Dunham Large Cap Fund Market Value
DNLVX Fund | USD 18.39 0.07 0.38% |
Symbol | Dunham |
Dunham Large '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 Large'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 Large.
03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Dunham Large on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dunham Large Cap or generate 0.0% return on investment in Dunham Large over 30 days. Dunham Large is related to or competes with Dunham Dynamic, Dunham Appreciation, Dunham Porategovernment, Dunham Small, Dunham Emerging, Dunham Focused, and Dunham Floating. The fund invests primarily in value-oriented, large capitalization or large cap common stocks of companies traded on U.S More
Dunham Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6932 | |||
Information Ratio | 0.0237 | |||
Maximum Drawdown | 2.85 | |||
Value At Risk | (1.07) | |||
Potential Upside | 0.9934 |
Dunham Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham Large's standard deviation. In reality, there are many statistical measures that can use Dunham Large historical prices to predict the future Dunham Large's volatility.Risk Adjusted Performance | 0.0839 | |||
Jensen Alpha | 0.0725 | |||
Total Risk Alpha | 0.0151 | |||
Sortino Ratio | 0.0209 | |||
Treynor Ratio | 6.65 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dunham Large'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 Large Cap Backtested Returns
We consider Dunham Large very steady. Dunham Large Cap secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dunham Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Dunham Large's Mean Deviation of 0.479, coefficient of variation of 735.69, and Downside Deviation of 0.6932 to check if the risk estimate we provide is consistent with the expected return of 0.0819%. The fund shows a Beta (market volatility) of 0.011, which means not very significant fluctuations relative to the market. As returns on the market increase, Dunham Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dunham Large is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
Dunham Large Cap has good reverse predictability. Overlapping area represents the amount of predictability between Dunham Large time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Large Cap price movement. The serial correlation of -0.53 indicates that about 53.0% of current Dunham Large price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.53 | |
Spearman Rank Test | -0.56 | |
Residual Average | 0.0 | |
Price Variance | 0.09 |
Dunham Large Cap lagged returns against current returns
Autocorrelation, which is Dunham Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Dunham Large returns to help us make a trade decision. For example, suppose you find that Dunham Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham Large 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 Large mutual fund over time.
Current vs Lagged Prices |
Timeline |
Dunham Large Lagged Returns
When evaluating Dunham Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham Large mutual fund have on its future price. Dunham Large 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 Large autocorrelation shows the relationship between Dunham Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham Large Cap.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dunham Large in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dunham Large's short interest history, or implied volatility extrapolated from Dunham Large options trading.
Pair Trading with Dunham Large
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dunham Large position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dunham Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Dunham Mutual Fund
0.97 | DNAVX | Dunham Dynamic Macro | PairCorr |
0.87 | DNAIX | Dunham Appreciation | PairCorr |
0.63 | DNDGX | Dunham Small Cap | PairCorr |
0.88 | DNEMX | Dunham Emerging Markets | PairCorr |
The ability to find closely correlated positions to Dunham Large 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 Large 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 Large - 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 Large Cap to buy it.
The correlation of Dunham Large 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dunham Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dunham Large Cap 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.
Correlation analysis and pair trading evaluation for Dunham Large can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Dunham Large Correlation, Dunham Large Volatility and Dunham Large Alpha and Beta module to complement your research on Dunham Large. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Dunham Large technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.