Dunham Small Correlations

DNDGX Fund

USD 22.75 0.14 0.61%

The current 90-days correlation between Dunham Small Cap and Seafarer Overseas Growth is 0.52 (i.e., Very weak diversification). The correlation of Dunham Small 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 Small Correlation With Market

Poor diversification

The correlation between Dunham Small Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Small 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 Small 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 price.

Moving together with Dunham Mutual Fund

0.61	DNINX	Dunham International	Pair Corr
0.79	DNHYX	Dunham High Yield	Pair Corr
0.82	DNLVX	Dunham Large Cap	Pair Corr
0.9	DNSVX	Dunham Small Cap	Pair Corr
0.85	DADGX	Dunham Small Cap	Pair Corr
0.66	DAHYX	Dunham High Yield	Pair Corr
0.68	DALVX	Dunham Large Cap	Pair Corr
0.78	DASVX	Dunham Small Cap	Pair Corr
0.95	DCDGX	Dunham Small Cap	Pair Corr
0.78	DCHYX	Dunham High Yield	Pair Corr

Related Correlations Analysis

	SFGIX	EMILX	SEKRX	TEOJX	REMVX	MKDCX
SFGIX		0.67	0.48	0.64	0.92	0.84	SFGIX
EMILX	0.67		0.7	0.83	0.85	0.82	EMILX
SEKRX	0.48	0.7		0.53	0.57	0.78	SEKRX
TEOJX	0.64	0.83	0.53		0.68	0.75	TEOJX
REMVX	0.92	0.85	0.57	0.68		0.88	REMVX
MKDCX	0.84	0.82	0.78	0.75	0.88		MKDCX
	SFGIX	EMILX	SEKRX	TEOJX	REMVX	MKDCX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Small 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 Small'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
SFGIX	0.51	0.09	0.08	0.22	0.52	(0.57)	1.16	(1.05)	2.55
EMILX	0.82	0.03	0.02	0.09	0.97	(0.96)	1.80	(1.16)	4.98
SEKRX	0.85	0.07	0.02	0.51	1.15	(0.83)	2.17	(1.66)	4.94
TEOJX	0.72	0.01	0.00	0.07	1.00	(0.81)	1.45	(1.50)	4.91
REMVX	0.68	0.12	0.10	0.23	0.69	(0.83)	1.47	(0.86)	4.38
MKDCX	0.82	0.12	0.06	0.61	0.94	(0.87)	1.57	(1.36)	4.88

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Dunham Small Correlations

Dunham Small Correlation With Market

Poor diversification

Moving together with Dunham Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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