Dunham Small Correlations

Mutual Funds . USA . 
Fund . Dunham Small Cap
DNDGX Fund  USD 21.04  0.28  1.35%   
The current 90-days correlation between Dunham Small Cap and Ridgeworth Seix Government is -0.15 (i.e., Good 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

Very poor diversification

The correlation between Dunham Small Cap and DJI is 0.85 (i.e., Very 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 rate.

Moving together with Dunham Mutual Fund

  0.64DNAVX Dunham Dynamic MacroPairCorr
  0.7DNAIX Dunham AppreciationPairCorr
  0.71DNCGX Dunham PorategovernmentPairCorr
  0.82DNEMX Dunham Emerging MarketsPairCorr
  0.91DNFGX Dunham Focused LargePairCorr
  0.79DNFRX Dunham Floating RatePairCorr
  0.69DNIOX Dunham InternationalPairCorr
  0.76DNINX Dunham InternationalPairCorr
  0.82DNHYX Dunham High YieldPairCorr
  0.91DNLVX Dunham Large CapPairCorr
  0.76DNMDX Dunham Monthly DistrPairCorr
  0.92DNSVX Dunham Small CapPairCorr
  0.87DNSPX Dunham Enhanced MarketPairCorr
  0.67DAAIX Dunham AppreciationPairCorr
  0.63DAAVX Dunham Dynamic MacroPairCorr
  0.72DACGX Dunham PorategovernmentPairCorr
  1.0DADGX Dunham Small CapPairCorr
  0.79DAEMX Dunham Emerging MarketsPairCorr
  0.81DAFRX Dunham Floating RatePairCorr
  0.85DAFGX Dunham Focused LargePairCorr
  0.82DAHYX Dunham High YieldPairCorr
  0.69DAIOX Dunham InternationalPairCorr
  0.75DAINX Dunham InternationalPairCorr
  0.87DALVX Dunham Large CapPairCorr
  0.75DAMDX Dunham Monthly DistrPairCorr
  0.83DASPX Dunham Enhanced MarketPairCorr
  0.87DASVX Dunham Small CapPairCorr
  0.61DCAVX Dunham Dynamic MacroPairCorr
  0.64DCAIX Dunham AppreciationPairCorr
  0.71DCCGX Dunham PorategovernmentPairCorr
  1.0DCDGX Dunham Small CapPairCorr
  0.82DCEMX Dunham Emerging MarketsPairCorr
  0.91DCFGX Dunham Focused LargePairCorr
  0.8DCFRX Dunham Floating RatePairCorr
  0.69DCIOX Dunham InternationalPairCorr
  0.76DCINX Dunham InternationalPairCorr
  0.84DCHYX Dunham High YieldPairCorr

Related Correlations Analysis


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.

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