Dunham Focused Correlations

DNFGX Fund

USD 42.64 0.34 0.80%

The current 90-days correlation between Dunham Focused Large and Allianzgi Convertible Income is 0.81 (i.e., Very poor 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

Poor diversification

The correlation between Dunham Focused Large and DJI is 0.7 (i.e., Poor 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 rate.

Moving together with Dunham Mutual Fund

1.0	DAFGX	Dunham Focused Large	Pair Corr
1.0	DCFGX	Dunham Focused Large	Pair Corr

Moving against Dunham Mutual Fund

0.35	DNMDX	Dunham Monthly Distr	Pair Corr
0.35	DAMDX	Dunham Monthly Distr	Pair Corr
0.35	DCMDX	Dunham Monthly Distr	Pair Corr

Related Correlations Analysis

	XNCVX	NCV	CCD	GCV	VAADX
XNCVX		0.92	0.94	0.93	0.95	XNCVX
NCV	0.92		0.94	0.88	0.94	NCV
CCD	0.94	0.94		0.91	0.89	CCD
GCV	0.93	0.88	0.91		0.92	GCV
VAADX	0.95	0.94	0.89	0.92		VAADX
	XNCVX	NCV	CCD	GCV	VAADX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XNCVX	0.72	0.03	0.02	0.09	0.96	(0.75)	1.20	(1.74)	5.47
NCV	0.66	0.06	0.05	0.13	0.79	(0.66)	1.16	(1.46)	3.39
CCD	0.82	0.04	0.03	0.10	1.10	(0.82)	1.75	(2.09)	4.71
GCV	0.79	0.08	0.03	0.27	0.92	(0.85)	1.49	(1.71)	4.54
VAADX	0.67	0.07	0.07	0.15	0.84	(0.72)	1.20	(1.71)	4.60

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