Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DAAVX Fund  USD 12.24  0.04  0.33%   
The current 90-days correlation between Dunham Dynamic Macro and Qs Global Equity is 0.53 (i.e., Very weak 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

Very weak diversification

The correlation between Dunham Dynamic Macro and DJI is 0.52 (i.e., Very 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

  1.0DNAVX Dunham Dynamic MacroPairCorr
  0.9DNAIX Dunham AppreciationPairCorr
  0.78DNCGX Dunham PorategovernmentPairCorr
  0.94DNDGX Dunham Small CapPairCorr
  0.95DNEMX Dunham Emerging MarketsPairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.97DNINX Dunham InternationalPairCorr
  0.89DNHYX Dunham High YieldPairCorr
  0.72DNLVX Dunham Large CapPairCorr
  0.79DNREX Dunham Real EstatePairCorr
  0.93DNSVX Dunham Small CapPairCorr
  0.73DACGX Dunham PorategovernmentPairCorr
  0.88DAEMX Dunham Emerging MarketsPairCorr
  0.85DAFGX Dunham Focused LargePairCorr
  0.82DAHYX Dunham High YieldPairCorr
  0.97DAINX Dunham InternationalPairCorr
  0.93DALVX Dunham Large CapPairCorr
  0.96DAMDX Dunham Monthly DistrPairCorr
  0.88DAREX Dunham Real EstatePairCorr
  1.0DCAVX Dunham Dynamic MacroPairCorr
  0.95DCEMX Dunham Emerging MarketsPairCorr
  0.95DCFGX Dunham Focused LargePairCorr
  0.97DCFRX Dunham Floating RatePairCorr
  0.97DCINX Dunham InternationalPairCorr
  0.93DCLVX Dunham Large CapPairCorr
  0.87DCMDX Dunham Monthly DistrPairCorr
  0.97DCREX Dunham Real EstatePairCorr
  0.83DCSVX Dunham Small CapPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.88PAAIX All Asset FundPairCorr
  0.75PALPX Pimco All AssetPairCorr
  0.89PASAX All Asset FundPairCorr
  0.75PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.95PAUPX Pimco All AssetPairCorr
  0.95PAUIX Pimco All AssetPairCorr
  0.66WARRX Wells Fargo AdvantagePairCorr

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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