Dunham Monthly Correlations

DAMDX Fund

USD 27.12 0.04 0.15%

The current 90-days correlation between Dunham Monthly Distr and Dreyfus Opportunistic Small is 0.25 (i.e., Modest diversification). The correlation of Dunham Monthly 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 Monthly Correlation With Market

Good diversification

The correlation between Dunham Monthly Distribution and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Monthly Distribution 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 Monthly Distribution. 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 services.

Moving together with Dunham Mutual Fund

0.75	DNCGX	Dunham Porategovernment	Pair Corr
0.84	DNDGX	Dunham Small Cap	Pair Corr
0.85	DNEMX	Dunham Emerging Markets	Pair Corr
0.78	DNIOX	Dunham International	Pair Corr
0.87	DNINX	Dunham International	Pair Corr
0.85	DNLVX	Dunham Large Cap	Pair Corr
0.98	DNMDX	Dunham Monthly Distr	Pair Corr
0.88	DNSPX	Dunham Enhanced Market	Pair Corr
0.61	DAAIX	Dunham Appreciation	Pair Corr
0.75	DACGX	Dunham Porategovernment	Pair Corr
0.85	DADGX	Dunham Small Cap	Pair Corr
0.85	DAEMX	Dunham Emerging Markets	Pair Corr
0.77	DAIOX	Dunham International	Pair Corr
0.87	DAINX	Dunham International	Pair Corr
0.85	DALVX	Dunham Large Cap	Pair Corr
0.88	DASPX	Dunham Enhanced Market	Pair Corr
0.75	DCCGX	Dunham Porategovernment	Pair Corr
0.84	DCDGX	Dunham Small Cap	Pair Corr
0.85	DCEMX	Dunham Emerging Markets	Pair Corr
0.76	DCIOX	Dunham International	Pair Corr
0.87	DCINX	Dunham International	Pair Corr

Related Correlations Analysis

	DSCVX	LVOLX	LGI	HSFNX	JRS	ADNRX	SKSEX	DHY	TSI
DSCVX		0.53	0.63	0.64	0.63	0.13	0.91	0.22	0.39	DSCVX
LVOLX	0.53		0.55	0.08	0.76	0.75	0.72	-0.01	0.66	LVOLX
LGI	0.63	0.55		0.45	0.53	0.29	0.64	-0.04	0.27	LGI
HSFNX	0.64	0.08	0.45		0.41	-0.23	0.5	0.17	0.19	HSFNX
JRS	0.63	0.76	0.53	0.41		0.58	0.8	0.1	0.78	JRS
ADNRX	0.13	0.75	0.29	-0.23	0.58		0.44	-0.01	0.61	ADNRX
SKSEX	0.91	0.72	0.64	0.5	0.8	0.44		0.12	0.58	SKSEX
DHY	0.22	-0.01	-0.04	0.17	0.1	-0.01	0.12		0.18	DHY
TSI	0.39	0.66	0.27	0.19	0.78	0.61	0.58	0.18		TSI
	DSCVX	LVOLX	LGI	HSFNX	JRS	ADNRX	SKSEX	DHY	TSI

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SKSEX	+ 0.91	DSCVX
SKSEX	+ 0.8	JRS
TSI	+ 0.78	JRS
JRS	+ 0.76	LVOLX
ADNRX	+ 0.75	LVOLX
SKSEX	+ 0.72	LVOLX

High negative correlations

ADNRX	- 0.23	HSFNX
DHY	- 0.04	LGI
DHY	- 0.01	ADNRX
DHY	- 0.01	LVOLX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Monthly 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 Monthly'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
DSCVX	0.80	0.09	(0.05)	(0.52)	0.86	(0.90)	1.96	(1.69)	6.71
LVOLX	0.36	0.06	(0.13)	(0.49)	0.43	(0.40)	0.87	(0.97)	2.54
LGI	0.53	(0.03)	(0.08)	0.08	0.76	(0.51)	1.00	(0.91)	4.33
HSFNX	1.13	(0.11)	0.00	0.06	1.36	(1.41)	3.36	(1.68)	11.72
JRS	0.61	0.03	(0.02)	0.16	0.44	(0.84)	1.36	(0.86)	4.72
ADNRX	1.58	(0.11)	0.01	0.07	2.03	(1.73)	3.54	(3.95)	9.44
SKSEX	0.75	0.09	(0.05)	(1.09)	0.75	(0.88)	1.92	(1.24)	6.16
DHY	0.50	0.00	0.00	0.14	0.00	0.00	0.98	(0.97)	3.39
TSI	0.24	0.00	(0.31)	0.52	0.24	(0.34)	0.61	(0.60)	1.43

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