Dunham Large Correlations

Mutual Funds . USA . 
Fund . Dunham Large Cap
DCLVX Fund  USD 19.16  0.14  0.74%   
The current 90-days correlation between Dunham Large Cap and T Rowe Price is 0.89 (i.e., Very poor diversification). The correlation of Dunham Large 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 Large Correlation With Market

Almost no diversification

The correlation between Dunham Large Cap and DJI is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Large Cap 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 Large Cap. 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

  0.89DNAVX Dunham Dynamic MacroPairCorr
  0.8DNAIX Dunham AppreciationPairCorr
  0.63DNCGX Dunham PorategovernmentPairCorr
  0.89DNDGX Dunham Small CapPairCorr
  0.9DNEMX Dunham Emerging MarketsPairCorr
  0.9DNFGX Dunham Focused LargePairCorr
  0.91DNFRX Dunham Floating RatePairCorr
  0.89DNIOX Dunham InternationalPairCorr
  0.91DNINX Dunham InternationalPairCorr
  0.96DNHYX Dunham High YieldPairCorr
  1.0DNLVX Dunham Large CapPairCorr
  0.93DNMDX Dunham Monthly DistrPairCorr
  0.95DNREX Dunham Real EstatePairCorr
  0.99DNSVX Dunham Small CapPairCorr
  0.99DNSPX Dunham Enhanced MarketPairCorr
  0.89DAAVX Dunham Dynamic MacroPairCorr
  0.7DACGX Dunham PorategovernmentPairCorr
  0.89DADGX Dunham Small CapPairCorr
  0.9DAEMX Dunham Emerging MarketsPairCorr
  0.91DAFRX Dunham Floating RatePairCorr
  0.9DAFGX Dunham Focused LargePairCorr
  0.89DAIOX Dunham InternationalPairCorr
  0.95DAINX Dunham InternationalPairCorr
  1.0DALVX Dunham Large CapPairCorr
  0.93DAMDX Dunham Monthly DistrPairCorr
  0.95DAREX Dunham Real EstatePairCorr
  0.99DASPX Dunham Enhanced MarketPairCorr
  0.86DASVX Dunham Small CapPairCorr
  0.89DCAVX Dunham Dynamic MacroPairCorr
  0.67DCAIX Dunham AppreciationPairCorr
  0.97DCDGX Dunham Small CapPairCorr
  0.9DCEMX Dunham Emerging MarketsPairCorr
  0.9DCFGX Dunham Focused LargePairCorr
  0.91DCFRX Dunham Floating RatePairCorr
  0.89DCIOX Dunham InternationalPairCorr
  0.95DCINX Dunham InternationalPairCorr
  0.9DCHYX Dunham High YieldPairCorr
  0.93DCMDX Dunham Monthly DistrPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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