Dunham Real Correlations

DNREX Fund

USD 15.21 0.07 0.46%

The current 90-days correlation between Dunham Real Estate and Realty Income is 0.07 (i.e., Significant diversification). The correlation of Dunham Real 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 Real Correlation With Market

Very weak diversification

The correlation between Dunham Real Estate and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Real Estate 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 Real Estate. 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 income.

Moving together with DUNHAM Mutual Fund

0.82	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.72	ADC-PA	Agree Realty	Pair Corr
0.69	VNO-PL	Vornado Realty Trust	Pair Corr
0.62	VNO-PM	Vornado Realty Trust	Pair Corr
0.65	VNO-PO	Vornado Realty Trust	Pair Corr
0.71	MITT-PA	AG Mortgage Investment	Pair Corr
0.68	EPRT	Essential Properties	Pair Corr
0.73	ESRT	Empire State Realty	Pair Corr

Moving against DUNHAM Mutual Fund

0.38	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.45	EMITF	Elbit Imaging	Pair Corr
0.51	AHT	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE
O		-0.15	0.65	0.28	-0.19	-0.32	-0.51	0.06	0.19	-0.7	O
DX	-0.15		0.04	0.53	0.56	0.57	0.25	-0.48	0.1	0.42	DX
FR	0.65	0.04		0.5	-0.06	-0.17	-0.04	0.08	0.8	-0.79	FR
HR	0.28	0.53	0.5		0.25	0.34	-0.2	-0.36	0.35	-0.13	HR
KW	-0.19	0.56	-0.06	0.25		0.31	0.28	-0.11	0.0	0.47	KW
OZ	-0.32	0.57	-0.17	0.34	0.31		0.3	-0.57	-0.04	0.4	OZ
PK	-0.51	0.25	-0.04	-0.2	0.28	0.3		-0.02	0.33	0.25	PK
PW	0.06	-0.48	0.08	-0.36	-0.11	-0.57	-0.02		0.11	-0.22	PW
RC	0.19	0.1	0.8	0.35	0.0	-0.04	0.33	0.11		-0.63	RC
UE	-0.7	0.42	-0.79	-0.13	0.47	0.4	0.25	-0.22	-0.63		UE
	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE

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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

RC	+ 0.8	FR
FR	+ 0.65	O
OZ	+ 0.57	DX
KW	+ 0.56	DX
HR	+ 0.53	DX
HR	+ 0.5	FR

High negative correlations

UE	- 0.79	FR
UE	- 0.7	O
UE	- 0.63	RC
PW	- 0.57	OZ
PK	- 0.51	O
PW	- 0.48	DX

Risk-Adjusted Indicators

There is a big difference between DUNHAM Mutual Fund performing well and Dunham Real 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 Real'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
O	0.79	(0.05)	0.00	0.55	0.00	0.00	1.38	(1.84)	5.16
DX	0.75	0.02	(0.05)	0.17	1.04	(0.73)	1.56	(1.47)	4.65
FR	0.84	(0.11)	0.00	(0.10)	0.00	0.00	1.48	(1.82)	3.74
HR	1.07	0.03	(0.07)	(1.02)	1.38	(1.07)	2.00	(2.54)	5.37
KW	1.32	(0.06)	(0.04)	0.05	1.64	(1.46)	2.88	(2.71)	10.81
OZ	1.13	0.16	0.07	0.35	1.44	(1.27)	2.90	(2.09)	8.57
PK	1.35	(0.11)	(0.03)	0.04	1.57	(1.42)	2.99	(2.71)	10.98
PW	6.47	0.45	0.00	(0.03)	7.04	(9.39)	11.11	(10.85)	119.44
RC	1.28	(0.28)	0.00	(0.14)	0.00	0.00	2.95	(2.57)	8.18
UE	0.83	0.12	0.06	0.38	0.76	(0.94)	1.78	(1.57)	4.48

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