Dunham Enhanced Correlations

DASPX Fund   15.26  0.03  0.20%   
The current 90-days correlation between Dunham Enhanced Market and Dunham Dynamic Macro is -0.22 (i.e., Very good diversification). The correlation of Dunham Enhanced 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 Enhanced Correlation With Market

Good diversification

The correlation between Dunham Enhanced Market and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Enhanced Market 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 Enhanced Market. 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 american community survey.

Moving together with Dunham Mutual Fund

  0.9DNAVX Dunham Dynamic MacroPairCorr
  0.93DNAIX Dunham AppreciationPairCorr
  0.77DNCGX Dunham PorategovernmentPairCorr
  0.99DNDGX Dunham Small CapPairCorr
  0.97DNEMX Dunham Emerging MarketsPairCorr
  0.96DNFGX Dunham Focused LargePairCorr
  0.99DNFRX Dunham Floating RatePairCorr
  0.96DNIOX Dunham InternationalPairCorr
  0.97DNINX Dunham InternationalPairCorr
  0.98DNHYX Dunham High YieldPairCorr
  0.98DNLVX Dunham Large CapPairCorr
  0.97DNMDX Dunham Monthly DistrPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.98DNSVX Dunham Small CapPairCorr
  1.0DNSPX Dunham Enhanced MarketPairCorr
  0.9DAAIX Dunham AppreciationPairCorr
  0.9DAAVX Dunham Dynamic MacroPairCorr
  0.79DACGX Dunham PorategovernmentPairCorr
  0.97DADGX Dunham Small CapPairCorr
  0.97DAEMX Dunham Emerging MarketsPairCorr
  0.99DAFRX Dunham Floating RatePairCorr
  0.96DAFGX Dunham Focused LargePairCorr
  0.97DAHYX Dunham High YieldPairCorr
  0.95DAIOX Dunham InternationalPairCorr
  0.98DAINX Dunham InternationalPairCorr
  0.99DALVX Dunham Large CapPairCorr
  0.97DAMDX Dunham Monthly DistrPairCorr
  0.91DAREX Dunham Real EstatePairCorr
  0.98DASVX Dunham Small CapPairCorr
  0.9DCAVX Dunham Dynamic MacroPairCorr
  0.89DCAIX Dunham AppreciationPairCorr
  0.73DCCGX Dunham PorategovernmentPairCorr
  0.97DCEMX Dunham Emerging MarketsPairCorr
  0.98DCFGX Dunham Focused LargePairCorr
  0.99DCFRX Dunham Floating RatePairCorr
  0.96DCIOX Dunham InternationalPairCorr
  0.97DCINX Dunham InternationalPairCorr
  0.98DCHYX Dunham High YieldPairCorr
  0.99DCLVX Dunham Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Enhanced 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 Enhanced'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DNAVX  0.17  0.03 (0.54) 0.33  0.00 
 0.42 
 1.07 
DNAIX  0.04  0.00  0.00  0.00  0.00 
 0.11 
 0.23 
DNCGX  0.19  0.00 (0.55) 0.22  0.15 
 0.32 
 1.05 
DNDGX  0.97  0.31  0.09 (1.44) 0.83 
 2.59 
 6.40 
DNEMX  0.54  0.18  0.10  0.69  0.20 
 1.62 
 4.10 
DNFGX  0.90  0.18  0.20  0.34  0.49 
 2.71 
 6.20 
DNFRX  0.09  0.07  0.00 (6.37) 0.00 
 0.24 
 0.72 
DNIOX  0.13  0.04 (0.74) 0.65  0.00 
 0.26 
 0.78 
DNINX  0.43  0.20  0.13  0.85  0.00 
 1.05 
 3.29 
DNHYX  0.16  0.08 (0.52)(2.95) 0.00 
 0.49 
 1.19