Dunham International Opportunity Fund Market Value
| DNIOX Fund | USD 7.74 0.03 0.39% |
| Symbol | Dunham |
Dunham International '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 International'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 International.
| 03/07/2024 |
| 06/05/2024 |
If you would invest 0.00 in Dunham International on March 7, 2024 and sell it all today you would earn a total of 0.00 from holding Dunham International Opportunity or generate 0.0% return on investment in Dunham International over 90 days. The funds sub-adviser seeks to achieve its investment objectives by investing, under normal market conditions, at least ... More
Dunham International 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 International'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 International Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3176 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3927 |
Dunham International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dunham International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dunham International's standard deviation. In reality, there are many statistical measures that can use Dunham International historical prices to predict the future Dunham International's volatility.| Risk Adjusted Performance | 0.0115 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0045 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dunham International'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 International Backtested Returns
We consider Dunham International very steady. Dunham International secures Sharpe Ratio (or Efficiency) of 0.0409, which denotes the fund had a 0.0409% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dunham International Opportunity, which you can use to evaluate the volatility of the entity. Please confirm Dunham International's Mean Deviation of 0.1948, downside deviation of 0.3176, and Coefficient Of Variation of 2447.51 to check if the risk estimate we provide is consistent with the expected return of 0.0106%. The fund shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Dunham International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dunham International is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Dunham International Opportunity has below average predictability. Overlapping area represents the amount of predictability between Dunham International time series from 7th of March 2024 to 21st of April 2024 and 21st of April 2024 to 5th of June 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 International price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Dunham International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dunham International lagged returns against current returns
Autocorrelation, which is Dunham International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Dunham International returns to help us make a trade decision. For example, suppose you find that Dunham International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dunham International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dunham International Lagged Returns
When evaluating Dunham International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dunham International mutual fund have on its future price. Dunham International 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 International autocorrelation shows the relationship between Dunham International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dunham International Opportunity.
Regressed Prices |
| Timeline |
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Other Information on Investing in Dunham Mutual Fund
Dunham International 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 International security.
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