Dunham Mutual Fund Volatility

DCREX
 Fund
  

USD 11.45  0.30  2.69%   

Dunham Real Estate secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the fund had -0.14% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Dunham Real Estate exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dunham Real Estate coefficient of variation of (623.87), and Mean Deviation of 1.15 to check the risk estimate we provide.
  
Dunham Real Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Dunham daily returns, and it is calculated using variance and standard deviation. We also use Dunham's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Dunham Real volatility.

90 Days Market Risk

Not too volatile

Chance of Distress

90 Days Economic Sensitivity

Barely shadows the market
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Dunham Real can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Dunham Real at lower prices. For example, an investor can purchase Dunham stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Dunham Real's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Dunham Real

+0.96VGSNXVanguard Real EstatePairCorr
+0.96VGSLXVanguard Real EstatePairCorr
+0.96VGSIXVanguard Real EstatePairCorr
+0.96DFREXDfa Real EstatePairCorr
+0.96VRTPXVanguard Real EstatePairCorr
+0.96CSJAXCohen Steers RealtyPairCorr
+0.96CSDIXCohen Steers RealPairCorr

Dunham Real Market Sensitivity And Downside Risk

Dunham Real's beta coefficient measures the volatility of Dunham mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Dunham mutual fund's returns against your selected market. In other words, Dunham Real's beta of 0.13 provides an investor with an approximation of how much risk Dunham Real mutual fund can potentially add to one of your existing portfolios.
Dunham Real Estate exhibits very low volatility with skewness of 0.11 and kurtosis of -0.21. However, we advise investors to further study Dunham Real Estate technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Dunham Real's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Dunham Real's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
3 Months Beta |Analyze Dunham Real Estate Demand Trend
Check current 90 days Dunham Real correlation with market (DOW)

Dunham Beta

    
  0.13  
Dunham standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.52  
It is essential to understand the difference between upside risk (as represented by Dunham Real's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Dunham Real's daily returns or price. Since the actual investment returns on holding a position in dunham mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Dunham Real.

Dunham Real Estate Mutual Fund Volatility Analysis

Volatility refers to the frequency at which Dunham Real fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Dunham Real's price changes. Investors will then calculate the volatility of Dunham Real's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Dunham Real's volatility:

Historical Volatility

This type of fund volatility measures Dunham Real's fluctuations based on previous trends. It's commonly used to predict Dunham Real's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Dunham Real's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Dunham Real's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Dunham Real Estate price series.
.

Dunham Real Projected Return Density Against Market

Assuming the 90 days horizon Dunham Real has a beta of 0.1345 suggesting as returns on the market go up, Dunham Real average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dunham Real Estate will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Dunham Real or Dunham Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Dunham Real's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Dunham fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Dunham Real Estate is significantly underperforming DOW.
   Predicted Return Density   
       Returns  
Dunham Real's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how dunham mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Dunham Real Price Volatility?

Several factors can influence a Fund's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Dunham Real Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Dunham Real or Dunham Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Dunham Real's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Dunham fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 90 days horizon the coefficient of variation of Dunham Real is -692.21. The daily returns are distributed with a variance of 2.32 and standard deviation of 1.52. The mean deviation of Dunham Real Estate is currently at 1.22. For similar time horizon, the selected benchmark (DOW) has volatility of 1.14
α
Alpha over DOW
-0.22
β
Beta against DOW0.13
σ
Overall volatility
1.52
Ir
Information ratio -0.08

Dunham Real Mutual Fund Return Volatility

Dunham Real historical daily return volatility represents how much of Dunham Real fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 1.5226% volatility of returns over 90 . By contrast, DOW inherits 1.1442% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Dunham Real Volatility

Volatility is a rate at which the price of Dunham Real or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Dunham Real may increase or decrease. In other words, similar to Dunham's beta indicator, it measures the risk of Dunham Real and helps estimate the fluctuations that may happen in a short period of time. So if prices of Dunham Real fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The funds sub-adviser seeks to achieve its investment objectives by investing primarily in income-producing equity securities of real estate companies. Dunham Real is traded on NASDAQ Exchange in the United States.

Dunham Real Investment Opportunity

Dunham Real Estate has a volatility of 1.52 and is 1.33 times more volatile than DOW. 13  of all equities and portfolios are less risky than Dunham Real. Compared to the overall equity markets, volatility of historical daily returns of Dunham Real Estate is lower than 13 () of all global equities and portfolios over the last 90 days. Use Dunham Real Estate to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences an unexpected upward trend. Watch out for market signals. Check odds of Dunham Real to be traded at $13.74 in 90 days.

Average diversification

The correlation between Dunham Real Estate and DJI is 0.11 (i.e., Average 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.

Dunham Real Additional Risk Indicators

The analysis of Dunham Real's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Dunham Real's investment and either accepting that risk or mitigating it. Along with some common measures of Dunham Real mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Dunham Real Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Dunham Real as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Dunham Real's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Dunham Real's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Dunham Real Estate.
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
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.