Dunham Appreciation Income Fund Market Value
| DCAIX Fund | USD 8.41 0.01 0.12% |
| Symbol | Dunham |
Dunham Appreciation '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 Appreciation'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 Appreciation.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dunham Appreciation on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dunham Appreciation Income or generate 0.0% return on investment in Dunham Appreciation over 30 days. Dunham Appreciation is related to or competes with Ep Emerging, Sp Midcap, Artisan Emerging, Origin Emerging, Barings Emerging, Doubleline Emerging, and Calvert Developed. The funds sub-adviser seeks to achieve the investment objective by investing normally at least 80 percent of its assets ... More
Dunham Appreciation 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 Appreciation'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 Appreciation Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.07) | |||
| Maximum Drawdown | 0.2398 | |||
| Potential Upside | 0.1198 |
Dunham Appreciation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Appreciation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham Appreciation's standard deviation. In reality, there are many statistical measures that can use Dunham Appreciation historical prices to predict the future Dunham Appreciation's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.21) |
Dunham Appreciation Backtested Returns
At this stage we consider Dunham Mutual Fund to be very steady. Dunham Appreciation secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty technical indicators for Dunham Appreciation Income, which you can use to evaluate the volatility of the entity. Please confirm Dunham Appreciation's Mean Deviation of 0.035, variance of 0.0029, and Standard Deviation of 0.0535 to check if the risk estimate we provide is consistent with the expected return of 0.0133%. The fund shows a Beta (market volatility) of -0.0218, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dunham Appreciation are expected to decrease at a much lower rate. During the bear market, Dunham Appreciation is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
Dunham Appreciation Income has below average predictability. Overlapping area represents the amount of predictability between Dunham Appreciation time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Appreciation price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Dunham Appreciation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dunham Appreciation lagged returns against current returns
Autocorrelation, which is Dunham Appreciation 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 Appreciation's mutual fund expected returns. We can calculate the autocorrelation of Dunham Appreciation returns to help us make a trade decision. For example, suppose you find that Dunham Appreciation 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 Appreciation 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 Appreciation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham Appreciation 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 Appreciation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham Appreciation Lagged Returns
When evaluating Dunham Appreciation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham Appreciation mutual fund have on its future price. Dunham Appreciation 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 Appreciation autocorrelation shows the relationship between Dunham Appreciation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham Appreciation Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Dunham Mutual Fund
Dunham Appreciation financial ratios help investors to determine whether Dunham Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dunham with respect to the benefits of owning Dunham Appreciation security.
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