Doubleline Floating Correlations

DBFRX Fund

USD 8.95 0.01 0.11%

The current 90-days correlation between Doubleline Floating Rate and Gabelli Convertible And is -0.02 (i.e., Good diversification). The correlation of Doubleline Floating 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Doubleline Floating Correlation With Market

Average diversification

The correlation between Doubleline Floating Rate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doubleline Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Doubleline Mutual Fund

0.65	DLCMX	Doubleline Strategic	Pair Corr
0.96	DLFRX	Doubleline Floating Rate	Pair Corr
0.66	DSENX	Doubleline Shiller	Pair Corr
0.66	DSEEX	Doubleline Shiller	Pair Corr
0.66	DBCMX	Doubleline Strategic	Pair Corr
0.61	DBLNX	Doubleline Income	Pair Corr
0.66	DDCPX	Doubleline Shiller	Pair Corr
0.78	OOSYX	Oppenheimer Senior	Pair Corr
0.77	OOSIX	Oppenheimer Senior	Pair Corr

Moving against Doubleline Mutual Fund

0.71	DLMOX	Doubleline Multi Asset	Pair Corr
0.69	DBMOX	Doubleline Multi Asset	Pair Corr
0.44	SMPSX	Semiconductor Ultrasector	Pair Corr
0.37	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	GCV	XAVKX	LCFYX	PBXIX	PCNTX	ARBOX	VAADX	FSAWX
GCV		0.35	0.61	0.4	0.3	0.42	0.29	0.3	GCV
XAVKX	0.35		0.83	0.96	0.95	-0.36	0.95	-0.48	XAVKX
LCFYX	0.61	0.83		0.85	0.84	-0.1	0.83	-0.26	LCFYX
PBXIX	0.4	0.96	0.85		0.93	-0.29	0.92	-0.41	PBXIX
PCNTX	0.3	0.95	0.84	0.93		-0.52	0.99	-0.64	PCNTX
ARBOX	0.42	-0.36	-0.1	-0.29	-0.52		-0.52	0.98	ARBOX
VAADX	0.29	0.95	0.83	0.92	0.99	-0.52		-0.64	VAADX
FSAWX	0.3	-0.48	-0.26	-0.41	-0.64	0.98	-0.64		FSAWX
	GCV	XAVKX	LCFYX	PBXIX	PCNTX	ARBOX	VAADX	FSAWX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VAADX	+ 0.99	PCNTX
FSAWX	+ 0.98	ARBOX
PBXIX	+ 0.96	XAVKX
PCNTX	+ 0.95	XAVKX
VAADX	+ 0.95	XAVKX
PCNTX	+ 0.93	PBXIX

High negative correlations

FSAWX	- 0.64	VAADX
FSAWX	- 0.64	PCNTX
VAADX	- 0.52	ARBOX
ARBOX	- 0.52	PCNTX
FSAWX	- 0.48	XAVKX
FSAWX	- 0.41	PBXIX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Doubleline Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCV	0.91	0.05	0.04	0.10	1.18	(1.00)	2.17	(2.14)	6.16
XAVKX	0.55	(0.05)	0.00	0.58	0.00	0.00	0.93	(1.14)	2.56
LCFYX	0.66	(0.03)	0.00	(0.06)	0.00	0.00	1.12	(1.42)	3.20
PBXIX	0.43	(0.04)	0.00	0.62	0.00	0.00	0.82	(0.90)	2.66
PCNTX	0.66	(0.08)	0.00	1.61	0.00	0.00	1.26	(1.68)	3.46
ARBOX	0.05	0.02	0.00	1.32	0.00	0.00	0.09	0.00	0.18
VAADX	0.65	(0.10)	0.00	3.64	0.00	0.00	1.11	(1.67)	3.26
FSAWX	0.08	0.04	0.39	(1.05)	0.00	(0.14)	0.19	(0.10)	0.38

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