Dunham Appreciation Correlations

DNAIX Fund

USD 8.82 0.01 0.11%

The correlation of Dunham Appreciation 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 Appreciation Correlation With Market

Good diversification

The correlation between Dunham Appreciation Income and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Appreciation Income 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 Appreciation Income. 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 gross domestic product.

Moving together with Dunham Mutual Fund

0.94	DNFRX	Dunham Floating Rate	Pair Corr
0.67	DNHYX	Dunham High Yield	Pair Corr
0.8	DNMDX	Dunham Monthly Distr	Pair Corr
0.94	DAFRX	Dunham Floating Rate	Pair Corr
0.65	DAHYX	Dunham High Yield	Pair Corr
0.79	DAMDX	Dunham Monthly Distr	Pair Corr
0.96	DCAIX	Dunham Appreciation	Pair Corr
0.93	DCFRX	Dunham Floating Rate	Pair Corr

Moving against Dunham Mutual Fund

0.83	DNSVX	Dunham Small Cap	Pair Corr
0.8	DNSPX	Dunham Enhanced Market	Pair Corr
0.77	DALVX	Dunham Large Cap	Pair Corr
0.72	DAAVX	Dunham Dynamic Macro	Pair Corr
0.71	DNAVX	Dunham Dynamic Macro	Pair Corr
0.71	DNFGX	Dunham Focused Large	Pair Corr
0.71	DAFGX	Dunham Focused Large	Pair Corr
0.65	DAINX	Dunham International	Pair Corr
0.64	DNINX	Dunham International	Pair Corr
0.54	DNREX	Dunham Real Estate	Pair Corr
0.51	DNLVX	Dunham Large Cap	Pair Corr
0.84	DASVX	Dunham Small Cap	Pair Corr
0.84	DCSVX	Dunham Small Cap	Pair Corr
0.8	DASPX	Dunham Enhanced Market	Pair Corr
0.8	DCSPX	Dunham Enhanced Market	Pair Corr
0.79	DCLVX	Dunham Large Cap	Pair Corr
0.74	DCAVX	Dunham Dynamic Macro	Pair Corr
0.73	DCFGX	Dunham Focused Large	Pair Corr
0.7	DCREX	Dunham Real Estate	Pair Corr
0.69	DAREX	Dunham Real Estate	Pair Corr
0.68	DCINX	Dunham International	Pair Corr

Related Correlations Analysis

	AEYXX	PFCXX	JRSXX	VMRXX	IVMXX
AEYXX		0.0	0.0	0.0	0.0	AEYXX
PFCXX	0.0		0.0	0.0	0.0	PFCXX
JRSXX	0.0	0.0		0.0	0.0	JRSXX
VMRXX	0.0	0.0	0.0		0.0	VMRXX
IVMXX	0.0	0.0	0.0	0.0		IVMXX
	AEYXX	PFCXX	JRSXX	VMRXX	IVMXX

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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

PFCXX	+ 0.0	AEYXX
JRSXX	+ 0.0	AEYXX
VMRXX	+ 0.0	AEYXX
IVMXX	+ 0.0	AEYXX
JRSXX	+ 0.0	PFCXX
VMRXX	+ 0.0	PFCXX

High negative correlations

IVMXX	- 0.0	VMRXX
IVMXX	- 0.0	JRSXX
VMRXX	- 0.0	JRSXX
IVMXX	- 0.0	PFCXX
VMRXX	- 0.0	PFCXX
JRSXX	- 0.0	PFCXX

Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Appreciation 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 Appreciation'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	Treynor Ratio	Maximum Drawdown
AEYXX	0.00	0.00	0.00	0.00
PFCXX	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00
VMRXX	0.03	0.01	(0.13)	1.01
IVMXX	0.00	0.00	0.00	0.00

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