Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DAAVX Fund  USD 12.24  0.01  0.08%   
The correlation of Dunham Dynamic 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 Dynamic Correlation With Market

Poor diversification

The correlation between Dunham Dynamic Macro and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Dynamic Macro 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 Dynamic Macro. 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

  0.62DNFGX Dunham Focused LargePairCorr
  0.94DNINX Dunham InternationalPairCorr
  0.82DAAIX Dunham AppreciationPairCorr
  0.77DACGX Dunham PorategovernmentPairCorr
  0.93DADGX Dunham Small CapPairCorr
  0.92DAEMX Dunham Emerging MarketsPairCorr
  0.93DAFRX Dunham Floating RatePairCorr
  0.95DAFGX Dunham Focused LargePairCorr
  0.92DALVX Dunham Large CapPairCorr
  0.92DAMDX Dunham Monthly DistrPairCorr
  0.91DASPX Dunham Enhanced MarketPairCorr
  0.91DASVX Dunham Small CapPairCorr
  0.93DCDGX Dunham Small CapPairCorr
  0.94DCFRX Dunham Floating RatePairCorr
  0.94DCIOX Dunham InternationalPairCorr
  0.92DCLVX Dunham Large CapPairCorr
  0.94PAALX All Asset FundPairCorr
  0.94PATRX Pimco All AssetPairCorr
  0.94PAAIX All Asset FundPairCorr
  0.94PALPX Pimco All AssetPairCorr
  0.96PASAX All Asset FundPairCorr
  0.94PASCX All Asset FundPairCorr
  0.94PAANX Pimco All AssetPairCorr
  0.92PAUPX Pimco All AssetPairCorr
  0.63WARRX Wells Fargo AdvantagePairCorr
  0.84LIIAX Columbia Porate IncomePairCorr
  0.64ETJ Eaton Vance RiskPairCorr
  0.82DCARX Dfa California MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Dynamic 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 Dynamic'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.

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