Dunham Small Correlations

Mutual Funds . USA . 
Fund . Dunham Small Cap
DASVX Fund  USD 14.22  0.12  0.84%   
The current 90-days correlation between Dunham Small Cap and Dunham Dynamic Macro is 0.63 (i.e., Poor 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 -0.11 (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 real.

Moving together with Dunham Mutual Fund

  0.91DNAVX Dunham Dynamic MacroPairCorr
  0.9DNAIX Dunham AppreciationPairCorr
  0.99DNDGX Dunham Small CapPairCorr
  0.62DNEMX Dunham Emerging MarketsPairCorr
  0.72DNFGX Dunham Focused LargePairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.96DNINX Dunham InternationalPairCorr
  0.97DNHYX Dunham High YieldPairCorr
  0.99DNLVX Dunham Large CapPairCorr
  0.96DNMDX Dunham Monthly DistrPairCorr
  1.0DNSVX Dunham Small CapPairCorr
  0.98DNSPX Dunham Enhanced MarketPairCorr
  0.87DAAIX Dunham AppreciationPairCorr
  0.91DAAVX Dunham Dynamic MacroPairCorr
  0.77DACGX Dunham PorategovernmentPairCorr
  0.99DADGX Dunham Small CapPairCorr
  0.97DAEMX Dunham Emerging MarketsPairCorr
  0.98DAFRX Dunham Floating RatePairCorr
  0.97DAFGX Dunham Focused LargePairCorr
  0.97DAHYX Dunham High YieldPairCorr
  0.95DAIOX Dunham InternationalPairCorr
  0.96DAINX Dunham InternationalPairCorr
  0.99DALVX Dunham Large CapPairCorr
  0.96DAMDX Dunham Monthly DistrPairCorr
  0.94DAREX Dunham Real EstatePairCorr
  0.98DASPX Dunham Enhanced MarketPairCorr
  0.9DCAVX Dunham Dynamic MacroPairCorr
  0.86DCAIX Dunham AppreciationPairCorr
  0.74DCCGX Dunham PorategovernmentPairCorr
  0.99DCDGX Dunham Small CapPairCorr
  0.97DCEMX Dunham Emerging MarketsPairCorr
  0.97DCFGX Dunham Focused LargePairCorr
  0.97DCFRX Dunham Floating RatePairCorr
  0.95DCIOX Dunham InternationalPairCorr
  0.96DCINX Dunham InternationalPairCorr
  0.97DCHYX 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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DNAVX  0.16  0.05 (0.42)(1.14) 0.00 
(0.23)
 0.42 
(0.32)
 1.07 
DNAIX  0.05  0.01  0.00 (3.38) 0.00 
 0.00 
 0.11 
(0.11)
 0.23 
DNCGX  0.19  0.03 (0.42)(1.26) 0.11 
(0.23)
 0.32 
(0.32)
 1.05 
DNDGX  0.96  0.31  0.13 (1.68) 0.82 
(1.13)
 2.59 
(1.79)
 6.40 
DNEMX  0.52  0.17  0.11  0.73  0.26 
(0.64)
 1.08 
(1.18)
 4.10 
DNFGX  0.84  0.38  0.32  2.66  0.00 
(1.02)
 2.33 
(0.96)
 6.20 
DNFRX  0.09  0.07  0.00 (5.89) 0.00 
 0.00 
 0.24 
(0.12)
 0.72 
DNIOX  0.13  0.05 (0.62)(0.84) 0.00 
(0.20)
 0.26 
(0.13)
 0.77 
DNINX  0.43  0.25  0.17 (4.79) 0.00 
(0.55)
 1.05 
(0.65)
 3.29 
DNHYX  0.16  0.08 (0.33)(2.22) 0.00 
(0.24)
 0.49 
(0.24)
 1.19 

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