Doubleline Low Correlations

DELNX Fund

USD 9.59 0.01 0.10%

The current 90-days correlation between Doubleline Low Duration and Doubleline E Fixed is 0.42 (i.e., Very weak diversification). The correlation of Doubleline Low 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 Low Correlation With Market

Good diversification

The correlation between Doubleline Low Duration and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Low Duration 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 Low Duration. 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 board of governors.

Moving together with Doubleline Mutual Fund

0.71	DLFRX	Doubleline Floating Rate	Pair Corr
0.84	DLINX	Doubleline Flexible	Pair Corr
0.75	DBFRX	Doubleline Floating Rate	Pair Corr
0.76	DBLNX	Doubleline Income	Pair Corr
0.96	DBLLX	Doubleline Low Duration	Pair Corr
0.81	DBLIX	Doubleline Income	Pair Corr
0.88	DFFLX	Doubleline Flexible	Pair Corr
0.9	DFLEX	Doubleline Flexible	Pair Corr

Moving against Doubleline Mutual Fund

0.52	DBLTX	Doubleline Total Return	Pair Corr
0.48	DLTNX	Doubleline Total Return	Pair Corr
0.45	DLFNX	Doubleline E Fixed	Pair Corr
0.33	DLEUX	Doubleline Shiller	Pair Corr
0.33	DSEUX	Doubleline Shiller	Pair Corr
0.32	BILTX	Doubleline Infrastructure	Pair Corr
0.31	BILDX	Doubleline Infrastructure	Pair Corr
0.62	DBLDX	Doubleline Long Duration	Pair Corr
0.53	DBLGX	Doubleline Global Bond	Pair Corr
0.52	DDTRX	Doubleline Total Return	Pair Corr
0.44	DBLFX	Doubleline E Fixed	Pair Corr
0.44	DDCFX	Doubleline Core Fixed	Pair Corr

Related Correlations Analysis

	DLFNX	DLTNX	DLSNX	TGINX
DLFNX		0.97	0.48	0.6	DLFNX
DLTNX	0.97		0.42	0.55	DLTNX
DLSNX	0.48	0.42		0.78	DLSNX
TGINX	0.6	0.55	0.78		TGINX
	DLFNX	DLTNX	DLSNX	TGINX

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Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Low 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 Low'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
DLFNX	0.21	(0.01)	0.00	0.33	0.00	0.00	0.43	(0.43)	1.17
DLTNX	0.22	(0.04)	0.00	(0.35)	0.00	0.00	0.46	(0.45)	1.45
DLSNX	0.05	0.00	(0.79)	0.04	0.00	(0.10)	0.10	(0.10)	0.42
TGINX	0.21	0.01	(0.36)	0.28	0.18	(0.29)	0.47	(0.47)	1.76

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