Dunham Appreciation Correlations

Mutual Funds . USA . 
Fund . Dunham Appreciation Income
DAAIX Fund  USD 8.80  0.01  0.11%   
The current 90-days correlation between Dunham Appreciation and Aqr Managed Futures is 0.01 (i.e., Significant 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

Good diversification

The correlation between Dunham Appreciation Income and DJI is -0.04 (i.e., 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 against DUNHAM Mutual Fund

  0.72DNREX Dunham Real EstatePairCorr
  0.66DNLVX Dunham Large CapPairCorr
  0.46DNSVX Dunham Small CapPairCorr
  0.42DNSPX Dunham Enhanced MarketPairCorr
  0.37DNFGX Dunham Focused LargePairCorr
  0.37DAAVX Dunham Dynamic MacroPairCorr
  0.37DAFGX Dunham Focused LargePairCorr
  0.36DNAVX Dunham Dynamic MacroPairCorr
  0.35DALVX Dunham Large CapPairCorr
  0.51DAREX Dunham Real EstatePairCorr
  0.51DCREX Dunham Real EstatePairCorr
  0.46DASVX Dunham Small CapPairCorr
  0.46DCSVX Dunham Small CapPairCorr
  0.42DASPX Dunham Enhanced MarketPairCorr
  0.42DCSPX Dunham Enhanced MarketPairCorr
  0.38DCAVX Dunham Dynamic MacroPairCorr
  0.38DCFGX Dunham Focused LargePairCorr
  0.36DCLVX Dunham Large CapPairCorr

Related Correlations Analysis

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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.

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