DUNHAM REAL Correlations

DCREX
 Fund
  

USD 11.93  0.01  0.08%   

The correlation of DUNHAM REAL is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DUNHAM REAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DUNHAM REAL ESTATE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to DUNHAM REAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DUNHAM REAL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DUNHAM REAL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DUNHAM REAL ESTATE to buy it.

Moving together with DUNHAM REAL

+0.97VGSNXVANGUARD REIT INDEXPairCorr
+0.97VGSLXVANGUARD REIT INDEXPairCorr
+0.97VGSIXVANGUARD REIT INDEXPairCorr
+0.97DFREXDFA REAL ESTATEPairCorr
+0.97VRTPXVanguard REIT IIPairCorr
+0.97CSJAXCohen Steers RealtyPairCorr
+0.97CSDIXCOHEN STEERS REALPairCorr
+0.97CSRSXCOHEN STEERS REALTYPairCorr
+0.97CSJIXCohen Steers RealtyPairCorr
+0.98CSCIXCOHEN STEERS REALPairCorr
+0.94RMQAXMONTHLY REBALANCEPairCorr
+0.94RMQHXMONTHLY REBALANCEPairCorr
+0.93DXQLXDIREXION MONTHLY NASPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
JPMT
JPMA
XOMMRK
MRKJPM
XOMJPM
AT
  
High negative correlations   
MRKUBER
XOMMSFT
MRKMSFT
CRMTWTR
XOMUBER

DUNHAM REAL Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between DUNHAM Mutual Fund performing well and DUNHAM REAL Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze DUNHAM REAL's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.73  0.51  0.17 (2.71)  1.73  0.12 (1.84)  3.56 (2.97)  27.10 
MSFT 1.79 (0.14)  0.00 (0.01)  0.00 (0.0424)  0.00  3.92 (3.54)  11.64 
UBER 2.84 (0.08) (0.01)  0.04  3.25 (0.0084) (3.42)  8.60 (5.58)  19.67 
F 1.96 (0.22)  0.00 (0.05)  0.00 (0.06)  0.00  2.75 (5.14)  14.93 
T 1.27  0.08  0.04  0.21  1.18  0.0334 (1.46)  2.54 (2.11)  9.29 
A 1.72  0.19  0.12  0.24  1.64  0.1 (2.08)  3.98 (2.97)  11.04 
CRM 2.32 (0.22)  0.00 (0.06)  0.00 (0.06)  0.00  4.31 (4.48)  18.29 
JPM 1.51  0.18  0.12  0.26  1.30  0.1 (1.64)  4.20 (2.15)  7.57 
MRK 1.00  0.37  0.24  1.28  0.80  0.23 (1.20)  2.44 (1.43)  7.38 
XOM 1.58  0.15  0.07  0.26  1.77  0.07 (1.68)  3.65 (2.91)  9.75 

Be your own money manager

Our tools can tell you how much better you can do entering a position in DUNHAM REAL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in DUNHAM REAL ESTATE?

The danger of trading DUNHAM REAL ESTATE is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DUNHAM REAL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DUNHAM REAL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DUNHAM REAL ESTATE is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the DUNHAM REAL ESTATE information on this page should be used as a complementary analysis to other DUNHAM REAL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for DUNHAM Mutual Fund analysis

When running DUNHAM REAL ESTATE price analysis, check to measure DUNHAM REAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DUNHAM REAL is operating at the current time. Most of DUNHAM REAL's value examination focuses on studying past and present price action to predict the probability of DUNHAM REAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move DUNHAM REAL's price. Additionally, you may evaluate how the addition of DUNHAM REAL to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between DUNHAM REAL's value and its price as these two are different measures arrived at by different means. Investors typically determine DUNHAM REAL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DUNHAM REAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.