Dunham Floating Correlations

DCFRX Fund

USD 8.62 0.01 0.12%

The current 90-days correlation between Dunham Floating Rate and Dunham Appreciation Income is -0.13 (i.e., 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

Weak diversification

The correlation between Dunham Floating Rate and DJI is 0.33 (i.e., 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 metropolitan statistical area.

Moving together with Dunham Mutual Fund

0.94	DNAVX	Dunham Dynamic Macro	Pair Corr
0.88	DNAIX	Dunham Appreciation	Pair Corr
0.65	DNCGX	Dunham Porategovernment	Pair Corr
0.98	DNDGX	Dunham Small Cap	Pair Corr
0.96	DNEMX	Dunham Emerging Markets	Pair Corr
1.0	DNFRX	Dunham Floating Rate	Pair Corr
0.96	DNINX	Dunham International	Pair Corr
0.98	DNHYX	Dunham High Yield	Pair Corr
0.96	DNLVX	Dunham Large Cap	Pair Corr
0.94	DNREX	Dunham Real Estate	Pair Corr
0.96	DNSVX	Dunham Small Cap	Pair Corr
0.96	DAAVX	Dunham Dynamic Macro	Pair Corr
0.66	DACGX	Dunham Porategovernment	Pair Corr
0.97	DAEMX	Dunham Emerging Markets	Pair Corr
0.98	DAFGX	Dunham Focused Large	Pair Corr
0.98	DAHYX	Dunham High Yield	Pair Corr
0.98	DAINX	Dunham International	Pair Corr
0.97	DALVX	Dunham Large Cap	Pair Corr
0.96	DAMDX	Dunham Monthly Distr	Pair Corr
0.94	DAREX	Dunham Real Estate	Pair Corr
0.94	DCAVX	Dunham Dynamic Macro	Pair Corr
0.96	DCEMX	Dunham Emerging Markets	Pair Corr
0.96	DCFGX	Dunham Focused Large	Pair Corr
0.96	DCINX	Dunham International	Pair Corr
0.96	DCLVX	Dunham Large Cap	Pair Corr
0.94	DCMDX	Dunham Monthly Distr	Pair Corr
0.94	DCREX	Dunham Real Estate	Pair Corr
0.96	DCSVX	Dunham Small Cap	Pair Corr
0.98	OOSYX	Oppenheimer Senior	Pair Corr
0.98	OOSIX	Oppenheimer Senior	Pair Corr
0.98	LFRIX	Floating Rate	Pair Corr
0.99	LARCX	Floating Rate	Pair Corr
0.98	LFRRX	Lord Abbett Inv	Pair Corr
0.99	LFRFX	Floating Rate	Pair Corr
0.99	LRRRX	Floating Rate	Pair Corr
0.99	LRRTX	Floating Rate	Pair Corr
0.99	LRRVX	Floating Rate	Pair Corr
0.99	LRRKX	Floating Rate	Pair Corr

Moving against Dunham Mutual Fund

0.95	USPIX	Profunds Ultrashort	Pair Corr
0.93	USPSX	Profunds Ultrashort	Pair Corr
0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.88	TCTGX	Transamerica Cleartrack	Pair Corr
0.88	TCSUX	Cleartrack 2020 Class	Pair Corr
0.87	TDKTX	Cleartrack 2015 Class	Pair Corr
0.87	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	DAAIX	DAAVX	DACGX	DADGX	DAEMX	DAFRX	DAFGX	DAIOX	DAINX
DAAIX		-0.22	0.23	-0.24	-0.17	-0.15	-0.27	0.0	-0.15	DAAIX
DAAVX	-0.22		0.59	0.94	0.95	0.96	0.96	0.94	0.97	DAAVX
DACGX	0.23	0.59		0.6	0.65	0.65	0.57	0.71	0.66	DACGX
DADGX	-0.24	0.94	0.6		0.97	0.98	0.99	0.93	0.97	DADGX
DAEMX	-0.17	0.95	0.65	0.97		0.98	0.97	0.95	0.98	DAEMX
DAFRX	-0.15	0.96	0.65	0.98	0.98		0.98	0.96	0.98	DAFRX
DAFGX	-0.27	0.96	0.57	0.99	0.97	0.98		0.92	0.97	DAFGX
DAIOX	0.0	0.94	0.71	0.93	0.95	0.96	0.92		0.97	DAIOX
DAINX	-0.15	0.97	0.66	0.97	0.98	0.98	0.97	0.97		DAINX
	DAAIX	DAAVX	DACGX	DADGX	DAEMX	DAFRX	DAFGX	DAIOX	DAINX

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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

DAFGX	+ 0.99	DADGX
DAFRX	+ 0.98	DADGX
DAFRX	+ 0.98	DAEMX
DAINX	+ 0.98	DAEMX
DAFGX	+ 0.98	DAFRX
DAINX	+ 0.98	DAFRX

High negative correlations

DAFGX	- 0.27	DAAIX
DADGX	- 0.24	DAAIX
DAAVX	- 0.22	DAAIX
DAEMX	- 0.17	DAAIX
DAINX	- 0.15	DAAIX
DAFRX	- 0.15	DAAIX

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
DAAIX	0.07	(0.02)	0.00	(1.08)	0.00	0.00	0.11	(0.34)	0.80
DAAVX	0.21	0.05	(0.10)	(0.62)	0.17	(0.26)	0.49	(0.42)	2.38
DACGX	0.23	(0.01)	0.00	1.71	0.00	0.00	0.49	(0.49)	1.39
DADGX	1.32	0.27	0.08	(2.44)	1.82	(1.47)	2.66	(2.84)	14.01
DAEMX	0.81	0.17	0.05	(3.15)	1.24	(0.86)	2.25	(1.93)	6.07
DAFRX	0.14	0.03	(0.11)	0.74	0.12	(0.19)	0.37	(0.24)	0.84
DAFGX	1.33	0.33	0.10	(3.90)	1.81	(1.41)	2.73	(2.84)	15.33
DAIOX	0.17	0.04	(0.11)	3.63	0.10	(0.26)	0.40	(0.26)	1.32
DAINX	0.70	0.20	0.07	(8.34)	1.25	(0.73)	1.76	(1.50)	7.16

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