Dunham Focused Correlations

Mutual Funds . USA . 
Fund . Dunham Focused Large
DCFGX Fund  USD 36.18  0.48  1.31%   
The current 90-days correlation between Dunham Focused Large and Abs Insights Emerging is 0.33 (i.e., Weak diversification). The correlation of Dunham Focused 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 Focused Correlation With Market

Poor diversification

The correlation between Dunham Focused Large and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Focused Large 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 Focused Large. 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 rate.

Moving together with Dunham Mutual Fund

  0.63DNAVX Dunham Dynamic MacroPairCorr
  0.67DNAIX Dunham AppreciationPairCorr
  0.71DNCGX Dunham PorategovernmentPairCorr
  0.86DNDGX Dunham Small CapPairCorr
  0.85DNEMX Dunham Emerging MarketsPairCorr
  1.0DNFGX Dunham Focused LargePairCorr
  0.83DNFRX Dunham Floating RatePairCorr
  0.75DNIOX Dunham InternationalPairCorr
  0.75DNINX Dunham InternationalPairCorr
  0.8DNHYX Dunham High YieldPairCorr
  0.85DNLVX Dunham Large CapPairCorr
  0.8DNMDX Dunham Monthly DistrPairCorr
  0.76DNSVX Dunham Small CapPairCorr
  0.88DNSPX Dunham Enhanced MarketPairCorr
  0.66DAAIX Dunham AppreciationPairCorr
  0.62DAAVX Dunham Dynamic MacroPairCorr
  0.73DACGX Dunham PorategovernmentPairCorr
  0.86DADGX Dunham Small CapPairCorr
  0.85DAEMX Dunham Emerging MarketsPairCorr
  0.85DAFRX Dunham Floating RatePairCorr
  1.0DAFGX Dunham Focused LargePairCorr
  0.8DAHYX Dunham High YieldPairCorr
  0.73DAIOX Dunham InternationalPairCorr
  0.75DAINX Dunham InternationalPairCorr
  0.85DALVX Dunham Large CapPairCorr
  0.8DAMDX Dunham Monthly DistrPairCorr
  0.88DASPX Dunham Enhanced MarketPairCorr
  0.76DASVX Dunham Small CapPairCorr
  0.61DCAIX Dunham AppreciationPairCorr
  0.71DCCGX Dunham PorategovernmentPairCorr
  0.86DCDGX Dunham Small CapPairCorr
  0.85DCEMX Dunham Emerging MarketsPairCorr
  0.85DCFRX Dunham Floating RatePairCorr
  0.73DCIOX Dunham InternationalPairCorr
  0.75DCINX Dunham InternationalPairCorr
  0.81DCHYX Dunham High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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