Dunham Emerging Correlations

Mutual Funds . USA . 
Fund . Dunham Emerging Markets
DAEMX Fund  USD 16.72  0.14  0.84%   
The current 90-days correlation between Dunham Emerging Markets and Alphacentric Lifesci Healthcare is 0.28 (i.e., Modest diversification). The correlation of Dunham Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Dunham Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Emerging Markets 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 Emerging Markets. 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 industry.

Moving together with Dunham Mutual Fund

  0.76DNAIX Dunham AppreciationPairCorr
  0.71DNCGX Dunham PorategovernmentPairCorr
  0.81DNDGX Dunham Small CapPairCorr
  0.95DNEMX Dunham Emerging MarketsPairCorr
  0.81DNIOX Dunham InternationalPairCorr
  0.94DNINX Dunham InternationalPairCorr
  0.7DNLVX Dunham Large CapPairCorr
  0.9DNSPX Dunham Enhanced MarketPairCorr
  0.74DAAIX Dunham AppreciationPairCorr
  0.78DACGX Dunham PorategovernmentPairCorr
  0.81DADGX Dunham Small CapPairCorr
  0.87DAIOX Dunham InternationalPairCorr
  0.9DAINX Dunham InternationalPairCorr
  0.81DALVX Dunham Large CapPairCorr
  0.94DASPX Dunham Enhanced MarketPairCorr
  0.68DCCGX Dunham PorategovernmentPairCorr
  0.67DCDGX Dunham Small CapPairCorr
  0.95DCEMX Dunham Emerging MarketsPairCorr
  0.78DCIOX Dunham InternationalPairCorr
  0.88DCINX Dunham InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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