Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DCAVX Fund  USD 11.37  0.05  0.44%   
The current 90-days correlation between Dunham Dynamic Macro and American Century Etf is 0.53 (i.e., Very weak diversification). The correlation of Dunham Dynamic 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 Dynamic Correlation With Market

Poor diversification

The correlation between Dunham Dynamic Macro and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Dynamic Macro 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 Dynamic Macro. 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 unemployment.

Moving together with Dunham Mutual Fund

  0.99DNAVX Dunham Dynamic MacroPairCorr
  0.84DNAIX Dunham AppreciationPairCorr
  0.92DNCGX Dunham PorategovernmentPairCorr
  0.64DNDGX Dunham Small CapPairCorr
  0.79DNEMX Dunham Emerging MarketsPairCorr
  0.73DNFGX Dunham Focused LargePairCorr
  0.81DNFRX Dunham Floating RatePairCorr
  0.89DNIOX Dunham InternationalPairCorr
  0.85DNINX Dunham InternationalPairCorr
  0.87DNHYX Dunham High YieldPairCorr
  0.79DNLVX Dunham Large CapPairCorr
  0.83DNMDX Dunham Monthly DistrPairCorr
  0.74DNSVX Dunham Small CapPairCorr
  0.81DNSPX Dunham Enhanced MarketPairCorr
  0.83DAAIX Dunham AppreciationPairCorr
  0.99DAAVX Dunham Dynamic MacroPairCorr
  0.92DACGX Dunham PorategovernmentPairCorr
  0.64DADGX Dunham Small CapPairCorr
  0.79DAEMX Dunham Emerging MarketsPairCorr
  0.79DAFRX Dunham Floating RatePairCorr
  0.72DAFGX Dunham Focused LargePairCorr
  0.87DAHYX Dunham High YieldPairCorr
  0.9DAIOX Dunham InternationalPairCorr
  0.85DAINX Dunham InternationalPairCorr
  0.79DALVX Dunham Large CapPairCorr
  0.83DAMDX Dunham Monthly DistrPairCorr
  0.81DASPX Dunham Enhanced MarketPairCorr
  0.74DASVX Dunham Small CapPairCorr
  0.83DCAIX Dunham AppreciationPairCorr
  0.92DCCGX Dunham PorategovernmentPairCorr
  0.63DCDGX Dunham Small CapPairCorr
  0.79DCEMX Dunham Emerging MarketsPairCorr
  0.72DCFGX Dunham Focused LargePairCorr
  0.8DCFRX Dunham Floating RatePairCorr
  0.9DCIOX Dunham InternationalPairCorr
  0.85DCINX Dunham InternationalPairCorr
  0.87DCHYX Dunham High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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