Dunham Real Correlations

DNREX Fund

USD 13.42 0.04 0.30%

The current 90-days correlation between Dunham Real Estate and Ab Bond Inflation is 0.16 (i.e., Average diversification). The correlation of Dunham Real 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 Real Correlation With Market

Good diversification

The correlation between Dunham Real Estate and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Real Estate 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 Real Estate. 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 income.

Moving together with Dunham Mutual Fund

0.66	RC	Ready Capital Corp	Pair Corr
0.62	EQIX	Equinix	Pair Corr

Moving against Dunham Mutual Fund

0.4	O	Realty Income	Pair Corr
0.38	HR	Healthcare Realty Trust	Pair Corr
0.34	DX	Dynex Capital	Pair Corr
0.49	VICI	VICI Properties	Pair Corr
0.44	ELME	Elme Communities	Pair Corr
0.41	CDR-PC	Cedar Realty Trust	Pair Corr
0.36	CDR-PB	Cedar Realty Trust	Pair Corr
0.35	MITT-PA	AG Mortgage Investment	Pair Corr

Related Correlations Analysis

	ANBIX	ABNCX	MBSAX	CBOEX	ARTFX	CSBCX	FMUUX
ANBIX		1.0	0.97	0.97	0.84	0.97	0.96	ANBIX
ABNCX	1.0		0.97	0.97	0.84	0.97	0.95	ABNCX
MBSAX	0.97	0.97		0.95	0.82	0.98	0.89	MBSAX
CBOEX	0.97	0.97	0.95		0.76	0.98	0.92	CBOEX
ARTFX	0.84	0.84	0.82	0.76		0.78	0.89	ARTFX
CSBCX	0.97	0.97	0.98	0.98	0.78		0.91	CSBCX
FMUUX	0.96	0.95	0.89	0.92	0.89	0.91		FMUUX
	ANBIX	ABNCX	MBSAX	CBOEX	ARTFX	CSBCX	FMUUX

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 Real 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 Real'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
ANBIX	0.16	0.03	0.41	1.08	0.00	(0.21)	0.38	(0.38)	0.98
ABNCX	0.16	0.02	0.44	0.96	0.00	(0.20)	0.30	(0.30)	0.90
MBSAX	0.18	0.02	0.29	0.16	0.19	(0.21)	0.36	(0.30)	1.34
CBOEX	0.17	0.02	0.39	0.64	0.07	(0.21)	0.33	(0.24)	0.98
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
CSBCX	0.22	0.02	0.28	0.38	0.20	(0.25)	0.49	(0.41)	1.42
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.00	0.10	0.00	0.40

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