Dunham Floating Correlations

DAFRX Fund

USD 8.41 0.01 0.12%

The current 90-days correlation between Dunham Floating Rate and Dunham High Yield is -0.26 (i.e., Very good 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

Very weak diversification

The correlation between Dunham Floating Rate and DJI is 0.44 (i.e., Very weak 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 real.

Moving together with Dunham Mutual Fund

0.72	DNAVX	Dunham Dynamic Macro	Pair Corr
0.63	DNAIX	Dunham Appreciation	Pair Corr
0.61	DNEMX	Dunham Emerging Markets	Pair Corr
0.76	DNFGX	Dunham Focused Large	Pair Corr
0.94	DNFRX	Dunham Floating Rate	Pair Corr
0.61	DNHYX	Dunham High Yield	Pair Corr
0.62	DNLVX	Dunham Large Cap	Pair Corr
0.72	DNSPX	Dunham Enhanced Market	Pair Corr
0.68	DAAIX	Dunham Appreciation	Pair Corr
0.72	DAAVX	Dunham Dynamic Macro	Pair Corr
0.61	DAEMX	Dunham Emerging Markets	Pair Corr
0.77	DAFGX	Dunham Focused Large	Pair Corr
0.62	DAHYX	Dunham High Yield	Pair Corr
0.62	DALVX	Dunham Large Cap	Pair Corr
0.63	DCDGX	Dunham Small Cap	Pair Corr
0.61	DCEMX	Dunham Emerging Markets	Pair Corr
0.78	DCFGX	Dunham Focused Large	Pair Corr
0.91	DCFRX	Dunham Floating Rate	Pair Corr
0.63	DCHYX	Dunham High Yield	Pair Corr

Moving against Dunham Mutual Fund

0.72

DASPX

Dunham Enhanced Market

Pair Corr

Related Correlations Analysis

	DNAVX	DNAIX	DNCGX	DNDGX	DNEMX	DNFGX	DNIOX	DNINX	DNHYX
DNAVX		0.9	0.73	0.89	0.9	0.78	0.82	0.29	0.93	DNAVX
DNAIX	0.9		0.72	0.92	0.94	0.57	0.86	0.59	0.93	DNAIX
DNCGX	0.73	0.72		0.79	0.78	0.37	0.79	0.53	0.83	DNCGX
DNDGX	0.89	0.92	0.79		0.9	0.64	0.79	0.54	0.97	DNDGX
DNEMX	0.9	0.94	0.78	0.9		0.53	0.95	0.66	0.91	DNEMX
DNFGX	0.78	0.57	0.37	0.64	0.53		0.4	-0.13	0.66	DNFGX
DNIOX	0.82	0.86	0.79	0.79	0.95	0.4		0.67	0.83	DNIOX
DNINX	0.29	0.59	0.53	0.54	0.66	-0.13	0.67		0.5	DNINX
DNHYX	0.93	0.93	0.83	0.97	0.91	0.66	0.83	0.5		DNHYX
	DNAVX	DNAIX	DNCGX	DNDGX	DNEMX	DNFGX	DNIOX	DNINX	DNHYX

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

DNHYX	+ 0.97	DNDGX
DNIOX	+ 0.95	DNEMX
DNEMX	+ 0.94	DNAIX
DNHYX	+ 0.93	DNAVX
DNHYX	+ 0.93	DNAIX
DNDGX	+ 0.92	DNAIX

High negative correlations

DNINX

- 0.13

DNFGX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DNAVX	0.39	0.19	0.43	(2.33)	0.00	(0.57)	0.35	(0.39)	12.16
DNAIX	0.04	0.00	(0.47)	0.03	0.00	(0.11)	0.11	(0.11)	0.23
DNCGX	0.13	0.02	(0.23)	0.47	0.00	(0.18)	0.32	(0.24)	0.63
DNDGX	1.05	0.15	0.11	0.18	1.09	(1.15)	2.22	(1.87)	6.54
DNEMX	0.79	0.16	0.15	0.29	0.66	(0.93)	1.69	(1.32)	4.69
DNFGX	1.19	(0.06)	0.00	(0.05)	0.00	0.00	1.87	(2.47)	20.62
DNIOX	0.10	0.01	(0.26)	0.17	0.00	(0.16)	0.25	(0.13)	0.76
DNINX	0.80	0.04	0.02	0.11	1.83	(0.74)	1.46	(1.47)	9.91
DNHYX	0.11	0.01	(0.27)	0.19	0.00	(0.15)	0.23	(0.23)	0.46

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