Dunham Floating Correlations

Mutual Funds . USA . 
Fund . Dunham Floating Rate
DAFRX Fund  USD 8.63  0.01  0.12%   
The current 90-days correlation between Dunham Floating Rate and Needham Aggressive Growth is 0.2 (i.e., Modest diversification). The correlation of Dunham Floating 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 Floating Correlation With Market

Average diversification

The correlation between Dunham Floating Rate and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Floating Rate 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 Floating Rate. 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 metropolitan statistical area.

Moving together with Dunham Mutual Fund

  0.96DNAVX Dunham Dynamic MacroPairCorr
  0.87DNAIX Dunham AppreciationPairCorr
  0.72DNCGX Dunham PorategovernmentPairCorr
  0.97DNDGX Dunham Small CapPairCorr
  0.97DNEMX Dunham Emerging MarketsPairCorr
  0.97DNFGX Dunham Focused LargePairCorr
  0.99DNFRX Dunham Floating RatePairCorr
  0.97DNIOX Dunham InternationalPairCorr
  0.98DNHYX Dunham High YieldPairCorr
  0.97DNLVX Dunham Large CapPairCorr
  0.97DNMDX Dunham Monthly DistrPairCorr
  0.95DNREX Dunham Real EstatePairCorr
  0.97DNSVX Dunham Small CapPairCorr
  0.97DNSPX Dunham Enhanced MarketPairCorr
  0.97DAAVX Dunham Dynamic MacroPairCorr
  0.98DAEMX Dunham Emerging MarketsPairCorr
  0.98DAHYX Dunham High YieldPairCorr
  0.97DAMDX Dunham Monthly DistrPairCorr
  0.95DAREX Dunham Real EstatePairCorr
  0.95DCAVX Dunham Dynamic MacroPairCorr
  0.99DCFRX Dunham Floating RatePairCorr
  0.97DCINX Dunham InternationalPairCorr
  0.97DCLVX Dunham Large CapPairCorr
  0.98DCMDX Dunham Monthly DistrPairCorr
  0.95DCREX Dunham Real EstatePairCorr
  0.97DCSPX Dunham Enhanced MarketPairCorr
  0.98OOSYX Oppenheimer SeniorPairCorr
  0.98OOSIX Oppenheimer SeniorPairCorr
  0.98LFRIX Floating RatePairCorr
  0.99LARCX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFRFX Floating RatePairCorr
  0.99LRRRX Floating RatePairCorr
  0.99LRRTX Floating RatePairCorr
  0.98LRRVX Floating RatePairCorr
  0.99LRRKX Floating RatePairCorr
  0.62GAAKX Gmo Alternative AlloPairCorr
  0.61GAAGX Gmo Alternative AlloPairCorr

Moving against Dunham Mutual Fund

  0.57PQTAX Pimco Trends ManagedPairCorr
  0.56PQTIX Aa Pimco TrPairCorr
  0.54GPMFX Guidepath Managed FuturesPairCorr
  0.51PQTNX Pimco Trends ManagedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Floating 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 Floating'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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