Doubleline Opportunistic Credit Etf Performance
| DBL Etf | USD 15.57 0.01 0.06% |
The etf shows a Beta (market volatility) of 0.0731, 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.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Doubleline Opportunistic Credit are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent fundamental drivers, Doubleline Opportunistic is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors. ...more
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Doubleline Opportunistic Relative Risk vs. Return Landscape
If you would invest 1,507 in Doubleline Opportunistic Credit on December 28, 2024 and sell it today you would earn a total of 50.00 from holding Doubleline Opportunistic Credit or generate 3.32% return on investment over 90 days. Doubleline Opportunistic Credit is generating 0.055% of daily returns assuming volatility of 0.3375% on return distribution over 90 days investment horizon. In other words, 3% of etfs are less volatile than Doubleline, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Doubleline Opportunistic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Opportunistic's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Doubleline Opportunistic Credit, and traders can use it to determine the average amount a Doubleline Opportunistic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1629
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Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Doubleline Opportunistic is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Doubleline Opportunistic by adding it to a well-diversified portfolio.
Doubleline Opportunistic Fundamentals Growth
Doubleline Etf prices reflect investors' perceptions of the future prospects and financial health of Doubleline Opportunistic, and Doubleline Opportunistic fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Doubleline Etf performance.
| Shares Outstanding | 15.4 M | ||||
About Doubleline Opportunistic Performance
By examining Doubleline Opportunistic's fundamental ratios, stakeholders can obtain critical insights into Doubleline Opportunistic's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Doubleline Opportunistic is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. DoubleLine Opportunistic is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.