Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DCAVX Fund  USD 11.31  0.04  0.35%   
The current 90-days correlation between Dunham Dynamic Macro and Nova Fund Class is -0.23 (i.e., Very good diversification). 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

Weak diversification

The correlation between Dunham Dynamic Macro and DJI is 0.38 (i.e., Weak 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

  0.65DNAIX Dunham AppreciationPairCorr
  0.64DNIOX Dunham InternationalPairCorr
  0.92DNINX Dunham InternationalPairCorr
  0.67DNSVX Dunham Small CapPairCorr
  0.73DNSPX Dunham Enhanced MarketPairCorr
  0.67DAAIX Dunham AppreciationPairCorr
  0.62DACGX Dunham PorategovernmentPairCorr
  0.77DADGX Dunham Small CapPairCorr
  0.86DAEMX Dunham Emerging MarketsPairCorr
  0.74DAFRX Dunham Floating RatePairCorr
  0.79DAFGX Dunham Focused LargePairCorr
  0.8DAIOX Dunham InternationalPairCorr
  0.92DAINX Dunham InternationalPairCorr
  0.75DALVX Dunham Large CapPairCorr
  0.88DAREX Dunham Real EstatePairCorr
  0.84DASVX Dunham Small CapPairCorr
  0.88DCAIX Dunham AppreciationPairCorr
  0.85DCEMX Dunham Emerging MarketsPairCorr
  0.89DCFGX Dunham Focused LargePairCorr
  0.88DCFRX Dunham Floating RatePairCorr
  0.62DCINX Dunham InternationalPairCorr
  0.77DCHYX 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 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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