Doubleline Shiller Correlations

DLEUX Fund

USD 11.49 0.10 0.88%

The current 90-days correlation between Doubleline Shiller and Doubleline Shiller Enhanced is 0.18 (i.e., Average diversification). The correlation of Doubleline Shiller 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 Shiller Correlation With Market

Average diversification

The correlation between Doubleline Shiller Enhanced and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Shiller Enhanced 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 Shiller Enhanced. 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 employment.

Moving together with Doubleline Mutual Fund

0.91	DLELX	Doubleline Emerging	Pair Corr
0.79	DLFNX	Doubleline E Fixed	Pair Corr
0.89	DLGBX	Doubleline Global Bond	Pair Corr
0.74	DLLDX	Doubleline Long Duration	Pair Corr
0.87	DLMOX	Doubleline Multi Asset	Pair Corr
0.78	DLTNX	Doubleline Total Return	Pair Corr
0.77	BILTX	Doubleline Infrastructure	Pair Corr
0.76	BILDX	Doubleline Infrastructure	Pair Corr
1.0	DSEUX	Doubleline Shiller	Pair Corr
0.91	DBELX	Doubleline Emerging	Pair Corr
0.75	DBLTX	Doubleline Total Return	Pair Corr
0.89	DBLGX	Doubleline Global Bond	Pair Corr
0.79	DBLFX	Doubleline E Fixed	Pair Corr
0.74	DBLDX	Doubleline Long Duration	Pair Corr
0.86	DBMOX	Doubleline Multi Asset	Pair Corr
0.79	DDCFX	Doubleline Core Fixed	Pair Corr
0.75	DDTRX	Doubleline Total Return	Pair Corr
0.98	VEUSX	Vanguard European Stock	Pair Corr
0.98	VESIX	Vanguard European Stock	Pair Corr

Moving against Doubleline Mutual Fund

0.85	DLFRX	Doubleline Floating Rate	Pair Corr
0.81	DSENX	Doubleline Shiller	Pair Corr
0.81	DSEEX	Doubleline Shiller	Pair Corr
0.79	DBFRX	Doubleline Floating Rate	Pair Corr
0.53	DLINX	Doubleline Flexible	Pair Corr
0.44	DBLIX	Doubleline Income	Pair Corr
0.43	DBLLX	Doubleline Low Duration	Pair Corr
0.37	DBLNX	Doubleline Income	Pair Corr
0.88	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.87	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.87	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.86	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	DDCPX	Doubleline Shiller	Pair Corr
0.53	DFFLX	Doubleline Flexible	Pair Corr
0.51	DFLEX	Doubleline Flexible	Pair Corr
0.33	DELNX	Doubleline Low Duration	Pair Corr

Related Correlations Analysis

	DSENX	DSEUX	DLCMX	CAPE	DLREX
DSENX		-0.8	-0.32	0.99	0.74	DSENX
DSEUX	-0.8		0.55	-0.84	-0.76	DSEUX
DLCMX	-0.32	0.55		-0.33	-0.53	DLCMX
CAPE	0.99	-0.84	-0.33		0.73	CAPE
DLREX	0.74	-0.76	-0.53	0.73		DLREX
	DSENX	DSEUX	DLCMX	CAPE	DLREX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CAPE	+ 0.99	DSENX
DLREX	+ 0.74	DSENX
DLREX	+ 0.73	CAPE
DLCMX	+ 0.55	DSEUX

High negative correlations

CAPE	- 0.84	DSEUX
DSEUX	- 0.8	DSENX
DLREX	- 0.76	DSEUX
DLREX	- 0.53	DLCMX
CAPE	- 0.33	DLCMX
DLCMX	- 0.32	DSENX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Shiller 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 Shiller'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
DSENX	0.54	0.05	0.02	0.18	0.48	(0.61)	0.99	(1.07)	3.02
DSEUX	0.69	(0.16)	0.00	(0.87)	0.00	0.00	1.12	(1.40)	4.75
DLCMX	0.60	(0.07)	0.00	(2.12)	0.00	0.00	1.01	(1.37)	2.81
CAPE	0.56	0.05	0.03	0.18	0.48	(0.63)	1.25	(0.97)	3.11
DLREX	0.75	0.03	(0.06)	0.20	0.89	(0.82)	1.62	(1.48)	4.20

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC