Dunham Large Correlations

DALVX Fund

USD 21.56 0.28 1.32%

The current 90-days correlation between Dunham Large Cap and Templeton Global Balanced is 0.08 (i.e., Significant diversification). The correlation of Dunham Large 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 Large Correlation With Market

Good diversification

The correlation between Dunham Large Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Large 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 Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Dunham Mutual Fund

0.76	FTCAX	Templeton Strained Bond	Pair Corr
0.79	GPICX	Guidepath Conservative	Pair Corr
0.64	INTC	Intel Aggressive Push	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.64	AXP	American Express	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr

Moving against Dunham Mutual Fund

0.72	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.71	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.58	PDI	Pimco Dynamic Income	Pair Corr
0.54	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.57	HD	Home Depot	Pair Corr
0.55	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	TINCX	PRSAX	HRLAX	FSBKX	BXFIX	DHGAX	CABIX
TINCX		0.83	0.86	0.97	0.73	0.77	0.93	TINCX
PRSAX	0.83		0.76	0.84	0.85	0.89	0.91	PRSAX
HRLAX	0.86	0.76		0.81	0.7	0.72	0.82	HRLAX
FSBKX	0.97	0.84	0.81		0.75	0.77	0.94	FSBKX
BXFIX	0.73	0.85	0.7	0.75		0.58	0.7	BXFIX
DHGAX	0.77	0.89	0.72	0.77	0.58		0.9	DHGAX
CABIX	0.93	0.91	0.82	0.94	0.7	0.9		CABIX
	TINCX	PRSAX	HRLAX	FSBKX	BXFIX	DHGAX	CABIX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Large 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 Large'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
TINCX	0.37	0.02	0.01	0.05	0.43	(0.50)	0.72	(0.73)	2.16
PRSAX	0.08	0.02	(0.02)	0.41	0.00	(0.14)	0.20	(0.10)	0.69
HRLAX	0.28	0.03	0.03	0.12	0.30	(0.31)	0.62	(0.61)	1.55
FSBKX	0.37	0.02	0.02	0.06	0.54	(0.34)	0.81	(0.88)	2.25
BXFIX	0.07	0.01	(0.07)	0.18	0.00	(0.28)	0.12	(0.12)	1.07
DHGAX	0.12	0.01	(0.04)	1.75	0.00	(0.14)	0.25	(0.20)	0.73
CABIX	0.35	0.03	0.05	0.10	0.40	(0.35)	0.71	(0.71)	2.00

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