Doubleline Opportunistic One Year Return vs. Year To Date Return
| DBL Etf | USD 15.38 0.10 0.65% |
For Doubleline Opportunistic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Doubleline Opportunistic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Doubleline Opportunistic Credit utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Doubleline Opportunistic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Doubleline Opportunistic Credit over time as well as its relative position and ranking within its peers.
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 Year To Date Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Doubleline Opportunistic's current stock value. Our valuation model uses many indicators to compare Doubleline Opportunistic value to that of its competitors to determine the firm's financial worth. Doubleline Opportunistic Credit is rated # 4 ETF in one year return as compared to similar ETFs. It also is rated # 4 ETF in year to date return as compared to similar ETFs creating about 0.95 of Year To Date Return per One Year Return. The ratio of One Year Return to Year To Date Return for Doubleline Opportunistic Credit is roughly 1.06 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Doubleline Opportunistic by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Doubleline Year To Date Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Doubleline Opportunistic |
| = | 12.31 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Doubleline Opportunistic |
| = | 11.63 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Doubleline Year To Date Return Comparison
Doubleline Opportunistic is currently under evaluation in year to date return as compared to similar ETFs.
Doubleline Opportunistic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Doubleline Opportunistic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Doubleline Opportunistic will eventually generate negative long term returns. The profitability progress is the general direction of Doubleline Opportunistic's change in net profit over the period of time. It can combine multiple indicators of Doubleline Opportunistic, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. DoubleLine Opportunistic Credit Fund was formed on July 22, 2011 and is domiciled in the United States.
Doubleline Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Doubleline Opportunistic. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Doubleline Opportunistic position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Doubleline Opportunistic's important profitability drivers and their relationship over time.
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Use Doubleline Opportunistic in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Doubleline Opportunistic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Doubleline Opportunistic will appreciate offsetting losses from the drop in the long position's value.Doubleline Opportunistic Pair Trading
Doubleline Opportunistic Credit Pair Trading Analysis
The ability to find closely correlated positions to Doubleline Opportunistic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doubleline Opportunistic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Doubleline Opportunistic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Doubleline Opportunistic Credit to buy it.
The correlation of Doubleline Opportunistic 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doubleline Opportunistic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubleline Opportunistic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Doubleline Opportunistic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Doubleline Opportunistic position
In addition to having Doubleline Opportunistic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Funds or Etfs investing in stocks, bonds, and cash of domestic markets as well as in markets of Canada, Japan, and Europe. The World Allocation Funds theme has 44 constituents at this time.
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Other Information on Investing in Doubleline Etf
To fully project Doubleline Opportunistic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Doubleline Opportunistic at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Doubleline Opportunistic's income statement, its balance sheet, and the statement of cash flows.