Dunham Focused Correlations

Mutual Funds . USA . 
Fund . Dunham Focused Large
DAFGX Fund  USD 36.36  0.73  2.05%   
The current 90-days correlation between Dunham Focused Large and Aqr Global Equity is 0.43 (i.e., Very weak diversification). The correlation of Dunham Focused 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 Focused Correlation With Market

Very weak diversification

The correlation between Dunham Focused Large and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Focused Large 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 Focused Large. 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

  0.71DNDGX Dunham Small CapPairCorr
  0.77DNLVX Dunham Large CapPairCorr
  0.69DNREX Dunham Real EstatePairCorr
  0.99DNSVX Dunham Small CapPairCorr
  0.99DASVX Dunham Small CapPairCorr
  0.9DCAVX Dunham Dynamic MacroPairCorr
  0.71DCDGX Dunham Small CapPairCorr
  1.0DCFGX Dunham Focused LargePairCorr
  0.81DCLVX Dunham Large CapPairCorr
  0.71DCREX Dunham Real EstatePairCorr
  0.98DCSVX Dunham Small CapPairCorr
  0.91DCSPX Dunham Enhanced MarketPairCorr
  0.76FAFGX American FundsPairCorr
  0.76FFAFX American FundsPairCorr
  0.77GFACX Growth FundPairCorr
  0.76GFAFX Growth FundPairCorr
  0.66AGTHX Growth FundPairCorr
  0.76CGFFX Growth FundPairCorr
  0.77CGFCX Growth FundPairCorr
  0.76CGFAX Growth FundPairCorr

Moving against Dunham Mutual Fund

  0.85DNAIX Dunham AppreciationPairCorr
  0.79DNMDX Dunham Monthly DistrPairCorr
  0.79DAAIX Dunham AppreciationPairCorr
  0.78DAMDX Dunham Monthly DistrPairCorr
  0.55DNCGX Dunham PorategovernmentPairCorr
  0.54DACGX Dunham PorategovernmentPairCorr
  0.37DNFRX Dunham Floating RatePairCorr
  0.35DAFRX Dunham Floating RatePairCorr
  0.32DNHYX Dunham High YieldPairCorr
  0.76DCMDX Dunham Monthly DistrPairCorr
  0.75DCAIX Dunham AppreciationPairCorr
  0.53DCCGX Dunham PorategovernmentPairCorr
  0.31DCFRX Dunham Floating RatePairCorr
  0.79VSGDX Vanguard Short TermPairCorr
  0.69UTF Cohen And SteersPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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