Dunham Dynamic Correlations

Mutual Funds . USA . 
Fund . Dunham Dynamic Macro
DNAVX Fund  USD 12.45  0.03  0.24%   
The current 90-days correlation between Dunham Dynamic Macro and Lord Abbett Vertible is 0.75 (i.e., Poor 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 0.78 (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 real.

Moving together with Dunham Mutual Fund

  0.87DNAIX Dunham AppreciationPairCorr
  0.64DNCGX Dunham PorategovernmentPairCorr
  0.95DNDGX Dunham Small CapPairCorr
  0.96DNEMX Dunham Emerging MarketsPairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.97DNINX Dunham InternationalPairCorr
  0.94DNHYX Dunham High YieldPairCorr
  0.94DNLVX Dunham Large CapPairCorr
  0.9DNREX Dunham Real EstatePairCorr
  0.94DNSVX Dunham Small CapPairCorr
  0.97DAAVX Dunham Dynamic MacroPairCorr
  0.94DAEMX Dunham Emerging MarketsPairCorr
  0.94DAFGX Dunham Focused LargePairCorr
  0.94DAHYX Dunham High YieldPairCorr
  0.96DAINX Dunham InternationalPairCorr
  0.89DALVX Dunham Large CapPairCorr
  0.96DAMDX Dunham Monthly DistrPairCorr
  0.9DAREX Dunham Real EstatePairCorr
  0.97DCAVX Dunham Dynamic MacroPairCorr
  0.96DCEMX Dunham Emerging MarketsPairCorr
  0.97DCFGX Dunham Focused LargePairCorr
  0.97DCFRX Dunham Floating RatePairCorr
  0.97DCINX Dunham InternationalPairCorr
  0.94DCLVX Dunham Large CapPairCorr
  0.97DCMDX Dunham Monthly DistrPairCorr
  0.9DCREX Dunham Real EstatePairCorr
  0.89DCSVX Dunham Small CapPairCorr
  0.96PAALX All Asset FundPairCorr
  0.96PATRX Pimco All AssetPairCorr
  0.96PAAIX All Asset FundPairCorr
  0.96PALPX Pimco All AssetPairCorr
  0.9PASAX All Asset FundPairCorr
  0.96PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.94PAUPX Pimco All AssetPairCorr
  0.94PAUIX Pimco All AssetPairCorr

Related Correlations Analysis

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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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