Doubleline Opportunistic Credit Etf Market Value
| DBL Etf | USD 15.73 0.10 0.64% |
| Symbol | Doubleline |
The market value of Doubleline Opportunistic is measured differently than its book value, which is the value of Doubleline that is recorded on the company's balance sheet. Investors also form their own opinion of Doubleline Opportunistic's value that differs from its market value or its book value, called intrinsic value, which is Doubleline Opportunistic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Doubleline Opportunistic's market value can be influenced by many factors that don't directly affect Doubleline Opportunistic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Doubleline Opportunistic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubleline Opportunistic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubleline Opportunistic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Doubleline Opportunistic 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Doubleline Opportunistic's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Doubleline Opportunistic.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Doubleline Opportunistic on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Opportunistic Credit or generate 0.0% return on investment in Doubleline Opportunistic over 90 days. Doubleline Opportunistic is related to or competes with Western Asset, Brandywineglobal, Western Asset, Doubleline Yield, Highland Floating, Alliancebernstein, and Western Asset. DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capita... More
Doubleline Opportunistic Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Doubleline Opportunistic's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Doubleline Opportunistic Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3984 | |||
| Information Ratio | 0.4873 | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.5165 |
Doubleline Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Opportunistic's standard deviation. In reality, there are many statistical measures that can use Doubleline Opportunistic historical prices to predict the future Doubleline Opportunistic's volatility.| Risk Adjusted Performance | 0.0814 | |||
| Jensen Alpha | 0.0466 | |||
| Total Risk Alpha | 0.0894 | |||
| Sortino Ratio | 0.4322 | |||
| Treynor Ratio | 0.2551 |
Doubleline Opportunistic Backtested Returns
As of now, Doubleline Etf is very steady. Doubleline Opportunistic secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the etf had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Doubleline Opportunistic Credit, which you can use to evaluate the volatility of the entity. Please confirm Doubleline Opportunistic's Downside Deviation of 0.3984, coefficient of variation of 885.43, and Mean Deviation of 0.2768 to check if the risk estimate we provide is consistent with the expected return of 0.0393%. The etf shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Opportunistic is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Doubleline Opportunistic Credit has insignificant reverse predictability. Overlapping area represents the amount of predictability between Doubleline Opportunistic time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Doubleline Opportunistic price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Doubleline Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Doubleline Opportunistic lagged returns against current returns
Autocorrelation, which is Doubleline Opportunistic etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Doubleline Opportunistic's etf expected returns. We can calculate the autocorrelation of Doubleline Opportunistic returns to help us make a trade decision. For example, suppose you find that Doubleline Opportunistic has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Doubleline Opportunistic regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Doubleline Opportunistic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Opportunistic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubleline Opportunistic etf over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Opportunistic Lagged Returns
When evaluating Doubleline Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Opportunistic etf have on its future price. Doubleline Opportunistic autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Doubleline Opportunistic autocorrelation shows the relationship between Doubleline Opportunistic etf current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Opportunistic Credit.
Regressed Prices |
| Timeline |
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Doubleline Opportunistic financial ratios help investors to determine whether Doubleline Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Doubleline with respect to the benefits of owning Doubleline Opportunistic security.