Dunham Small Cap Fund Market Value
| DNSVX Fund | USD 18.20 0.08 0.44% |
| Symbol | Dunham |
Dunham Small '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 Small'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 Small.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Dunham Small on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Dunham Small Cap or generate 0.0% return on investment in Dunham Small over 540 days. Dunham Small is related to or competes with Tiaa-cref Real, Deutsche Real, Guggenheim Risk, Virtus Real, Fidelity Real, and Msif Us. The funds sub-adviser seeks to achieve its investment objective by investing primarily in domestic, value-oriented, smal... More
Dunham Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9558 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.28 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.91 |
Dunham Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham Small's standard deviation. In reality, there are many statistical measures that can use Dunham Small historical prices to predict the future Dunham Small's volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0824 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dunham Small'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 Small Cap Backtested Returns
At this stage we consider Dunham Mutual Fund to be very steady. Dunham Small Cap secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dunham Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Dunham Small's Coefficient Of Variation of 969.19, mean deviation of 0.7972, and Downside Deviation of 0.9558 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 1.28, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dunham Small will likely underperform.
Auto-correlation | 0.33 |
Below average predictability
Dunham Small Cap has below average predictability. Overlapping area represents the amount of predictability between Dunham Small time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Small Cap price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Dunham Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Dunham Small Cap lagged returns against current returns
Autocorrelation, which is Dunham Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Dunham Small returns to help us make a trade decision. For example, suppose you find that Dunham Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham Small Lagged Returns
When evaluating Dunham Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham Small mutual fund have on its future price. Dunham Small 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 Small autocorrelation shows the relationship between Dunham Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham Small Cap.
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 Small 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 Small security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |