Dunham Focused Correlations

Mutual Funds . USA . 
Fund . Dunham Focused Large
DNFGX Fund  USD 41.69  0.29  0.69%   
The current 90-days correlation between Dunham Focused Large and Ab Global Risk is 0.78 (i.e., 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

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
  0.79DNAIX Dunham AppreciationPairCorr
  0.97DNDGX Dunham Small CapPairCorr
  0.94DNEMX Dunham Emerging MarketsPairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.9DNIOX Dunham InternationalPairCorr
  0.95DNINX Dunham InternationalPairCorr
  0.9DNHYX Dunham High YieldPairCorr
  0.88DNLVX Dunham Large CapPairCorr
  0.94DNMDX Dunham Monthly DistrPairCorr
  0.82DNREX Dunham Real EstatePairCorr
  0.83DNSVX Dunham Small CapPairCorr
  0.97DNSPX Dunham Enhanced MarketPairCorr
  0.71DAAIX Dunham AppreciationPairCorr
  0.9DAAVX Dunham Dynamic MacroPairCorr
  0.97DADGX Dunham Small CapPairCorr
  0.94DAEMX Dunham Emerging MarketsPairCorr
  0.97DAFRX Dunham Floating RatePairCorr
  1.0DAFGX Dunham Focused LargePairCorr
  0.9DAHYX Dunham High YieldPairCorr
  0.9DAIOX Dunham InternationalPairCorr
  0.95DAINX Dunham InternationalPairCorr
  0.88DALVX Dunham Large CapPairCorr
  0.94DAMDX Dunham Monthly DistrPairCorr
  0.81DAREX Dunham Real EstatePairCorr
  0.97DASPX Dunham Enhanced MarketPairCorr
  0.82DASVX Dunham Small CapPairCorr
  0.9DCAVX Dunham Dynamic MacroPairCorr
  0.97DCDGX Dunham Small CapPairCorr
  0.94DCEMX Dunham Emerging MarketsPairCorr
  1.0DCFGX Dunham Focused LargePairCorr
  0.97DCFRX Dunham Floating RatePairCorr
  0.9DCIOX Dunham InternationalPairCorr
  0.95DCINX Dunham InternationalPairCorr
  0.89DCHYX 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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