Dunham Emerging Markets Fund Market Value
| DAEMX Fund | USD 13.45 0.02 0.15% |
| Symbol | Dunham |
Dunham Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dunham Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dunham Emerging.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dunham Emerging on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Dunham Emerging Markets or generate 0.0% return on investment in Dunham Emerging over 210 days. Dunham Emerging is related to or competes with Maryland Short-term, Ab Select, Limited Term, Siit Ultra, Aqr Long, Rbc Short, and Old Westbury. The fund invests primarily in emerging market equity securities traded on foreign stock exchanges More
Dunham Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dunham Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dunham Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.58 |
Dunham Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham Emerging's standard deviation. In reality, there are many statistical measures that can use Dunham Emerging historical prices to predict the future Dunham Emerging's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.13) |
Dunham Emerging Markets Backtested Returns
Dunham Emerging Markets secures Sharpe Ratio (or Efficiency) of -0.0114, which denotes the fund had a -0.0114% return per unit of risk over the last 3 months. Dunham Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dunham Emerging's Mean Deviation of 0.7165, standard deviation of 0.9654, and Variance of 0.932 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dunham Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dunham Emerging is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Dunham Emerging Markets has modest predictability. Overlapping area represents the amount of predictability between Dunham Emerging time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dunham Emerging Markets price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Dunham Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Dunham Emerging Markets lagged returns against current returns
Autocorrelation, which is Dunham Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dunham Emerging's mutual fund expected returns. We can calculate the autocorrelation of Dunham Emerging returns to help us make a trade decision. For example, suppose you find that Dunham Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dunham Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dunham Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dunham Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham Emerging Lagged Returns
When evaluating Dunham Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham Emerging mutual fund have on its future price. Dunham Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dunham Emerging autocorrelation shows the relationship between Dunham Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Dunham Mutual Fund
Dunham Emerging financial ratios help investors to determine whether Dunham Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dunham with respect to the benefits of owning Dunham Emerging security.
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