Dunham Emerging Correlations

Mutual Funds . USA . 
Fund . Dunham Emerging Markets
DAEMX Fund  USD 15.16  0.03  0.20%   
The current 90-days correlation between Dunham Emerging Markets and Ab Bond Inflation is -0.23 (i.e., Very good 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

Poor diversification

The correlation between Dunham Emerging Markets and DJI is 0.7 (i.e., Poor 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

  0.96DNAVX Dunham Dynamic MacroPairCorr
  0.86DNAIX Dunham AppreciationPairCorr
  0.73DNCGX Dunham PorategovernmentPairCorr
  0.97DNDGX Dunham Small CapPairCorr
  0.98DNEMX Dunham Emerging MarketsPairCorr
  0.97DNFGX Dunham Focused LargePairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.96DNIOX Dunham InternationalPairCorr
  0.98DNINX Dunham InternationalPairCorr
  0.97DNHYX Dunham High YieldPairCorr
  0.96DNLVX Dunham Large CapPairCorr
  0.97DNMDX Dunham Monthly DistrPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.95DNSVX Dunham Small CapPairCorr
  0.96DNSPX Dunham Enhanced MarketPairCorr
  0.94DAAVX Dunham Dynamic MacroPairCorr
  0.74DACGX Dunham PorategovernmentPairCorr
  0.96DADGX Dunham Small CapPairCorr
  0.97DAFRX Dunham Floating RatePairCorr
  0.96DAFGX Dunham Focused LargePairCorr
  0.97DAHYX Dunham High YieldPairCorr
  0.95DAIOX Dunham InternationalPairCorr
  0.97DAINX Dunham InternationalPairCorr
  0.95DALVX Dunham Large CapPairCorr
  0.96DAMDX Dunham Monthly DistrPairCorr
  0.94DAREX Dunham Real EstatePairCorr
  0.95DASPX Dunham Enhanced MarketPairCorr
  0.95DASVX Dunham Small CapPairCorr
  0.94DCAVX Dunham Dynamic MacroPairCorr
  0.73DCAIX Dunham AppreciationPairCorr
  0.72DCCGX Dunham PorategovernmentPairCorr
  0.97DCDGX Dunham Small CapPairCorr
  1.0DCEMX Dunham Emerging MarketsPairCorr
  0.97DCFGX Dunham Focused LargePairCorr
  0.97DCFRX Dunham Floating RatePairCorr
  0.96DCIOX 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.

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