Dunham Small Correlations

DNSVX Fund

USD 13.86 0.16 1.14%

The current 90-days correlation between Dunham Small Cap and Scharf Global Opportunity is -0.06 (i.e., Good diversification). The correlation of Dunham Small 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 Small Correlation With Market

Good diversification

The correlation between Dunham Small Cap and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Small Cap 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 Small Cap. 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 real.

Moving together with Dunham Mutual Fund

0.8	VSIIX	Vanguard Small Cap	Pair Corr
0.8	VISVX	Vanguard Small Cap	Pair Corr
0.82	DFSVX	Us Small Cap	Pair Corr
0.81	DFFVX	Us Targeted Value	Pair Corr
0.76	UBVCX	Undiscovered Managers	Pair Corr
0.76	UBVAX	Undiscovered Managers	Pair Corr
0.76	UBVSX	Undiscovered Managers	Pair Corr
0.83	AVFIX	American Beacon Small	Pair Corr
0.69	AXP	American Express	Pair Corr
0.61	BAC	Bank of America	Pair Corr

Moving against Dunham Mutual Fund

0.5	T	ATT Inc Earnings Call This Week	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	WRLDX	GWOAX	TBCUX	BCGDX	MFIRX	MGKAX	DODWX
WRLDX		0.81	0.54	0.77	0.75	0.78	0.78	WRLDX
GWOAX	0.81		0.67	0.97	0.78	0.91	0.95	GWOAX
TBCUX	0.54	0.67		0.59	0.85	0.4	0.85	TBCUX
BCGDX	0.77	0.97	0.59		0.72	0.92	0.9	BCGDX
MFIRX	0.75	0.78	0.85	0.72		0.63	0.9	MFIRX
MGKAX	0.78	0.91	0.4	0.92	0.63		0.8	MGKAX
DODWX	0.78	0.95	0.85	0.9	0.9	0.8		DODWX
	WRLDX	GWOAX	TBCUX	BCGDX	MFIRX	MGKAX	DODWX

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Small 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 Small'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
WRLDX	0.64	0.04	0.00	(0.01)	0.00	0.00	1.24	(1.68)	2.96
GWOAX	0.57	0.00	0.15	0.00	0.66	(0.61)	1.29	(1.13)	3.92
TBCUX	0.59	0.16	0.30	2.83	0.44	(0.70)	1.49	(1.13)	4.33
BCGDX	0.61	0.05	0.13	0.64	0.79	(0.68)	1.28	(1.20)	3.56
MFIRX	0.11	0.03	0.29	1.41	0.00	(0.21)	0.19	(0.19)	0.77
MGKAX	0.77	0.07	0.14	(1.33)	0.92	(0.87)	1.57	(1.63)	4.75
DODWX	0.59	0.11	0.22	1.33	0.64	(0.63)	1.28	(1.09)	4.15

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