Dunham Emerging Correlations

Mutual Funds USA . 
Fund . Dunham Emerging Markets
DCEMX Fund  USD 14.00  0.02  0.14%   
The current 90-days correlation between Dunham Emerging Markets and Dunham Dynamic Macro is 0.33 (i.e., Weak diversification). The correlation of Dunham Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Dunham Emerging Markets and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Emerging Markets 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 Emerging Markets. 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 population.

Moving together with Dunham Mutual Fund

  0.93DNAVX Dunham Dynamic MacroPairCorr
  0.91DNAIX Dunham AppreciationPairCorr
  0.76DNCGX Dunham PorategovernmentPairCorr
  0.97DNDGX Dunham Small CapPairCorr
  1.0DNEMX Dunham Emerging MarketsPairCorr
  0.98DNFGX Dunham Focused LargePairCorr
  0.98DNFRX Dunham Floating RatePairCorr
  0.96DNIOX Dunham InternationalPairCorr
  0.98DNINX Dunham InternationalPairCorr
  0.97DNHYX Dunham High YieldPairCorr
  0.97DNLVX Dunham Large CapPairCorr
  0.96DNMDX Dunham Monthly DistrPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.97DNSVX Dunham Small CapPairCorr
  0.97DNSPX Dunham Enhanced MarketPairCorr
  0.87DAAIX Dunham AppreciationPairCorr
  0.92DAAVX Dunham Dynamic MacroPairCorr
  0.76DACGX Dunham PorategovernmentPairCorr
  0.97DADGX Dunham Small CapPairCorr
  1.0DAEMX Dunham Emerging MarketsPairCorr
  0.98DAFRX Dunham Floating RatePairCorr
  0.98DAFGX Dunham Focused LargePairCorr
  0.97DAHYX Dunham High YieldPairCorr
  0.94DAIOX Dunham InternationalPairCorr
  0.98DAINX Dunham InternationalPairCorr
  0.97DALVX Dunham Large CapPairCorr
  0.96DAMDX Dunham Monthly DistrPairCorr
  0.94DAREX Dunham Real EstatePairCorr
  0.97DASPX Dunham Enhanced MarketPairCorr
  0.97DASVX Dunham Small CapPairCorr
  0.92DCAVX Dunham Dynamic MacroPairCorr
  0.88DCAIX Dunham AppreciationPairCorr
  0.72DCCGX Dunham PorategovernmentPairCorr
  0.97DCDGX Dunham Small CapPairCorr
  0.98DCFGX Dunham Focused LargePairCorr
  0.98DCFRX Dunham Floating RatePairCorr
  0.95DCIOX Dunham InternationalPairCorr
  0.98DCINX Dunham InternationalPairCorr
  0.97DCHYX 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 Emerging 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 Emerging'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  0.02 (0.40) 0.30  0.00 
(0.23)
 0.42 
(0.32)
 1.07 
DNAIX  0.05  0.01  0.00 (0.68) 0.00 
 0.00 
 0.11 
(0.11)
 0.23 
DNCGX  0.19  0.01 (0.42) 0.24  0.15 
(0.22)
 0.32 
(0.41)
 1.05 
DNEMX  0.54  0.18  0.14  0.64  0.25 
(0.66)
 1.62 
(1.18)
 4.10 
DNFGX  0.93  0.20  0.19  0.31  0.70 
(1.05)
 2.71 
(1.66)
 6.20 
DNFRX  0.09  0.06  0.00  0.94  0.00 
 0.00 
 0.24 
(0.12)
 0.72 
DNIOX  0.13  0.04 (0.52) 0.69  0.00 
(0.21)
 0.26 
(0.13)
 0.78 
DNINX  0.43  0.21  0.18  0.86  0.00 
(0.55)
 1.05 
(0.65)
 3.29 
DNHYX  0.16  0.06 (0.30) 0.55  0.00 
(0.24)
 0.49 
(0.24)
 1.19 
DNLVX  0.57  0.07  0.05  0.22  0.50 
(0.63)
 1.50 
(1.20)
 4.10 

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