Dunham Focused Correlations

Mutual Funds . USA . 
Fund . Dunham Focused Large
DCFGX Fund  USD 31.74  0.63  2.03%   
The current 90-days correlation between Dunham Focused Large and Ab High Income is 0.24 (i.e., Modest 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 0.47 (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

  0.67DNDGX Dunham Small CapPairCorr
  0.76DNLVX Dunham Large CapPairCorr
  0.67DNREX Dunham Real EstatePairCorr
  0.99DNSVX Dunham Small CapPairCorr
  1.0DAFGX Dunham Focused LargePairCorr
  0.99DASVX Dunham Small CapPairCorr
  0.91DCAVX Dunham Dynamic MacroPairCorr
  0.68DCDGX Dunham Small CapPairCorr
  0.8DCLVX Dunham Large CapPairCorr
  0.68DCREX Dunham Real EstatePairCorr
  0.99DCSVX Dunham Small CapPairCorr
  0.93DCSPX Dunham Enhanced MarketPairCorr
  0.73FAFGX American FundsPairCorr
  0.73FFAFX American FundsPairCorr
  0.74GFACX Growth FundPairCorr
  0.73GFAFX Growth FundPairCorr
  0.62AGTHX Growth FundPairCorr
  0.73CGFFX Growth FundPairCorr
  0.74CGFCX Growth FundPairCorr
  0.73CGFAX Growth FundPairCorr

Moving against Dunham Mutual Fund

  0.84DNAIX Dunham AppreciationPairCorr
  0.81DNMDX Dunham Monthly DistrPairCorr
  0.8DAMDX Dunham Monthly DistrPairCorr
  0.77DAAIX Dunham AppreciationPairCorr
  0.54DNCGX Dunham PorategovernmentPairCorr
  0.53DACGX Dunham PorategovernmentPairCorr
  0.4DNFRX Dunham Floating RatePairCorr
  0.38DAFRX Dunham Floating RatePairCorr
  0.34DNHYX Dunham High YieldPairCorr
  0.78DCMDX Dunham Monthly DistrPairCorr
  0.73DCAIX Dunham AppreciationPairCorr
  0.52DCCGX Dunham PorategovernmentPairCorr
  0.34DCFRX Dunham Floating RatePairCorr
  0.77VSGDX Vanguard Short TermPairCorr
  0.7UTF 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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