Dunham International Correlations

DCIOX Fund

USD 7.44 0.01 0.13%

The current 90-days correlation between Dunham International and Glg Intl Small is 0.13 (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

Significant diversification

The correlation between Dunham International Opportuni and DJI is 0.04 (i.e., Significant 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

0.74	DNFRX	Dunham Floating Rate	Pair Corr
0.95	DNIOX	Dunham International	Pair Corr
0.81	DNHYX	Dunham High Yield	Pair Corr
0.77	DAFRX	Dunham Floating Rate	Pair Corr
0.8	DAHYX	Dunham High Yield	Pair Corr
0.95	DAIOX	Dunham International	Pair Corr
0.73	DCFRX	Dunham Floating Rate	Pair Corr
0.8	DCHYX	Dunham High Yield	Pair Corr

Related Correlations Analysis

	GLVIX	QLMSTX	TISVX	CMPAX	VSFSX	ESCIX	QSERX
GLVIX		0.89	-0.05	0.77	0.82	0.65	0.77	GLVIX
QLMSTX	0.89		-0.37	0.93	0.97	0.62	0.91	QLMSTX
TISVX	-0.05	-0.37		-0.53	-0.48	0.1	-0.55	TISVX
CMPAX	0.77	0.93	-0.53		0.97	0.46	0.89	CMPAX
VSFSX	0.82	0.97	-0.48	0.97		0.58	0.92	VSFSX
ESCIX	0.65	0.62	0.1	0.46	0.58		0.47	ESCIX
QSERX	0.77	0.91	-0.55	0.89	0.92	0.47		QSERX
	GLVIX	QLMSTX	TISVX	CMPAX	VSFSX	ESCIX	QSERX

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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

VSFSX	+ 0.97	QLMSTX
VSFSX	+ 0.97	CMPAX
CMPAX	+ 0.93	QLMSTX
QSERX	+ 0.92	VSFSX
QSERX	+ 0.91	QLMSTX
QLMSTX	+ 0.89	GLVIX

High negative correlations

QSERX	- 0.55	TISVX
CMPAX	- 0.53	TISVX
VSFSX	- 0.48	TISVX
TISVX	- 0.37	QLMSTX
TISVX	- 0.05	GLVIX

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
GLVIX	0.94	(0.02)	0.00	(0.07)	0.00	0.00	1.52	(2.12)	5.60
QLMSTX	1.01	(0.08)	0.00	(0.70)	0.00	0.00	1.75	(2.13)	5.65
TISVX	0.79	0.15	0.11	0.14	1.20	(0.78)	1.99	(1.43)	9.81
CMPAX	0.72	(0.06)	0.00	0.95	0.00	0.00	1.21	(1.62)	3.50
VSFSX	0.83	(0.05)	0.00	(2.27)	0.00	0.00	1.64	(1.98)	5.18
ESCIX	0.72	(0.01)	0.00	(0.33)	0.00	0.00	1.87	(1.88)	4.56
QSERX	0.97	(0.05)	0.00	(0.10)	0.00	0.00	1.89	(2.01)	5.43

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