Dunham International Correlations

DCINX Fund

USD 16.35 0.06 0.37%

The current 90-days correlation between Dunham International and Dunham Monthly Distribution is 0.11 (i.e., Average 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

Average diversification

The correlation between Dunham International Stock and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham International Stock 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 Stock. 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 board of governors.

Moving together with Dunham Mutual Fund

0.86	DNAVX	Dunham Dynamic Macro	Pair Corr
0.72	DNCGX	Dunham Porategovernment	Pair Corr
0.64	DNEMX	Dunham Emerging Markets	Pair Corr
0.83	DNFGX	Dunham Focused Large	Pair Corr
0.63	DNIOX	Dunham International	Pair Corr
0.94	DNINX	Dunham International	Pair Corr
0.87	DNLVX	Dunham Large Cap	Pair Corr
0.68	DNREX	Dunham Real Estate	Pair Corr
0.79	DNSVX	Dunham Small Cap	Pair Corr
0.82	DNSPX	Dunham Enhanced Market	Pair Corr
0.73	DACGX	Dunham Porategovernment	Pair Corr
0.83	DAFGX	Dunham Focused Large	Pair Corr
0.98	DAINX	Dunham International	Pair Corr
0.8	DALVX	Dunham Large Cap	Pair Corr
0.68	DAREX	Dunham Real Estate	Pair Corr
0.82	DASPX	Dunham Enhanced Market	Pair Corr
0.78	DASVX	Dunham Small Cap	Pair Corr
0.83	DCAVX	Dunham Dynamic Macro	Pair Corr
0.75	DCCGX	Dunham Porategovernment	Pair Corr
0.64	DCEMX	Dunham Emerging Markets	Pair Corr
0.83	DCFGX	Dunham Focused Large	Pair Corr
0.63	DCIOX	Dunham International	Pair Corr
0.81	DCLVX	Dunham Large Cap	Pair Corr

Moving against Dunham Mutual Fund

0.58	DNMDX	Dunham Monthly Distr	Pair Corr
0.58	DAMDX	Dunham Monthly Distr	Pair Corr
0.4	DNAIX	Dunham Appreciation	Pair Corr
0.31	DNFRX	Dunham Floating Rate	Pair Corr
0.31	DAFRX	Dunham Floating Rate	Pair Corr
0.56	DCMDX	Dunham Monthly Distr	Pair Corr
0.33	DCFRX	Dunham Floating Rate	Pair Corr

Related Correlations Analysis

	DCMDX	DCEMX	DAINX	DNINX	DCSVX
DCMDX		-0.03	-0.57	-0.49	-0.56	DCMDX
DCEMX	-0.03		0.62	0.6	0.25	DCEMX
DAINX	-0.57	0.62		0.95	0.59	DAINX
DNINX	-0.49	0.6	0.95		0.76	DNINX
DCSVX	-0.56	0.25	0.59	0.76		DCSVX
	DCMDX	DCEMX	DAINX	DNINX	DCSVX

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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

DNINX	+ 0.95	DAINX
DCSVX	+ 0.76	DNINX
DAINX	+ 0.62	DCEMX
DNINX	+ 0.6	DCEMX
DCSVX	+ 0.59	DAINX
DCSVX	+ 0.25	DCEMX

High negative correlations

DAINX	- 0.57	DCMDX
DCSVX	- 0.56	DCMDX
DNINX	- 0.49	DCMDX
DCEMX	- 0.03	DCMDX

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
DCMDX	0.11	0.01	0.11	(0.91)	0.00	(0.14)	0.28	(0.28)	0.84
DCEMX	0.59	0.02	0.03	(2.88)	0.88	(0.59)	1.22	(1.79)	3.91
DAINX	0.68	(0.03)	0.00	(0.17)	0.00	0.00	1.18	(0.97)	10.22
DNINX	0.72	(0.02)	0.00	(0.05)	0.00	0.00	1.22	(1.52)	10.08
DCSVX	1.00	(0.41)	0.00	(0.44)	0.00	0.00	1.22	(2.45)	16.55

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