Dunham Focused Correlations

Mutual Funds . USA . 
Fund . Dunham Focused Large
DCFGX Fund  USD 34.48  0.23  0.66%   
The current 90-days correlation between Dunham Focused Large and Dreyfusstandish Global Fixed is -0.33 (i.e., Very good diversification). The correlation of Dunham Focused 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 Focused Correlation With Market

Almost no diversification

The correlation between Dunham Focused Large and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Focused Large 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 Focused Large. 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 price.

Moving together with Dunham Mutual Fund

  0.9DNAVX Dunham Dynamic MacroPairCorr
  0.8DNAIX Dunham AppreciationPairCorr
  0.97DNDGX Dunham Small CapPairCorr
  0.94DNEMX Dunham Emerging MarketsPairCorr
  1.0DNFGX Dunham Focused LargePairCorr
  0.94DNFRX Dunham Floating RatePairCorr
  0.89DNIOX Dunham InternationalPairCorr
  0.95DNINX Dunham InternationalPairCorr
  0.83DNHYX Dunham High YieldPairCorr
  0.84DNLVX Dunham Large CapPairCorr
  0.92DNMDX Dunham Monthly DistrPairCorr
  0.81DNREX Dunham Real EstatePairCorr
  0.84DNSVX Dunham Small CapPairCorr
  0.97DNSPX Dunham Enhanced MarketPairCorr
  0.72DAAIX Dunham AppreciationPairCorr
  0.89DAAVX Dunham Dynamic MacroPairCorr
  0.92DADGX Dunham Small CapPairCorr
  0.9DAEMX Dunham Emerging MarketsPairCorr
  0.94DAFRX Dunham Floating RatePairCorr
  0.96DAFGX Dunham Focused LargePairCorr
  0.87DAHYX Dunham High YieldPairCorr
  0.88DAIOX Dunham InternationalPairCorr
  0.91DAINX Dunham InternationalPairCorr
  0.81DALVX Dunham Large CapPairCorr
  0.92DAMDX Dunham Monthly DistrPairCorr
  0.75DAREX Dunham Real EstatePairCorr
  0.91DASPX Dunham Enhanced MarketPairCorr
  0.76DASVX Dunham Small CapPairCorr
  0.9DCAVX Dunham Dynamic MacroPairCorr
  0.97DCDGX Dunham Small CapPairCorr
  0.94DCEMX Dunham Emerging MarketsPairCorr
  0.97DCFRX Dunham Floating RatePairCorr
  0.89DCIOX Dunham InternationalPairCorr
  0.95DCINX Dunham InternationalPairCorr
  0.9DCHYX Dunham High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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