Doubleline Shiller Correlations

DSENX Fund

USD 15.50 0.02 0.13%

The current 90-days correlation between Doubleline Shiller and Doubleline Shiller Enhanced is -0.12 (i.e., Good 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

Poor diversification

The correlation between Doubleline Shiller Enhanced and DJI is 0.79 (i.e., Poor 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 board of governors.

Moving together with Doubleline Mutual Fund

0.77	DLFRX	Doubleline Floating Rate	Pair Corr
0.92	DSEEX	Doubleline Shiller	Pair Corr
0.69	DBFRX	Doubleline Floating Rate	Pair Corr
0.92	DDCPX	Doubleline Shiller	Pair Corr

Moving against Doubleline Mutual Fund

0.6	DLMOX	Doubleline Multi Asset	Pair Corr
0.59	DBMOX	Doubleline Multi Asset	Pair Corr
0.53	PQTAX	Pimco Trends Managed	Pair Corr
0.53	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	DSEEX	EGFFX	PARWX	DLEUX	DLTNX
DSEEX		0.34	0.66	0.51	0.44	DSEEX
EGFFX	0.34		0.73	-0.44	-0.54	EGFFX
PARWX	0.66	0.73		-0.09	-0.22	PARWX
DLEUX	0.51	-0.44	-0.09		0.95	DLEUX
DLTNX	0.44	-0.54	-0.22	0.95		DLTNX
	DSEEX	EGFFX	PARWX	DLEUX	DLTNX

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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

DLTNX	+ 0.95	DLEUX
PARWX	+ 0.73	EGFFX
PARWX	+ 0.66	DSEEX
DLEUX	+ 0.51	DSEEX
DLTNX	+ 0.44	DSEEX
EGFFX	+ 0.34	DSEEX

High negative correlations

DLTNX	- 0.54	EGFFX
DLEUX	- 0.44	EGFFX
DLTNX	- 0.22	PARWX
DLEUX	- 0.09	PARWX

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
DSEEX	0.68	(0.03)	0.00	0.13	0.00	0.00	1.33	(1.59)	3.52
EGFFX	1.24	(0.34)	0.00	0.51	0.00	0.00	1.63	(2.69)	18.76
PARWX	0.72	(0.06)	0.00	0.30	0.00	0.00	1.32	(1.57)	3.61
DLEUX	0.67	0.09	0.12	0.36	0.66	(0.75)	1.57	(1.29)	4.02
DLTNX	0.22	0.03	0.11	1.06	0.08	(0.31)	0.57	(0.34)	1.40

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