Dunham Appreciation Correlations

DAAIX Fund

USD 8.81 0.01 0.11%

The current 90-days correlation between Dunham Appreciation and Fidelity Real Estate is -0.11 (i.e., Good diversification). The correlation of Dunham Appreciation 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 Appreciation Correlation With Market

Very good diversification

The correlation between Dunham Appreciation Income and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Appreciation Income 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 Appreciation Income. 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 gross domestic product.

Moving together with Dunham Mutual Fund

0.92	DNAIX	Dunham Appreciation	Pair Corr
0.82	DNCGX	Dunham Porategovernment	Pair Corr
0.72	DNEMX	Dunham Emerging Markets	Pair Corr
0.83	DNINX	Dunham International	Pair Corr
0.78	DNMDX	Dunham Monthly Distr	Pair Corr
0.89	DACGX	Dunham Porategovernment	Pair Corr
0.71	DAEMX	Dunham Emerging Markets	Pair Corr
0.9	DAINX	Dunham International	Pair Corr
0.76	DAMDX	Dunham Monthly Distr	Pair Corr
0.72	DCAIX	Dunham Appreciation	Pair Corr
0.8	DCCGX	Dunham Porategovernment	Pair Corr
0.7	DCEMX	Dunham Emerging Markets	Pair Corr
0.9	DCINX	Dunham International	Pair Corr

Moving against Dunham Mutual Fund

0.88	DNDGX	Dunham Small Cap	Pair Corr
0.88	DADGX	Dunham Small Cap	Pair Corr
0.86	DNSVX	Dunham Small Cap	Pair Corr
0.85	DAFGX	Dunham Focused Large	Pair Corr
0.83	DNFGX	Dunham Focused Large	Pair Corr
0.72	DNREX	Dunham Real Estate	Pair Corr
0.72	DAREX	Dunham Real Estate	Pair Corr
0.43	DALVX	Dunham Large Cap	Pair Corr
0.36	DNLVX	Dunham Large Cap	Pair Corr
0.87	DCDGX	Dunham Small Cap	Pair Corr
0.87	DCSVX	Dunham Small Cap	Pair Corr
0.84	DASVX	Dunham Small Cap	Pair Corr
0.73	DCREX	Dunham Real Estate	Pair Corr
0.39	DCLVX	Dunham Large Cap	Pair Corr
0.34	DCAVX	Dunham Dynamic Macro	Pair Corr

Related Correlations Analysis

	FRIOX	FIKMX	TRREX	RRSCX	REPIX	CREMX	SAREX
FRIOX		1.0	0.87	0.77	0.79	0.54	0.78	FRIOX
FIKMX	1.0		0.86	0.75	0.77	0.55	0.77	FIKMX
TRREX	0.87	0.86		0.81	0.81	0.42	0.95	TRREX
RRSCX	0.77	0.75	0.81		0.93	0.26	0.77	RRSCX
REPIX	0.79	0.77	0.81	0.93		0.56	0.84	REPIX
CREMX	0.54	0.55	0.42	0.26	0.56		0.6	CREMX
SAREX	0.78	0.77	0.95	0.77	0.84	0.6		SAREX
	FRIOX	FIKMX	TRREX	RRSCX	REPIX	CREMX	SAREX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Appreciation 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 Appreciation'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
FRIOX	0.24	0.04	0.18	0.17	0.18	(0.28)	0.59	(0.43)	1.30
FIKMX	0.24	0.04	0.19	0.19	0.16	(0.29)	0.59	(0.42)	1.36
TRREX	0.89	0.04	0.06	(0.18)	1.13	(0.87)	1.63	(1.80)	4.40
RRSCX	0.70	0.06	0.07	0.05	0.83	(0.75)	1.56	(1.35)	4.16
REPIX	1.32	0.05	0.05	(0.12)	1.72	(1.31)	2.46	(2.65)	7.54
CREMX	0.02	0.02	0.00	8.48	0.00	0.00	0.08	0.00	0.08
SAREX	0.87	0.01	0.04	(0.06)	1.07	(0.93)	1.59	(1.83)	4.54

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