Dunham Focused Correlations

DNFGX Fund

USD 38.03 0.76 2.04%

The current 90-days correlation between Dunham Focused Large and Barings High Yield is 0.34 (i.e., Weak 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 0.5 (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

0.72	DNDGX	Dunham Small Cap	Pair Corr
0.78	DNLVX	Dunham Large Cap	Pair Corr
0.7	DNREX	Dunham Real Estate	Pair Corr
0.98	DNSVX	Dunham Small Cap	Pair Corr
1.0	DAFGX	Dunham Focused Large	Pair Corr
0.98	DASVX	Dunham Small Cap	Pair Corr
0.89	DCAVX	Dunham Dynamic Macro	Pair Corr
0.72	DCDGX	Dunham Small Cap	Pair Corr
1.0	DCFGX	Dunham Focused Large	Pair Corr
0.81	DCLVX	Dunham Large Cap	Pair Corr
0.72	DCREX	Dunham Real Estate	Pair Corr
0.98	DCSVX	Dunham Small Cap	Pair Corr
0.9	DCSPX	Dunham Enhanced Market	Pair Corr
0.76	FAFGX	American Funds	Pair Corr
0.76	FFAFX	American Funds	Pair Corr
0.77	GFACX	Growth Fund	Pair Corr
0.77	GFAFX	Growth Fund	Pair Corr
0.67	AGTHX	Growth Fund	Pair Corr
0.76	CGFFX	Growth Fund	Pair Corr
0.77	CGFCX	Growth Fund	Pair Corr
0.77	CGFAX	Growth Fund	Pair Corr

Moving against Dunham Mutual Fund

0.85	DNAIX	Dunham Appreciation	Pair Corr
0.79	DNMDX	Dunham Monthly Distr	Pair Corr
0.79	DAAIX	Dunham Appreciation	Pair Corr
0.78	DAMDX	Dunham Monthly Distr	Pair Corr
0.55	DNCGX	Dunham Porategovernment	Pair Corr
0.55	DACGX	Dunham Porategovernment	Pair Corr
0.36	DNFRX	Dunham Floating Rate	Pair Corr
0.34	DAFRX	Dunham Floating Rate	Pair Corr
0.31	DNHYX	Dunham High Yield	Pair Corr
0.76	DCMDX	Dunham Monthly Distr	Pair Corr
0.75	DCAIX	Dunham Appreciation	Pair Corr
0.54	DCCGX	Dunham Porategovernment	Pair Corr
0.79	VSGDX	Vanguard Short Term	Pair Corr
0.69	UTF	Cohen And Steers	Pair Corr

Related Correlations Analysis

	BXHCX	MWHIX	ARCIX	GHVIX	MRHYX	ARTFX	AGDZX
BXHCX		0.95	0.74	0.96	0.96	0.98	0.99	BXHCX
MWHIX	0.95		0.71	0.95	0.85	0.96	0.97	MWHIX
ARCIX	0.74	0.71		0.8	0.75	0.79	0.76	ARCIX
GHVIX	0.96	0.95	0.8		0.94	0.96	0.96	GHVIX
MRHYX	0.96	0.85	0.75	0.94		0.91	0.92	MRHYX
ARTFX	0.98	0.96	0.79	0.96	0.91		0.99	ARTFX
AGDZX	0.99	0.97	0.76	0.96	0.92	0.99		AGDZX
	BXHCX	MWHIX	ARCIX	GHVIX	MRHYX	ARTFX	AGDZX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXHCX	0.13	0.00	0.26	(0.03)	0.14	(0.19)	0.37	(0.37)	1.00
MWHIX	0.12	0.01	0.36	0.02	0.06	(0.21)	0.54	(0.22)	0.87
ARCIX	0.55	0.11	0.22	(1.92)	0.53	(0.61)	1.22	(1.02)	4.94
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
MRHYX	0.12	0.00	0.28	(0.07)	0.14	(0.17)	0.24	(0.24)	0.95
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
AGDZX	0.14	0.01	0.31	0.04	0.09	(0.24)	0.43	(0.28)	1.01

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