Dunham Small Cap Fund Market Value
| DNDGX Fund | USD 21.11 0.03 0.14% |
| Symbol | Dunham |
Dunham Small '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 Small'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 Small.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dunham Small on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dunham Small Cap or generate 0.0% return on investment in Dunham Small over 180 days. Dunham Small is related to or competes with Dunham Appreciation, Dunham Dynamic, Dunham Small, Dunham Emerging, Dunham Floating, Dunham Focused, and Dunham International. Under normal market conditions, the fund invests at least 80 percent of its assets in small cap companies More
Dunham Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.0198 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.2 |
Dunham Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham Small's standard deviation. In reality, there are many statistical measures that can use Dunham Small historical prices to predict the future Dunham Small's volatility.| Risk Adjusted Performance | 0.0975 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | 0.1026 |
Dunham Small Cap Backtested Returns
Dunham Small appears to be very steady, given 3 months investment horizon. Dunham Small 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 Small Cap, which you can use to evaluate the volatility of the entity. Please utilize Dunham Small's Coefficient Of Variation of 817.55, mean deviation of 0.8992, and Downside Deviation of 1.33 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.36, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dunham Small will likely underperform.
Auto-correlation | 0.37 |
Below average predictability
Dunham Small Cap has below average predictability. Overlapping area represents the amount of predictability between Dunham Small time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Small Cap price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Dunham Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Dunham Small Cap lagged returns against current returns
Autocorrelation, which is Dunham Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Dunham Small returns to help us make a trade decision. For example, suppose you find that Dunham Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham Small Lagged Returns
When evaluating Dunham Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham Small mutual fund have on its future price. Dunham Small 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 Small autocorrelation shows the relationship between Dunham Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham Small 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 Small 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 Small security.
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