Dunham Floating Correlations

Mutual Funds . USA . 
Fund . Dunham Floating Rate
DAFRX Fund  USD 8.67  0.01  0.12%   
The current 90-days correlation between Dunham Floating Rate and Invesco Diversified Dividend is 0.48 (i.e., Very weak diversification). The correlation of Dunham Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between Dunham Floating Rate and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Floating Rate 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 Floating Rate. 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 metropolitan statistical area.

Moving together with Dunham Mutual Fund

  0.93DNAVX Dunham Dynamic MacroPairCorr
  0.94DNAIX Dunham AppreciationPairCorr
  0.77DNCGX Dunham PorategovernmentPairCorr
  0.98DNDGX Dunham Small CapPairCorr
  0.98DNEMX Dunham Emerging MarketsPairCorr
  0.98DNFGX Dunham Focused LargePairCorr
  0.97DNIOX Dunham InternationalPairCorr
  0.98DNINX Dunham InternationalPairCorr
  0.98DNHYX Dunham High YieldPairCorr
  0.98DNLVX Dunham Large CapPairCorr
  0.99DNMDX Dunham Monthly DistrPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.98DNSVX Dunham Small CapPairCorr
  0.99DNSPX Dunham Enhanced MarketPairCorr
  0.92DAAIX Dunham AppreciationPairCorr
  0.93DAAVX Dunham Dynamic MacroPairCorr
  0.77DACGX Dunham PorategovernmentPairCorr
  0.98DADGX Dunham Small CapPairCorr
  0.98DAEMX Dunham Emerging MarketsPairCorr
  0.98DAFGX Dunham Focused LargePairCorr
  0.98DAHYX Dunham High YieldPairCorr
  0.96DAIOX Dunham InternationalPairCorr
  0.98DAINX Dunham InternationalPairCorr
  0.98DALVX Dunham Large CapPairCorr
  0.99DAMDX Dunham Monthly DistrPairCorr
  0.94DAREX Dunham Real EstatePairCorr
  0.99DASPX Dunham Enhanced MarketPairCorr
  0.98DASVX Dunham Small CapPairCorr
  0.92DCAVX Dunham Dynamic MacroPairCorr
  0.91DCAIX Dunham AppreciationPairCorr
  0.73DCCGX Dunham PorategovernmentPairCorr
  0.98DCDGX Dunham Small CapPairCorr
  0.98DCEMX Dunham Emerging MarketsPairCorr
  0.98DCFGX Dunham Focused LargePairCorr
  1.0DCFRX Dunham Floating RatePairCorr
  0.97DCIOX Dunham InternationalPairCorr
  0.98DCINX Dunham InternationalPairCorr
  0.98DCHYX Dunham High YieldPairCorr
  0.98DCLVX Dunham Large CapPairCorr

Moving against Dunham Mutual Fund

  0.98USPSX Profunds UltrashortPairCorr
  0.82TCTGX Transamerica CleartrackPairCorr
  0.82TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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