Dunham Monthly Correlations

DAMDX Fund

USD 27.20 0.01 0.04%

The current 90-days correlation between Dunham Monthly Distr and Gabelli MultiMedia Mutual is 0.08 (i.e., Significant diversification). The correlation of Dunham Monthly 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 Monthly Correlation With Market

Weak diversification

The correlation between Dunham Monthly Distribution and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Monthly Distribution 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 Monthly Distribution. 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 services.

Moving together with Dunham Mutual Fund

0.87	DNLVX	Dunham Large Cap	Pair Corr
1.0	DNMDX	Dunham Monthly Distr	Pair Corr
0.85	VARAX	Vivaldi Merger Arbitrage	Pair Corr
0.85	VARBX	Vivaldi Merger Arbitrage	Pair Corr
0.84	VARCX	First Trust Merger	Pair Corr
0.79	HMEZX	Highland Merger Arbitrage	Pair Corr
0.79	HMEAX	Highland Merger Arbitrage	Pair Corr
0.86	NUSAX	Nationwide Government	Pair Corr
0.9	PGHAX	Putnam Global Health	Pair Corr
0.93	FRBRX	Franklin Biotechnology	Pair Corr
0.78	ETORX	Eaton Vance Oregon	Pair Corr
0.7	GABVX	Gabelli Value	Pair Corr
0.91	DLTZX	Delaware Limited Term	Pair Corr

Moving against Dunham Mutual Fund

0.45	DNREX	Dunham Real Estate	Pair Corr
0.4	MOSLX	Massmutual Select	Pair Corr

Related Correlations Analysis

	GGT	DMO	BCV	MECDX	NXDT	BWG	RYDVX	ICPAX	JNVSX	MRLTX
GGT		-0.79	-0.37	0.67	0.34	0.12	-0.6	0.28	0.6	-0.29	GGT
DMO	-0.79		0.28	-0.76	-0.44	-0.22	0.61	-0.06	-0.58	0.29	DMO
BCV	-0.37	0.28		0.08	-0.24	0.2	0.24	0.11	-0.57	0.34	BCV
MECDX	0.67	-0.76	0.08		0.17	0.09	-0.7	0.34	0.55	-0.33	MECDX
NXDT	0.34	-0.44	-0.24	0.17		0.68	0.12	-0.59	-0.07	-0.25	NXDT
BWG	0.12	-0.22	0.2	0.09	0.68		0.29	-0.44	-0.34	0.27	BWG
RYDVX	-0.6	0.61	0.24	-0.7	0.12	0.29		-0.38	-0.84	0.45	RYDVX
ICPAX	0.28	-0.06	0.11	0.34	-0.59	-0.44	-0.38		0.31	0.18	ICPAX
JNVSX	0.6	-0.58	-0.57	0.55	-0.07	-0.34	-0.84	0.31		-0.46	JNVSX
MRLTX	-0.29	0.29	0.34	-0.33	-0.25	0.27	0.45	0.18	-0.46		MRLTX
	GGT	DMO	BCV	MECDX	NXDT	BWG	RYDVX	ICPAX	JNVSX	MRLTX

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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

BWG	+ 0.68	NXDT
MECDX	+ 0.67	GGT
RYDVX	+ 0.61	DMO
JNVSX	+ 0.6	GGT
JNVSX	+ 0.55	MECDX
MRLTX	+ 0.45	RYDVX

High negative correlations

JNVSX	- 0.84	RYDVX
DMO	- 0.79	GGT
MECDX	- 0.76	DMO
RYDVX	- 0.7	MECDX
RYDVX	- 0.6	GGT
ICPAX	- 0.59	NXDT

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Monthly 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 Monthly'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
GGT	0.86	0.02	0.01	0.09	1.02	(1.02)	2.04	(1.93)	5.40
DMO	0.49	(0.06)	0.00	(0.42)	0.00	0.00	0.90	(1.01)	3.80
BCV	1.02	0.01	0.00	0.07	1.32	(1.02)	2.14	(2.27)	6.32
MECDX	0.71	0.10	0.10	0.18	0.67	(0.79)	1.16	(1.19)	9.75
NXDT	3.38	(0.06)	(0.01)	0.01	3.88	(3.74)	9.07	(5.30)	19.16
BWG	0.47	(0.06)	0.00	(0.12)	0.00	0.00	0.98	(0.94)	3.09
RYDVX	2.09	(0.99)	0.00	1.02	0.00	0.00	1.38	(1.72)	67.05
ICPAX	0.89	(0.03)	(0.02)	0.03	1.26	(0.87)	1.43	(1.97)	4.82
JNVSX	0.74	0.11	0.06	3.88	0.63	(1.05)	1.38	(1.02)	13.17
MRLTX	0.95	(0.31)	0.00	(0.18)	0.00	0.00	1.25	(1.87)	14.98

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