	-0.41	0.64	0.48	0.55	0.56	0.69	0.35	0.6	DNAVX
DNAIX	0.45		-0.74	0.72	-0.21	0.86	0.98	0.55	-0.51	0.74	DNAIX
DNCGX	-0.41	-0.74		-0.64	0.21	-0.75	-0.75	-0.09	0.35	-0.3	DNCGX
DNDGX	0.64	0.72	-0.64		0.0	0.92	0.82	0.54	-0.18	0.78	DNDGX
DNEMX	0.48	-0.21	0.21	0.0		-0.13	-0.1	0.45	0.91	0.1	DNEMX
DNFGX	0.55	0.86	-0.75	0.92	-0.13		0.93	0.53	-0.37	0.77	DNFGX
DNFRX	0.56	0.98	-0.75	0.82	-0.1	0.93		0.62	-0.39	0.81	DNFRX
DNIOX	0.69	0.55	-0.09	0.54	0.45	0.53	0.62		0.18	0.84	DNIOX
DNINX	0.35	-0.51	0.35	-0.18	0.91	-0.37	-0.39	0.18		-0.17	DNINX
DNHYX	0.6	0.74	-0.3	0.78	0.1	0.77	0.81	0.84	-0.17		DNHYX
	DNAVX	DNAIX	DNCGX	DNDGX	DNEMX	DNFGX	DNFRX	DNIOX	DNINX	DNHYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DNFRX	+ 0.98	DNAIX
DNFRX	+ 0.93	DNFGX
DNFGX	+ 0.92	DNDGX
DNINX	+ 0.91	DNEMX
DNFGX	+ 0.86	DNAIX
DNHYX	+ 0.84	DNIOX

High negative correlations

DNFRX	- 0.75	DNCGX
DNFGX	- 0.75	DNCGX
DNCGX	- 0.74	DNAIX
DNDGX	- 0.64	DNCGX
DNINX	- 0.51	DNAIX
DNCGX	- 0.41	DNAVX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Large 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 Large'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
DNAVX	0.30	0.01	(0.25)	(0.50)	0.37	(0.32)	0.66	(0.65)	2.02
DNAIX	0.04	0.01	0.00	(0.34)	0.00	0.00	0.11	(0.11)	0.23
DNCGX	0.20	(0.01)	0.00	0.40	0.00	0.00	0.40	(0.48)	1.03
DNDGX	0.90	(0.02)	0.01	0.10	1.19	(0.91)	2.20	(1.69)	6.44
DNEMX	0.74	(0.10)	0.00	(0.14)	0.00	0.00	1.61	(1.76)	4.70
DNFGX	0.79	0.02	0.01	0.14	1.02	(0.74)	1.84	(1.89)	5.00
DNFRX	0.06	0.03	0.00	1.26	0.00	0.00	0.12	0.00	0.23
DNIOX	0.14	0.01	(0.59)	0.29	0.00	(0.19)	0.25	(0.25)	0.63
DNINX	0.68	(0.12)	0.00	(0.22)	0.00	0.00	1.49	(1.54)	4.15
DNHYX	0.11	0.01	(0.56)	0.29	0.00	(0.16)	0.23	(0.23)	0.58

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