Doubleline Global Correlations

DLGBX Fund

USD 8.34 0.01 0.12%

The current 90-days correlation between Doubleline Global Bond and Doubleline Flexible Income is 0.01 (i.e., Significant diversification). The correlation of Doubleline Global 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 Global Correlation With Market

Average diversification

The correlation between Doubleline Global Bond and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Global Bond 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 Global Bond. 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 bureau of labor statistics.

Moving together with Doubleline Mutual Fund

0.91	DLENX	Doubleline Emerging	Pair Corr
0.95	DLELX	Doubleline Emerging	Pair Corr
0.96	DLFNX	Doubleline E Fixed	Pair Corr
0.96	DLEUX	Doubleline Shiller	Pair Corr
0.88	DLINX	Doubleline Flexible	Pair Corr
0.96	DLLDX	Doubleline Long Duration	Pair Corr
0.9	DLSNX	Doubleline Low Duration	Pair Corr
0.96	DLTNX	Doubleline Total Return	Pair Corr
0.97	BILTX	Doubleline Infrastructure	Pair Corr
0.96	BILDX	Doubleline Infrastructure	Pair Corr
0.96	DSEUX	Doubleline Shiller	Pair Corr
0.93	DBELX	Doubleline Emerging	Pair Corr
0.96	DBLTX	Doubleline Total Return	Pair Corr
0.9	DBLSX	Doubleline Low Duration	Pair Corr
0.86	DBLNX	Doubleline Income	Pair Corr
0.9	DBLLX	Doubleline Low Duration	Pair Corr
0.88	DBLIX	Doubleline Income	Pair Corr
0.92	DBLEX	Doubleline Emerging	Pair Corr
1.0	DBLGX	Doubleline Global Bond	Pair Corr
0.96	DBLFX	Doubleline E Fixed	Pair Corr
0.96	DBLDX	Doubleline Long Duration	Pair Corr
0.95	DBSCX	Doubleline Selective	Pair Corr
0.94	DDCFX	Doubleline Core Fixed	Pair Corr
0.89	DDLDX	Doubleline Low Duration	Pair Corr
0.96	DDTRX	Doubleline Total Return	Pair Corr
0.89	DELNX	Doubleline Low Duration	Pair Corr
0.89	DFFLX	Doubleline Flexible	Pair Corr
0.89	DFLEX	Doubleline Flexible	Pair Corr
0.97	FGBRX	Templeton Global Bond	Pair Corr
0.96	FBNRX	Templeton Global Bond	Pair Corr

Moving against Doubleline Mutual Fund

0.46	DLMOX	Doubleline Multi Asset	Pair Corr
0.49	DBMOX	Doubleline Multi Asset	Pair Corr

Related Correlations Analysis

	DLINX	DLFRX	DLFNX	DLCMX	DLLDX
DLINX		0.54	0.94	0.04	0.84	DLINX
DLFRX	0.54		0.39	0.6	0.26	DLFRX
DLFNX	0.94	0.39		-0.18	0.97	DLFNX
DLCMX	0.04	0.6	-0.18		-0.34	DLCMX
DLLDX	0.84	0.26	0.97	-0.34		DLLDX
	DLINX	DLFRX	DLFNX	DLCMX	DLLDX

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

DLLDX	+ 0.97	DLFNX
DLFNX	+ 0.94	DLINX
DLLDX	+ 0.84	DLINX
DLCMX	+ 0.6	DLFRX
DLFRX	+ 0.54	DLINX
DLFNX	+ 0.39	DLFRX

High negative correlations

DLLDX	- 0.34	DLCMX
DLCMX	- 0.18	DLFNX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Global 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 Global'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
DLINX	0.06	0.01	0.40	(0.77)	0.00	(0.12)	0.12	(0.12)	0.35
DLFRX	0.03	0.00	0.26	(0.20)	0.00	(0.11)	0.11	(0.11)	0.22
DLFNX	0.21	0.01	0.17	0.55	0.18	(0.26)	0.54	(0.33)	1.33
DLCMX	0.38	0.01	0.09	0.44	0.43	(0.44)	0.73	(0.72)	2.86
DLLDX	0.55	0.01	0.06	1.08	0.58	(0.66)	1.42	(0.96)	2.96

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