Dunham High Yield Fund Market Value
| DNHYX Fund | USD 8.74 0.02 0.23% |
| Symbol | Dunham |
Dunham High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dunham High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dunham High.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dunham High on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Dunham High Yield or generate 0.0% return on investment in Dunham High over 180 days. Dunham High is related to or competes with Harbor Diversified, Massmutual Premier, Adams Diversified, Delaware Limited-term, and Jhancock Diversified. Under normal market conditions, the fund invests at least 80 percent of its assets in debt securities and convertible securities rated below investment grade by SP or comparably rated by another nationally recognized statistical rating organization , also known as high-yield or junk bonds, and in unrated debt securities determined by the Sub-Adviser to be of comparable quality. More
Dunham High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dunham High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dunham High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1772 | |||
| Information Ratio | (0.80) | |||
| Maximum Drawdown | 0.5766 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2323 |
Dunham High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham High's standard deviation. In reality, there are many statistical measures that can use Dunham High historical prices to predict the future Dunham High's volatility.| Risk Adjusted Performance | 0.0892 | |||
| Jensen Alpha | 0.0065 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.64) | |||
| Treynor Ratio | 0.2298 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dunham High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dunham High Yield Backtested Returns
At this stage we consider Dunham Mutual Fund to be very steady. Dunham High Yield secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Dunham High Yield, which you can use to evaluate the volatility of the entity. Please confirm Dunham High's Mean Deviation of 0.1119, standard deviation of 0.1407, and Coefficient Of Variation of 572.61 to check if the risk estimate we provide is consistent with the expected return of 0.0253%. The fund shows a Beta (market volatility) of 0.0634, which means not very significant fluctuations relative to the market. As returns on the market increase, Dunham High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dunham High is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Dunham High Yield has good predictability. Overlapping area represents the amount of predictability between Dunham High time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dunham High Yield price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Dunham High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dunham High Yield lagged returns against current returns
Autocorrelation, which is Dunham High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dunham High's mutual fund expected returns. We can calculate the autocorrelation of Dunham High returns to help us make a trade decision. For example, suppose you find that Dunham High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dunham High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dunham High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dunham High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham High Lagged Returns
When evaluating Dunham High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham High mutual fund have on its future price. Dunham High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dunham High autocorrelation shows the relationship between Dunham High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham High Yield.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Dunham Mutual Fund
Dunham High financial ratios help investors to determine whether Dunham Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dunham with respect to the benefits of owning Dunham High security.
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