Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DNAVX Fund  USD 12.51  0.03  0.24%   
The current 90-days correlation between Dunham Dynamic Macro and World Precious Minerals is 0.1 (i.e., Average 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

  0.88DNAIX Dunham AppreciationPairCorr
  0.93DNCGX Dunham PorategovernmentPairCorr
  0.83DNEMX Dunham Emerging MarketsPairCorr
  0.61DNFGX Dunham Focused LargePairCorr
  0.84DNFRX Dunham Floating RatePairCorr
  0.91DNIOX Dunham InternationalPairCorr
  0.89DNINX Dunham InternationalPairCorr
  0.87DNHYX Dunham High YieldPairCorr
  0.8DNLVX Dunham Large CapPairCorr
  0.86DNMDX Dunham Monthly DistrPairCorr
  0.76DNSVX Dunham Small CapPairCorr
  0.84DNSPX Dunham Enhanced MarketPairCorr
  0.89DAAIX Dunham AppreciationPairCorr
  0.91DAAVX Dunham Dynamic MacroPairCorr
  0.9DACGX Dunham PorategovernmentPairCorr
  0.8DAEMX Dunham Emerging MarketsPairCorr
  0.82DAFRX Dunham Floating RatePairCorr
  0.87DAHYX Dunham High YieldPairCorr
  0.91DAIOX Dunham InternationalPairCorr
  0.85DAINX Dunham InternationalPairCorr
  0.75DALVX Dunham Large CapPairCorr
  0.86DAMDX Dunham Monthly DistrPairCorr
  0.8DASPX Dunham Enhanced MarketPairCorr
  0.71DASVX Dunham Small CapPairCorr
  0.99DCAVX Dunham Dynamic MacroPairCorr
  0.89DCAIX Dunham AppreciationPairCorr
  0.93DCCGX Dunham PorategovernmentPairCorr
  0.82DCEMX Dunham Emerging MarketsPairCorr
  0.83DCFRX Dunham Floating RatePairCorr
  0.92DCIOX Dunham InternationalPairCorr
  0.89DCINX Dunham InternationalPairCorr
  0.88DCHYX 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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