Dunham International Correlations

DAIOX Fund

USD 7.83 0.02 0.26%

The current 90-days correlation between Dunham International and Artisan Small Cap is 0.07 (i.e., Significant diversification). The correlation of Dunham International 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 International Correlation With Market

Modest diversification

The correlation between Dunham International Opportuni and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham International Opportuni 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 International Opportunity. 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 persons.

Moving together with Dunham Mutual Fund

0.84	DNCGX	Dunham Porategovernment	Pair Corr
0.67	DNDGX	Dunham Small Cap	Pair Corr
0.72	DNEMX	Dunham Emerging Markets	Pair Corr
0.99	DNIOX	Dunham International	Pair Corr
0.77	DNHYX	Dunham High Yield	Pair Corr
0.84	DACGX	Dunham Porategovernment	Pair Corr
0.67	DADGX	Dunham Small Cap	Pair Corr
0.71	DAEMX	Dunham Emerging Markets	Pair Corr
0.77	DAHYX	Dunham High Yield	Pair Corr
0.8	DCCGX	Dunham Porategovernment	Pair Corr
0.66	DCDGX	Dunham Small Cap	Pair Corr
0.69	DCEMX	Dunham Emerging Markets	Pair Corr
0.98	DCIOX	Dunham International	Pair Corr
0.81	DCHYX	Dunham High Yield	Pair Corr

Moving against Dunham Mutual Fund

0.34

GAAKX

Gmo Alternative Allo

Pair Corr

Related Correlations Analysis

	ARTSX	RSVIX	MSSGX	OWLLX	NESGX	ANTMX	CCMSX	QLMSTX
ARTSX		0.93	0.09	0.95	0.41	0.77	0.0	0.85	ARTSX
RSVIX	0.93		0.16	0.98	0.43	0.78	0.0	0.87	RSVIX
MSSGX	0.09	0.16		0.07	0.47	0.01	0.0	-0.1	MSSGX
OWLLX	0.95	0.98	0.07		0.4	0.8	0.0	0.86	OWLLX
NESGX	0.41	0.43	0.47	0.4		0.32	0.0	0.23	NESGX
ANTMX	0.77	0.78	0.01	0.8	0.32		0.0	0.82	ANTMX
CCMSX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CCMSX
QLMSTX	0.85	0.87	-0.1	0.86	0.23	0.82	0.0		QLMSTX
	ARTSX	RSVIX	MSSGX	OWLLX	NESGX	ANTMX	CCMSX	QLMSTX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OWLLX	+ 0.98	RSVIX
OWLLX	+ 0.95	ARTSX
RSVIX	+ 0.93	ARTSX
QLMSTX	+ 0.87	RSVIX
QLMSTX	+ 0.86	OWLLX
QLMSTX	+ 0.85	ARTSX

High negative correlations

QLMSTX	- 0.1	MSSGX
QLMSTX	- 0.0	CCMSX
CCMSX	- 0.0	ANTMX
CCMSX	- 0.0	NESGX
CCMSX	- 0.0	OWLLX
CCMSX	- 0.0	MSSGX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham International 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 International'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
ARTSX	1.00	(0.04)	0.00	(0.04)	0.00	0.00	2.14	(1.81)	7.68
RSVIX	0.70	(0.05)	0.00	(0.08)	0.00	0.00	1.56	(1.68)	5.69
MSSGX	1.60	0.35	0.19	0.44	1.60	(1.95)	3.81	(2.32)	11.74
OWLLX	0.74	(0.04)	0.00	(0.06)	0.00	0.00	1.64	(1.57)	5.77
NESGX	1.21	0.03	0.02	0.04	1.66	(1.25)	2.06	(2.25)	8.46
ANTMX	0.63	0.01	0.01	0.03	0.80	(0.65)	1.23	(1.20)	3.85
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QLMSTX	0.85	0.02	0.02	0.03	1.19	(0.88)	1.45	(1.49)	6.24

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