Dunham Corporate/govern Correlations

DACGX Fund

USD 12.51 0.02 0.16%

The current 90-days correlation between Dunham Porategovernment and Goehring Rozencwajg Resources is -0.19 (i.e., Good diversification). The correlation of Dunham Corporate/govern 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 Corporate/govern Correlation With Market

Good diversification

The correlation between Dunham Porategovernment Bond and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Porategovernment Bond 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 Porategovernment Bond. 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

0.84	DNAIX	Dunham Appreciation	Pair Corr
0.93	DNCGX	Dunham Porategovernment	Pair Corr
0.66	DNEMX	Dunham Emerging Markets	Pair Corr
0.85	DNINX	Dunham International	Pair Corr
0.63	DNHYX	Dunham High Yield	Pair Corr
0.62	DNMDX	Dunham Monthly Distr	Pair Corr
0.89	DAAIX	Dunham Appreciation	Pair Corr
0.65	DAEMX	Dunham Emerging Markets	Pair Corr
0.88	DAINX	Dunham International	Pair Corr
0.76	DCAIX	Dunham Appreciation	Pair Corr
0.9	DCCGX	Dunham Porategovernment	Pair Corr
0.64	DCEMX	Dunham Emerging Markets	Pair Corr
0.88	DCINX	Dunham International	Pair Corr

Moving against Dunham Mutual Fund

0.72	DNSVX	Dunham Small Cap	Pair Corr
0.71	DNDGX	Dunham Small Cap	Pair Corr
0.71	DADGX	Dunham Small Cap	Pair Corr
0.68	DNFGX	Dunham Focused Large	Pair Corr
0.66	DAFGX	Dunham Focused Large	Pair Corr
0.56	DAREX	Dunham Real Estate	Pair Corr
0.5	DNREX	Dunham Real Estate	Pair Corr
0.74	DCDGX	Dunham Small Cap	Pair Corr
0.73	DCSVX	Dunham Small Cap	Pair Corr
0.68	DASVX	Dunham Small Cap	Pair Corr
0.51	DCREX	Dunham Real Estate	Pair Corr

Related Correlations Analysis

	GRHAX	IGNAX	ALEFX	VENAX	HNRGX	IEFCX	FIKAX	SMAPX
GRHAX		0.92	0.69	0.79	0.82	0.76	0.89	0.8	GRHAX
IGNAX	0.92		0.72	0.82	0.84	0.78	0.93	0.82	IGNAX
ALEFX	0.69	0.72		0.85	0.86	0.87	0.81	0.88	ALEFX
VENAX	0.79	0.82	0.85		0.99	0.98	0.96	0.93	VENAX
HNRGX	0.82	0.84	0.86	0.99		0.99	0.96	0.92	HNRGX
IEFCX	0.76	0.78	0.87	0.98	0.99		0.92	0.9	IEFCX
FIKAX	0.89	0.93	0.81	0.96	0.96	0.92		0.92	FIKAX
SMAPX	0.8	0.82	0.88	0.93	0.92	0.9	0.92		SMAPX
	GRHAX	IGNAX	ALEFX	VENAX	HNRGX	IEFCX	FIKAX	SMAPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Corporate/govern 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 Corporate/govern'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
GRHAX	1.10	0.13	0.07	0.17	1.69	(1.07)	2.46	(2.82)	8.53
IGNAX	0.90	0.10	0.08	0.10	1.11	(0.99)	1.67	(1.96)	5.39
ALEFX	0.94	0.17	0.15	(1.69)	1.15	(1.04)	1.96	(1.69)	6.21
VENAX	0.94	0.17	0.12	0.23	1.33	(0.91)	2.08	(2.19)	6.05
HNRGX	0.83	0.18	0.13	0.25	1.17	(0.82)	1.80	(1.95)	5.81
IEFCX	0.80	0.18	0.15	0.29	1.09	(0.79)	1.54	(1.94)	5.65
FIKAX	0.96	0.16	0.11	0.19	1.43	(0.94)	1.80	(2.54)	6.59
SMAPX	1.09	0.15	0.11	0.19	1.39	(1.23)	2.13	(1.84)	7.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC