Doubleline Floating Correlations

DLFRX Fund

USD 8.98 0.01 0.11%

The current 90-days correlation between Doubleline Floating Rate and Doubleline E Fixed is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Doubleline Floating Rate and DJI is 0.4 (i.e., Very weak 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

0.74	DSENX	Doubleline Shiller	Pair Corr
0.74	DSEEX	Doubleline Shiller	Pair Corr
0.61	DBCMX	Doubleline Strategic	Pair Corr
0.96	DBFRX	Doubleline Floating Rate	Pair Corr
0.74	DDCPX	Doubleline Shiller	Pair Corr
0.8	OOSYX	Oppenheimer Senior	Pair Corr
0.8	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
0.38	SMPSX	Semiconductor Ultrasector	Pair Corr
0.32	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	DLFNX	DLENX	DLSNX	DLINX	DBFRX
DLFNX		0.94	0.96	0.95	0.41	DLFNX
DLENX	0.94		0.98	0.98	0.57	DLENX
DLSNX	0.96	0.98		0.99	0.52	DLSNX
DLINX	0.95	0.98	0.99		0.56	DLINX
DBFRX	0.41	0.57	0.52	0.56		DBFRX
	DLFNX	DLENX	DLSNX	DLINX	DBFRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DLFNX	0.21	0.02	0.04	0.57	0.18	(0.26)	0.54	(0.33)	1.33
DLENX	0.11	0.03	0.14	1.09	0.00	(0.17)	0.23	(0.11)	0.67
DLSNX	0.05	0.01	0.08	1.91	0.00	(0.12)	0.11	(0.10)	0.32
DLINX	0.06	0.01	0.07	(0.80)	0.00	(0.12)	0.12	(0.12)	0.35
DBFRX	0.05	0.00	(0.05)	(0.19)	0.00	(0.11)	0.11	(0.11)	0.34

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