Dunham Emerging Correlations

DAEMX Fund

USD 15.55 0.02 0.13%

The current 90-days correlation between Dunham Emerging Markets and Tactical Multi Purpose Fund is -0.1 (i.e., 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

Good diversification

The correlation between Dunham Emerging Markets and DJI is -0.12 (i.e., Good 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 industry.

Moving together with Dunham Mutual Fund

0.82	DNAVX	Dunham Dynamic Macro	Pair Corr
0.87	DNAIX	Dunham Appreciation	Pair Corr
0.7	DNCGX	Dunham Porategovernment	Pair Corr
0.76	DNEMX	Dunham Emerging Markets	Pair Corr
0.81	DNFGX	Dunham Focused Large	Pair Corr
0.76	DNFRX	Dunham Floating Rate	Pair Corr
0.91	DNIOX	Dunham International	Pair Corr
0.95	DNINX	Dunham International	Pair Corr
0.73	DNHYX	Dunham High Yield	Pair Corr
0.7	DNLVX	Dunham Large Cap	Pair Corr
0.85	DNSVX	Dunham Small Cap	Pair Corr
0.72	DACGX	Dunham Porategovernment	Pair Corr
0.73	DADGX	Dunham Small Cap	Pair Corr
0.75	DAFRX	Dunham Floating Rate	Pair Corr
0.81	DAFGX	Dunham Focused Large	Pair Corr
0.95	DAINX	Dunham International	Pair Corr
0.91	DALVX	Dunham Large Cap	Pair Corr
0.73	DAMDX	Dunham Monthly Distr	Pair Corr
0.76	DASPX	Dunham Enhanced Market	Pair Corr
0.67	DASVX	Dunham Small Cap	Pair Corr
0.62	DCAVX	Dunham Dynamic Macro	Pair Corr
0.71	DCCGX	Dunham Porategovernment	Pair Corr
1.0	DCEMX	Dunham Emerging Markets	Pair Corr
0.92	DCFRX	Dunham Floating Rate	Pair Corr
0.72	DCIOX	Dunham International	Pair Corr
0.76	DCINX	Dunham International	Pair Corr
0.72	DCHYX	Dunham High Yield	Pair Corr
0.7	DCLVX	Dunham Large Cap	Pair Corr
0.66	DCSVX	Dunham Small Cap	Pair Corr
0.76	VEMAX	Vanguard Emerging Markets	Pair Corr
0.76	VEIEX	Vanguard Emerging Markets	Pair Corr
0.98	VEMIX	Vanguard Emerging Markets	Pair Corr
0.76	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	FWWNX	American Funds New	Pair Corr
0.97	FNFWX	American Funds New	Pair Corr

Moving against Dunham Mutual Fund

0.6

IFN

India Closed

Pair Corr

Related Correlations Analysis

	TMPFX	SCGCX	GCOZX	HIGCX	PBLIX	LGLSX	MHEFX	TFAGX
TMPFX		0.93	0.93	0.93	0.95	0.96	0.91	0.96	TMPFX
SCGCX	0.93		1.0	0.98	1.0	0.95	0.97	0.97	SCGCX
GCOZX	0.93	1.0		0.98	1.0	0.95	0.97	0.96	GCOZX
HIGCX	0.93	0.98	0.98		0.98	0.93	0.98	0.96	HIGCX
PBLIX	0.95	1.0	1.0	0.98		0.95	0.97	0.97	PBLIX
LGLSX	0.96	0.95	0.95	0.93	0.95		0.92	0.98	LGLSX
MHEFX	0.91	0.97	0.97	0.98	0.97	0.92		0.95	MHEFX
TFAGX	0.96	0.97	0.96	0.96	0.97	0.98	0.95		TFAGX
	TMPFX	SCGCX	GCOZX	HIGCX	PBLIX	LGLSX	MHEFX	TFAGX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TMPFX	0.03	0.01	0.00	(1.19)	0.00	0.00	0.10	0.00	0.10
SCGCX	0.36	0.02	(0.05)	0.14	0.23	(0.44)	0.99	(0.64)	2.07
GCOZX	0.36	0.02	(0.05)	0.15	0.18	(0.44)	0.94	(0.51)	1.92
HIGCX	0.43	0.05	0.03	0.18	0.29	(0.50)	1.02	(0.82)	2.22
PBLIX	0.40	0.05	0.02	0.18	0.21	(0.50)	1.05	(0.63)	2.23
LGLSX	0.79	0.13	0.09	0.31	0.78	(0.87)	1.54	(1.41)	4.96
MHEFX	0.39	0.09	0.02	0.41	0.00	(0.63)	1.04	(0.56)	3.68
TFAGX	0.56	0.06	0.05	0.19	0.43	(0.68)	1.17	(1.06)	3.60

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