Dunham Floating Correlations

Mutual Funds . USA . 
Fund . Dunham Floating Rate
DNFRX Fund  USD 8.65  0.01  0.12%   
The current 90-days correlation between Dunham Floating Rate and Lord Abbett Diversified is 0.59 (i.e., Very weak diversification). The correlation of Dunham Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between Dunham Floating Rate and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Floating Rate 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 Floating Rate. 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 metropolitan statistical area.

Moving together with Dunham Mutual Fund

  0.97DNAVX Dunham Dynamic MacroPairCorr
  0.87DNAIX Dunham AppreciationPairCorr
  0.71DNCGX Dunham PorategovernmentPairCorr
  0.98DNDGX Dunham Small CapPairCorr
  0.98DNEMX Dunham Emerging MarketsPairCorr
  0.98DNFGX Dunham Focused LargePairCorr
  0.98DNIOX Dunham InternationalPairCorr
  0.98DNHYX Dunham High YieldPairCorr
  0.98DNLVX Dunham Large CapPairCorr
  0.98DNMDX Dunham Monthly DistrPairCorr
  0.94DNREX Dunham Real EstatePairCorr
  0.98DNSVX Dunham Small CapPairCorr
  0.98DNSPX Dunham Enhanced MarketPairCorr
  0.97DAAVX Dunham Dynamic MacroPairCorr
  0.97DAEMX Dunham Emerging MarketsPairCorr
  0.99DAFRX Dunham Floating RatePairCorr
  0.98DAHYX Dunham High YieldPairCorr
  0.98DAMDX Dunham Monthly DistrPairCorr
  0.94DAREX Dunham Real EstatePairCorr
  0.96DCAVX Dunham Dynamic MacroPairCorr
  1.0DCFRX Dunham Floating RatePairCorr
  0.98DCINX Dunham InternationalPairCorr
  0.98DCLVX Dunham Large CapPairCorr
  0.98DCMDX Dunham Monthly DistrPairCorr
  0.94DCREX Dunham Real EstatePairCorr
  0.98DCSPX Dunham Enhanced MarketPairCorr
  0.98OOSYX Oppenheimer SeniorPairCorr
  0.99OOSIX Oppenheimer SeniorPairCorr
  0.99LFRIX Floating RatePairCorr
  0.98LARCX Floating RatePairCorr
  0.99LFRRX Lord Abbett InvPairCorr
  0.99LFRFX Floating RatePairCorr
  0.99LRRRX Floating RatePairCorr
  0.99LRRTX Floating RatePairCorr
  0.99LRRVX Floating RatePairCorr
  0.99LRRKX Floating RatePairCorr
  0.63GAAKX Gmo Alternative AlloPairCorr
  0.62GAAGX Gmo Alternative AlloPairCorr

Moving against Dunham Mutual Fund

  0.58GPMFX Guidepath Managed FuturesPairCorr
  0.58PQTAX Pimco Trends ManagedPairCorr
  0.57PQTIX Aa Pimco TrPairCorr
  0.51PQTNX Pimco Trends ManagedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY