Dunham Small Correlations

Mutual Funds . USA . 
Fund . Dunham Small Cap
DADGX Fund  USD 18.86  0.28  1.51%   
The current 90-days correlation between Dunham Small Cap and Calvert Conservative Allocation is -0.07 (i.e., Good diversification). The correlation of Dunham Small 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 Small Correlation With Market

Good diversification

The correlation between Dunham Small Cap and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Small Cap 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 Small Cap. 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 price.

Moving together with Dunham Mutual Fund

  0.92DNAVX Dunham Dynamic MacroPairCorr
  0.88DNAIX Dunham AppreciationPairCorr
  0.72DNCGX Dunham PorategovernmentPairCorr
  1.0DNDGX Dunham Small CapPairCorr
  0.96DNEMX Dunham Emerging MarketsPairCorr
  0.98DNFGX Dunham Focused LargePairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.94DNIOX Dunham InternationalPairCorr
  0.96DNINX Dunham InternationalPairCorr
  0.96DNHYX Dunham High YieldPairCorr
  0.97DNLVX Dunham Large CapPairCorr
  0.94DNMDX Dunham Monthly DistrPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.96DNSVX Dunham Small CapPairCorr
  0.98DNSPX Dunham Enhanced MarketPairCorr
  0.85DAAIX Dunham AppreciationPairCorr
  0.93DAAVX Dunham Dynamic MacroPairCorr
  0.74DACGX Dunham PorategovernmentPairCorr
  0.97DAEMX Dunham Emerging MarketsPairCorr
  0.97DAFRX Dunham Floating RatePairCorr
  0.99DAFGX Dunham Focused LargePairCorr
  0.97DAHYX Dunham High YieldPairCorr
  0.94DAIOX Dunham InternationalPairCorr
  0.97DAINX Dunham InternationalPairCorr
  0.98DALVX Dunham Large CapPairCorr
  0.96DAMDX Dunham Monthly DistrPairCorr
  0.94DAREX Dunham Real EstatePairCorr
  0.98DASPX Dunham Enhanced MarketPairCorr
  0.98DASVX Dunham Small CapPairCorr
  0.93DCAVX Dunham Dynamic MacroPairCorr
  0.86DCAIX Dunham AppreciationPairCorr
  0.69DCCGX Dunham PorategovernmentPairCorr
  1.0DCDGX Dunham Small CapPairCorr
  0.96DCEMX Dunham Emerging MarketsPairCorr
  0.98DCFGX Dunham Focused LargePairCorr
  0.98DCFRX Dunham Floating RatePairCorr
  0.95DCIOX Dunham InternationalPairCorr
  0.96DCINX Dunham InternationalPairCorr
  0.95DCHYX Dunham High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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