Dunham Monthly Correlations

DNMDX Fund

USD 29.17 0.01 0.03%

The current 90-days correlation between Dunham Monthly Distr and Eaton Vance Diversified is -0.12 (i.e., Good 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

Weak diversification

The correlation between Dunham Monthly Distribution and DJI is 0.35 (i.e., Weak 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 banks.

Moving together with Dunham Mutual Fund

0.62	DNCGX	Dunham Porategovernment	Pair Corr
0.7	DNIOX	Dunham International	Pair Corr
0.7	DNINX	Dunham International	Pair Corr
0.74	DNLVX	Dunham Large Cap	Pair Corr
0.7	DAINX	Dunham International	Pair Corr
0.69	DCINX	Dunham International	Pair Corr
1.0	DCMDX	Dunham Monthly Distr	Pair Corr
0.92	MERIX	Merger Fund	Pair Corr
0.92	MERFX	Merger Fund	Pair Corr
0.88	VARAX	Vivaldi Merger Arbitrage	Pair Corr
0.89	VARBX	Vivaldi Merger Arbitrage	Pair Corr
0.87	VARCX	First Trust Merger	Pair Corr
0.92	ARBCX	The Arbitrage	Pair Corr
0.93	ARBNX	The Arbitrage	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.61	SMPIX	Semiconductor Ultrasector	Pair Corr

Moving against Dunham Mutual Fund

0.4	DNREX	Dunham Real Estate	Pair Corr
0.34	DASVX	Dunham Small Cap	Pair Corr
0.32	DNFGX	Dunham Focused Large	Pair Corr

Related Correlations Analysis

	EIIMX	LIGFX	PDNIX	MDBLX	MDBYX
EIIMX		0.81	0.94	0.84	0.86	EIIMX
LIGFX	0.81		0.84	0.92	0.92	LIGFX
PDNIX	0.94	0.84		0.9	0.89	PDNIX
MDBLX	0.84	0.92	0.9		0.97	MDBLX
MDBYX	0.86	0.92	0.89	0.97		MDBYX
	EIIMX	LIGFX	PDNIX	MDBLX	MDBYX

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
EIIMX	0.13	0.02	(0.18)	0.46	0.00	(0.19)	0.30	(0.29)	0.74
LIGFX	0.23	0.01	(0.08)	0.09	0.19	(0.27)	0.48	(0.36)	1.46
PDNIX	0.14	0.03	(0.11)	0.50	0.00	(0.20)	0.31	(0.20)	0.82
MDBLX	0.15	0.03	(0.13)	0.88	0.00	(0.19)	0.36	(0.24)	0.83
MDBYX	0.15	0.03	(0.14)	0.58	0.00	(0.20)	0.35	(0.24)	0.83

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