Dunham Dynamic Macro Fund Quote
| DAAVX Fund | USD 11.60 0.08 0.68% |
Performance8 of 100
| Odds Of DistressLess than 20
|
Dunham Dynamic is trading at 11.60 as of the 23rd of April 2024; that is -0.68 percent decrease since the beginning of the trading day. The fund's open price was 11.68. Dunham Dynamic has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Dunham Dynamic Macro are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of June 2023 and ending today, the 23rd of April 2024. Click here to learn more.
The fund may invest in or seek exposure to a wide range of asset classes including, without limitation, equity , fixed-income commodities, real estate investment trusts and currencies. The Sub-Advisers strategy seeks long and short exposure in these various asset classes and currencies.. More on Dunham Dynamic Macro
Moving together with Dunham Mutual Fund
| 1.0 | DNAVX | Dunham Dynamic Macro | PairCorr |
| 0.81 | DNAIX | Dunham Appreciation | PairCorr |
| 0.68 | DNDGX | Dunham Small Cap | PairCorr |
| 0.9 | DNEMX | Dunham Emerging Markets | PairCorr |
| 0.91 | DNFRX | Dunham Floating Rate | PairCorr |
| 0.95 | DNIOX | Dunham International | PairCorr |
Dunham Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Dunham Dynamic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dunham Dynamic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Dunham Funds, Large Growth Funds, Tactical Allocation Funds, Tactical Allocation, Dunham Funds, Large Blend, Macro Trading (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of March 2023 |
| Fiscal Year End | October |
Dunham Dynamic Macro [DAAVX] is traded in USA and was established 23rd of April 2024. Dunham Dynamic is listed under Dunham Funds category by Fama And French industry classification. The fund is listed under Tactical Allocation category and is part of Dunham Funds family. This fund currently has accumulated 42.55 M in assets under management (AUM) with no minimum investment requirementsDunham Dynamic Macro is currently producing year-to-date (YTD) return of 5.4% with the current yeild of 0.01%, while the total return for the last 3 years was 4.26%.
Check Dunham Dynamic Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Dunham Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Dunham Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Dunham Dynamic Macro Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Dunham Dynamic Macro Mutual Fund Constituents
| COMT | iShares GSCI Commodity | Etf | Commodities Broad Basket |
| EEM | iShares MSCI Emerging | Etf | Diversified Emerging Mkts |
| HEWG | iShares Currency Hedged | Etf | Miscellaneous Region |
| HEWJ | iShares Currency Hedged | Etf | Japan Stock |
| JNK | SPDR Bloomberg High | Etf | High Yield Bond |
| SPIB | SPDR Barclays Intermediate | Etf | Corporate Bond |
| SPY | SPDR SP 500 | Etf | Large Blend |
Dunham Dynamic Target Price Odds Analysis
Based on a normal probability distribution, the odds of Dunham Dynamic jumping above the current price in 90 days from now is about 58.25%. The Dunham Dynamic Macro probability density function shows the probability of Dunham Dynamic mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Dunham Dynamic has a beta of 0.3875 suggesting as returns on the market go up, Dunham Dynamic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dunham Dynamic Macro will be expected to be much smaller as well. Additionally, dunham Dynamic Macro has an alpha of 0.0297, implying that it can generate a 0.0297 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Dunham Dynamic to move above the current price in 90 days from now is about 58.25 (This Dunham Dynamic Macro probability density function shows the probability of Dunham Mutual Fund to fall within a particular range of prices over 90 days) .
Dunham Dynamic Macro Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Dunham Dynamic market risk premium is the additional return an investor will receive from holding Dunham Dynamic long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Dunham Dynamic. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Dunham Dynamic's alpha and beta are two of the key measurements used to evaluate Dunham Dynamic's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.3163 | |||
| Semi Deviation | 0.2201 | |||
| Standard Deviation | 0.3992 | |||
| Variance | 0.1593 |
Dunham Dynamic Against Markets
Picking the right benchmark for Dunham Dynamic mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dunham Dynamic mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dunham Dynamic is critical whether you are bullish or bearish towards Dunham Dynamic Macro at a given time. Please also check how Dunham Dynamic's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dunham Dynamic 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.Did you try this?
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| All Next | Launch Module |
How to buy Dunham Mutual Fund?
Before investing in Dunham Dynamic, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Dunham Dynamic. To buy Dunham Dynamic fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dunham Dynamic. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Dunham Dynamic fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Dunham Dynamic Macro fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Dunham Dynamic Macro fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Dunham Dynamic Macro, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Dunham Dynamic Macro?
The danger of trading Dunham Dynamic Macro 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 Dynamic 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 Dynamic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dunham Dynamic Macro 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dunham Dynamic Macro. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.