Doubleline Yield Opportunities Fund Market Value
| DLY Fund | USD 16.43 0.01 0.06% |
| Symbol | DoubleLine |
Doubleline Yield '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 Yield's fund 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 Yield.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Doubleline Yield on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Yield Opportunities or generate 0.0% return on investment in Doubleline Yield over 30 days. Doubleline Yield is related to or competes with Highland Floating, Doubleline Opportunistic, Alliancebernstein, Western Asset, Neuberger Berman, Highland Global, and Doubleline Income. Doubleline Yield is entity of United States More
Doubleline Yield 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 Yield's fund 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 Yield Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6815 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.9446 |
Doubleline Yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Yield's standard deviation. In reality, there are many statistical measures that can use Doubleline Yield historical prices to predict the future Doubleline Yield's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.0164 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1992 |
Doubleline Yield Opp Backtested Returns
At this stage we consider DoubleLine Fund to be very steady. Doubleline Yield Opp secures Sharpe Ratio (or Efficiency) of 0.0642, which denotes the fund had a 0.0642% return per unit of risk over the last 3 months. We have found thirty technical indicators for Doubleline Yield Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Doubleline Yield's Downside Deviation of 0.6815, coefficient of variation of 1208.52, and Mean Deviation of 0.4982 to check if the risk estimate we provide is consistent with the expected return of 0.0437%. The fund shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Yield is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Doubleline Yield Opportunities has modest predictability. Overlapping area represents the amount of predictability between Doubleline Yield time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. 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 Yield Opp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Doubleline Yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Doubleline Yield Opp lagged returns against current returns
Autocorrelation, which is Doubleline Yield fund'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 Yield's fund expected returns. We can calculate the autocorrelation of Doubleline Yield returns to help us make a trade decision. For example, suppose you find that Doubleline Yield has exhibited high autocorrelation historically, and you observe that the fund 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 Yield 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 Yield fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Yield fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubleline Yield fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Yield Lagged Returns
When evaluating Doubleline Yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Yield fund have on its future price. Doubleline Yield 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 Yield autocorrelation shows the relationship between Doubleline Yield fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Yield Opportunities.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in DoubleLine Fund
Doubleline Yield financial ratios help investors to determine whether DoubleLine Fund 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 Yield security.
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