Dunham International Correlations

Mutual Funds . USA . 
Fund . Dunham International Opportunity
DNIOX Fund  USD 7.91  0.01  0.13%   
The current 90-days correlation between Dunham International and College Retirement Equities is 0.09 (i.e., Significant diversification). The correlation of Dunham International 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 International Correlation With Market

Very weak diversification

The correlation between Dunham International Opportuni and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham International Opportuni 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 International Opportunity. 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 persons.

Moving together with Dunham Mutual Fund

  0.93DNAVX Dunham Dynamic MacroPairCorr
  0.96DNAIX Dunham AppreciationPairCorr
  0.84DNCGX Dunham PorategovernmentPairCorr
  0.95DNDGX Dunham Small CapPairCorr
  0.96DNEMX Dunham Emerging MarketsPairCorr
  0.95DNFGX Dunham Focused LargePairCorr
  0.97DNFRX Dunham Floating RatePairCorr
  0.98DNINX Dunham InternationalPairCorr
  0.99DNHYX Dunham High YieldPairCorr
  0.97DNLVX Dunham Large CapPairCorr
  0.97DNMDX Dunham Monthly DistrPairCorr
  0.93DNREX Dunham Real EstatePairCorr
  0.96DNSVX Dunham Small CapPairCorr
  0.96DNSPX Dunham Enhanced MarketPairCorr
  0.95DAAIX Dunham AppreciationPairCorr
  0.93DAAVX Dunham Dynamic MacroPairCorr
  0.84DACGX Dunham PorategovernmentPairCorr
  0.95DADGX Dunham Small CapPairCorr
  0.96DAEMX Dunham Emerging MarketsPairCorr
  0.97DAFRX Dunham Floating RatePairCorr
  0.94DAFGX Dunham Focused LargePairCorr
  0.99DAHYX Dunham High YieldPairCorr
  1.0DAIOX Dunham InternationalPairCorr
  0.98DAINX Dunham InternationalPairCorr
  0.96DALVX Dunham Large CapPairCorr
  0.97DAMDX Dunham Monthly DistrPairCorr
  0.93DAREX Dunham Real EstatePairCorr
  0.95DASPX Dunham Enhanced MarketPairCorr
  0.96DASVX Dunham Small CapPairCorr
  0.92DCAVX Dunham Dynamic MacroPairCorr
  0.95DCAIX Dunham AppreciationPairCorr
  0.8DCCGX Dunham PorategovernmentPairCorr
  0.96DCDGX Dunham Small CapPairCorr
  0.96DCEMX Dunham Emerging MarketsPairCorr
  0.95DCFGX Dunham Focused LargePairCorr
  0.98DCFRX Dunham Floating RatePairCorr
  1.0DCIOX Dunham InternationalPairCorr
  0.98DCINX Dunham InternationalPairCorr
  0.99DCHYX Dunham High YieldPairCorr

Moving against Dunham Mutual Fund

  0.5XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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