Dunham Small Price To Book vs. One Year Return

DNDGX Fund  USD 21.20  0.08  0.38%   
Taking into consideration Dunham Small's profitability measurements, Dunham Small Cap may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Dunham Small's ability to earn profits and add value for shareholders.
For Dunham Small profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Dunham Small to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Dunham Small Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Dunham Small's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Dunham Small Cap over time as well as its relative position and ranking within its peers.
  
Check out Investing Opportunities.
Please note, there is a significant difference between Dunham Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dunham Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dunham Small'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.

Dunham Small Cap One Year Return vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Dunham Small's current stock value. Our valuation model uses many indicators to compare Dunham Small value to that of its competitors to determine the firm's financial worth.
Dunham Small Cap is one of the top funds in price to book among similar funds. It also is one of the top funds in one year return among similar funds reporting about  9.21  of One Year Return per Price To Book. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Dunham Small's earnings, one of the primary drivers of an investment's value.

Dunham One Year Return vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Dunham Small

P/B

 = 

MV Per Share

BV Per Share

 = 
3.57 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

Dunham Small

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
32.89 %
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Dunham One Year Return Comparison

Dunham Small is currently under evaluation in one year return among similar funds.

Dunham Small Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Dunham Small, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Dunham Small will eventually generate negative long term returns. The profitability progress is the general direction of Dunham Small's change in net profit over the period of time. It can combine multiple indicators of Dunham Small, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal market conditions, the fund invests at least 80 percent of its assets in small cap companies. The managers define small capitalization companies as those companies whose market capitalizations are equal to or less than the largest company in the Russell 2000 Index during the most recent 12-month period.

Dunham Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Dunham Small. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Dunham Small position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Dunham Small's important profitability drivers and their relationship over time.

Use Dunham Small in pair-trading

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 Small 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 Small will appreciate offsetting losses from the drop in the long position's value.

Dunham Small Pair Trading

Dunham Small Cap Pair Trading Analysis

The ability to find closely correlated positions to Dunham Small 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 Small 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 Small - 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 Small Cap to buy it.
The correlation of Dunham Small 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 Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dunham Small 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 Small 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Dunham Small position

In addition to having Dunham Small in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Dividend Beast Thematic Idea Now

Dividend Beast
Dividend Beast Theme
An experimental equal-weighted theme of equities with high dividend yield and solid fundamentals based on Macroaxis rating system. The Dividend Beast theme has 69 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Dividend Beast Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Dunham Mutual Fund

To fully project Dunham Small's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Dunham Small Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Dunham Small's income statement, its balance sheet, and the statement of cash flows.
Potential Dunham Small investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Dunham Small investors may work on each financial statement separately, they are all related. The changes in Dunham Small's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dunham Small's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes