Doubleline Floating Correlations

Mutual Funds USA . 
Fund . Doubleline Floating Rate
DBFRX Fund  USD 8.91  0.01  0.11%   
The current 90-days correlation between Doubleline Floating Rate and Great West Loomis Sayles is 0.19 (i.e., Average diversification). The correlation of Doubleline Floating 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 Floating Correlation With Market

Very poor diversification

The correlation between Doubleline Floating Rate and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Floating Rate 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 Floating Rate. 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 inflation.

Moving together with Doubleline Mutual Fund

  0.75DLCMX Doubleline StrategicPairCorr
  0.87DLENX Doubleline EmergingPairCorr
  0.8DLELX Doubleline EmergingPairCorr
  0.99DLFRX Doubleline Floating RatePairCorr
  0.74DLFNX Doubleline E FixedPairCorr
  0.7DLEUX Doubleline ShillerPairCorr
  0.68DLGBX Doubleline Global BondPairCorr
  0.92DLINX Doubleline FlexiblePairCorr
  0.89DLSNX Doubleline Low DurationPairCorr
  0.7DLTNX Doubleline Total ReturnPairCorr
  0.8BILTX Doubleline InfrastructurePairCorr
  0.75BILDX Doubleline InfrastructurePairCorr
  0.7DSEUX Doubleline ShillerPairCorr
  0.82DSENX Doubleline ShillerPairCorr
  0.82DSEEX Doubleline ShillerPairCorr
  0.76DBCMX Doubleline StrategicPairCorr
  0.78DBELX Doubleline EmergingPairCorr
  0.71DBLTX Doubleline Total ReturnPairCorr
  0.91DBLSX Doubleline Low DurationPairCorr
  0.92DBLNX Doubleline IncomePairCorr
  0.88DBLLX Doubleline Low DurationPairCorr
  0.94DBLIX Doubleline IncomePairCorr
  0.81DBLEX Doubleline EmergingPairCorr
  0.68DBLGX Doubleline Global BondPairCorr
  0.79DBLFX Doubleline E FixedPairCorr
  0.83DBSCX Doubleline SelectivePairCorr
  0.81DDCFX Doubleline Core FixedPairCorr
  0.83DDCPX Doubleline ShillerPairCorr
  0.91DDLDX Doubleline Low DurationPairCorr
  0.75DDTRX Doubleline Total ReturnPairCorr
  0.91DELNX Doubleline Low DurationPairCorr
  0.89DFFLX Doubleline FlexiblePairCorr
  0.89DFLEX Doubleline FlexiblePairCorr
  0.75OOSYX Oppenheimer SeniorPairCorr
  0.75OOSIX Oppenheimer SeniorPairCorr
  0.95LFRIX Floating RatePairCorr
  0.94LARCX Floating RatePairCorr

Moving against Doubleline Mutual Fund

  0.57XNXJX Nuveen New JerseyPairCorr
  0.52XDSMX Dreyfus StrategicPairCorr
  0.48NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Floating 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 Floating'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY