Dunham Large Cap Fund Market Value
| DCLVX Fund | USD 19.83 0.03 0.15% |
| Symbol | Dunham |
Dunham Large '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 Large'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 Large.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Dunham Large on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Dunham Large Cap or generate 0.0% return on investment in Dunham Large over 540 days. Dunham Large is related to or competes with Dunham Dynamic, Dunham Appreciation, Dunham Small, Dunham Emerging, Dunham Focused, Dunham Floating, and Dunham International. The fund invests primarily in value-oriented, large capitalization or large cap common stocks of companies traded on U.S More
Dunham Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5444 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 1.05 |
Dunham Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham Large's standard deviation. In reality, there are many statistical measures that can use Dunham Large historical prices to predict the future Dunham Large's volatility.| Risk Adjusted Performance | 0.1304 | |||
| Jensen Alpha | 3.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.128 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dunham Large's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dunham Large Cap Backtested Returns
At this stage we consider Dunham Mutual Fund to be very steady. Dunham Large Cap secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dunham Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Dunham Large's Mean Deviation of 0.4812, coefficient of variation of 577.26, and Downside Deviation of 0.5444 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.79, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dunham Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dunham Large is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Dunham Large Cap has average predictability. Overlapping area represents the amount of predictability between Dunham Large time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Large Cap price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Dunham Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Dunham Large Cap lagged returns against current returns
Autocorrelation, which is Dunham Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Dunham Large returns to help us make a trade decision. For example, suppose you find that Dunham Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham Large Lagged Returns
When evaluating Dunham Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham Large mutual fund have on its future price. Dunham Large 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 Large autocorrelation shows the relationship between Dunham Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham Large Cap.
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 Large 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 Large security.
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