Dunham Corporate/govern Correlations

DNCGX Fund

USD 12.53 0.02 0.16%

The current 90-days correlation between Dunham Porategovernment and Morningstar Municipal Bond is -0.01 (i.e., Good diversification). The correlation of Dunham Corporate/govern 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 Corporate/govern Correlation With Market

Average diversification

The correlation between Dunham Porategovernment Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Porategovernment Bond 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 Porategovernment Bond. 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

0.86	DNAIX	Dunham Appreciation	Pair Corr
0.61	DNEMX	Dunham Emerging Markets	Pair Corr
0.89	DNINX	Dunham International	Pair Corr
0.64	DNHYX	Dunham High Yield	Pair Corr
0.82	DAAIX	Dunham Appreciation	Pair Corr
0.93	DACGX	Dunham Porategovernment	Pair Corr
0.61	DAEMX	Dunham Emerging Markets	Pair Corr
0.85	DAINX	Dunham International	Pair Corr
0.8	DCAIX	Dunham Appreciation	Pair Corr
0.85	DCINX	Dunham International	Pair Corr
0.96	MWTNX	Metropolitan West Total	Pair Corr

Moving against DUNHAM Mutual Fund

0.66	DNFGX	Dunham Focused Large	Pair Corr
0.64	DNSVX	Dunham Small Cap	Pair Corr
0.63	DNDGX	Dunham Small Cap	Pair Corr
0.63	DADGX	Dunham Small Cap	Pair Corr
0.59	DAFGX	Dunham Focused Large	Pair Corr
0.5	DAREX	Dunham Real Estate	Pair Corr
0.41	DNREX	Dunham Real Estate	Pair Corr
0.71	DCDGX	Dunham Small Cap	Pair Corr
0.65	DCSVX	Dunham Small Cap	Pair Corr
0.61	DASVX	Dunham Small Cap	Pair Corr
0.43	DCREX	Dunham Real Estate	Pair Corr
0.35	DCFGX	Dunham Focused Large	Pair Corr

Related Correlations Analysis

	MSTPX	USGDX	TWACX	RGVCX	GABTX	GVPIX	HCSBX
MSTPX		0.72	0.63	0.67	0.61	0.72	0.89	MSTPX
USGDX	0.72		0.91	0.99	0.53	0.97	0.76	USGDX
TWACX	0.63	0.91		0.95	0.31	0.8	0.61	TWACX
RGVCX	0.67	0.99	0.95		0.44	0.93	0.69	RGVCX
GABTX	0.61	0.53	0.31	0.44		0.55	0.76	GABTX
GVPIX	0.72	0.97	0.8	0.93	0.55		0.77	GVPIX
HCSBX	0.89	0.76	0.61	0.69	0.76	0.77		HCSBX
	MSTPX	USGDX	TWACX	RGVCX	GABTX	GVPIX	HCSBX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between DUNHAM Mutual Fund performing well and Dunham Corporate/govern 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 Corporate/govern'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
MSTPX	0.14	(0.01)	0.00	0.65	0.00	0.00	0.20	(0.30)	0.91
USGDX	0.64	0.07	0.12	1.27	0.64	(0.78)	1.45	(1.06)	3.93
TWACX	0.09	0.01	0.28	(0.33)	0.00	(0.14)	0.22	(0.11)	0.45
RGVCX	0.23	0.03	0.20	1.52	0.14	(0.29)	0.51	(0.42)	1.38
GABTX	0.59	0.06	0.11	(0.91)	0.72	(0.62)	1.34	(0.92)	3.78
GVPIX	0.75	0.01	0.04	0.07	0.81	(0.84)	1.96	(1.36)	3.76
HCSBX	0.05	(0.02)	0.00	1.02	0.00	0.00	0.10	(0.21)	0.42

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