Dunham Mutual Fund Manager Performance Evaluation

DNMDX -  USA Fund  

USD 32.35  0.06  0.19%

The fund shows a Beta (market volatility) of 0.1256, which means not very significant fluctuations relative to the market. Let's try to break down what Dunham's beta means in this case. As returns on the market increase, Dunham Monthly returns are expected to increase less than the market. However, during the bear market, the loss on holding Dunham Monthly will be expected to be smaller as well. Even though it is essential to pay attention to Dunham Monthly Distr historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Dunham Monthly Distribution exposes twenty-one different technical indicators, which can help you to evaluate its performance.

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 Dunham Performance
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Over the last 90 days Dunham Monthly Distribution has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental indicators, Dunham Monthly is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low31.56
Fifty Two Week High34.05
Annual Report Expense Ratio2.22%

Dunham Monthly Relative Risk vs. Return Landscape

If you would invest  3,361  in Dunham Monthly Distribution on June 28, 2021 and sell it today you would lose (120.00)  from holding Dunham Monthly Distribution or give up 3.57% of portfolio value over 90 days. Dunham Monthly Distribution is currently producing negative expected returns and takes up 0.4458% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Dunham, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Dunham Monthly is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.65 times less risky than the market. the firm trades about -0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 of returns per unit of risk over similar time horizon.

Dunham Monthly Current Valuation

Fairly Valued
Today
32.35
26th of September 2021
Share
Please note that Dunham Monthly's price fluctuation is very steady at this time.
Dunham Monthly Distr shows a prevailing Real Value of $32.39 per share. The current price of the fund is $32.35. At this time, the entity appears to be fairly valued. We determine the value of Dunham Monthly Distr from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued instruments and dropping overvalued instruments since, at some point, stock prices and their ongoing real values will submerge.
Our valuation method for Dunham Monthly Distribution is useful when determining the fair value of the Dunham mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Dunham Monthly. Since Dunham Monthly is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Dunham Mutual Fund. However, Dunham Monthly's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
32.39
Real Value
32.84
Upside
Estimating the potential upside or downside of Dunham Monthly Distribution helps investors to forecast how Dunham mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Dunham Monthly more accurately as focusing exclusively on Dunham Monthly's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
31.9132.3632.81
Details

Dunham Monthly Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Monthly's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Dunham Monthly Distribution, and traders can use it to determine the average amount a Dunham Monthly's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1252

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Negative ReturnsDNMDX
Estimated Market Risk
 0.45
  actual daily
 
 3 %
of total potential
 
33
Expected Return
 -0.06
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.13
  actual daily
 
 0 %
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00
Based on monthly moving average Dunham Monthly is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Dunham Monthly by adding it to a well-diversified portfolio.

About Dunham Monthly Performance

To evaluate Dunham Monthly Distr Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Dunham Monthly generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Dunham Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Dunham Monthly Distr stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Dunham's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to provide positive returns in rising and falling market environments. Dunham Monthly is traded on NASDAQ Exchange in the United States.

Things to note about Dunham Monthly Distr

Checking the ongoing alerts about Dunham Monthly for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dunham Monthly Distr help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Dunham Monthly Alerts

Equity Alerts and Improvement Suggestions

Dunham Monthly Distr generates negative expected return over the last 90 days
Dunham Monthly Distr is unlikely to experience financial distress in the next 2 years
Latest headline from www.dividendinvestor.com: NASDAQDNMDX Monthly Distribution Fd Cl NDunham Funds Dividend Announcement 0.0872 per share - Dividend Investor
The fund retains about 44.35% of its assets under management (AUM) in cash
Continue to Investing Opportunities. Note that the Dunham Monthly Distr information on this page should be used as a complementary analysis to other Dunham Monthly'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Dunham Monthly Distr price analysis, check to measure Dunham Monthly'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 Monthly is operating at the current time. Most of Dunham Monthly's value examination focuses on studying past and present price action to predict the probability of Dunham Monthly's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dunham Monthly's price. Additionally, you may evaluate how the addition of Dunham Monthly to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Dunham Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine Dunham Monthly value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dunham Monthly'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.