Dunham Large Correlations

DNLVX Fund

USD 21.88 0.15 0.69%

The correlation of Dunham Large 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 Large Correlation With Market

Very poor diversification

The correlation between Dunham Large Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Large 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 Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Dunham Mutual Fund

0.76	FWWMX	American Funds Washington	Pair Corr
0.76	FWMMX	American Funds Washington	Pair Corr
0.76	AWSHX	Washington Mutual	Pair Corr
0.73	WSHCX	Washington Mutual	Pair Corr
0.77	WSHFX	Washington Mutual	Pair Corr
0.78	VVIAX	Vanguard Value Index	Pair Corr
0.73	RWMAX	Washington Mutual	Pair Corr
0.75	CWMAX	Washington Mutual	Pair Corr
0.77	RWMGX	Washington Mutual	Pair Corr
0.73	CWMCX	Washington Mutual	Pair Corr
0.74	FTCAX	Templeton Strained Bond	Pair Corr
0.83	GPICX	Guidepath Conservative	Pair Corr
0.61	INTC	Intel Aggressive Push	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.81	AXP	American Express	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr

Moving against Dunham Mutual Fund

0.83	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.82	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.54	PDI	Pimco Dynamic Income	Pair Corr
0.33	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.61	T	ATT Inc	Pair Corr
0.49	PG	Procter Gamble	Pair Corr
0.43	HD	Home Depot	Pair Corr

Related Correlations Analysis

	HUCXX	PBMXX	STSEX	0P000070L2	FMVUX	TLMXX	AEYXX
HUCXX		0.0	0.0	0.0	0.0	0.0	0.0	HUCXX
PBMXX	0.0		0.0	0.0	0.0	0.0	0.0	PBMXX
STSEX	0.0	0.0		0.55	0.5	0.0	0.0	STSEX
0P000070L2	0.0	0.0	0.55		-0.24	0.0	0.0	0P000070L2
FMVUX	0.0	0.0	0.5	-0.24		0.0	0.0	FMVUX
TLMXX	0.0	0.0	0.0	0.0	0.0		0.0	TLMXX
AEYXX	0.0	0.0	0.0	0.0	0.0	0.0		AEYXX
	HUCXX	PBMXX	STSEX	0P000070L2	FMVUX	TLMXX	AEYXX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

0P000070L2	+ 0.55	STSEX
FMVUX	+ 0.5	STSEX
PBMXX	+ 0.0	HUCXX
STSEX	+ 0.0	HUCXX
0P000070L2	+ 0.0	HUCXX
FMVUX	+ 0.0	HUCXX

High negative correlations

FMVUX	- 0.24	0P000070L2
AEYXX	- 0.0	TLMXX
AEYXX	- 0.0	FMVUX
TLMXX	- 0.0	FMVUX
AEYXX	- 0.0	0P000070L2
TLMXX	- 0.0	0P000070L2

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Large 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 Large'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.47	(0.01)	(0.02)	0.01	0.57	(0.50)	0.89	(0.93)	2.62
0P000070L2	0.03	0.01	0.00	(0.67)	0.00	0.00	0.00	0.00	0.40
FMVUX	0.63	(0.02)	(0.02)	0.00	0.89	(0.63)	1.41	(1.35)	4.41
TLMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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