Doubleline Floating Correlations

DBFRX Fund

USD 8.93 0.00 0.00%

The current 90-days correlation between Doubleline Floating Rate and Doubleline Total Return is -0.05 (i.e., Good 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

Poor diversification

The correlation between Doubleline Floating Rate and DJI is 0.71 (i.e., 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 real.

Moving together with Doubleline Mutual Fund

0.82	DLENX	Doubleline Emerging	Pair Corr
0.97	DLFRX	Doubleline Floating Rate	Pair Corr
0.66	DLINX	Doubleline Flexible	Pair Corr
0.61	DBCMX	Doubleline Strategic Steady Growth	Pair Corr
0.64	DBLLX	Doubleline Low Duration	Pair Corr
0.9	DBLIX	Doubleline Income	Pair Corr
0.74	DBLEX	Doubleline Emerging	Pair Corr
0.72	DELNX	Doubleline Low Duration	Pair Corr
0.62	DFFLX	Doubleline Flexible	Pair Corr

Related Correlations Analysis

	DLCMX	DLELX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX	DLTNX
DLCMX		0.88	0.8	0.9	0.82	0.87	0.7	0.9	0.82	DLCMX
DLELX	0.88		0.85	0.96	0.96	0.96	0.65	0.95	0.82	DLELX
DLFNX	0.8	0.85		0.91	0.9	0.85	0.91	0.91	0.99	DLFNX
DLEUX	0.9	0.96	0.91		0.96	0.91	0.77	0.94	0.9	DLEUX
DLGBX	0.82	0.96	0.9	0.96		0.9	0.75	0.91	0.87	DLGBX
DLINX	0.87	0.96	0.85	0.91	0.9		0.62	0.98	0.82	DLINX
DLLDX	0.7	0.65	0.91	0.77	0.75	0.62		0.71	0.93	DLLDX
DLSNX	0.9	0.95	0.91	0.94	0.91	0.98	0.71		0.9	DLSNX
DLTNX	0.82	0.82	0.99	0.9	0.87	0.82	0.93	0.9		DLTNX
	DLCMX	DLELX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX	DLTNX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DLCMX	0.67	0.20	0.19	0.79	0.58	(0.77)	1.40	(1.19)	3.49
DLELX	0.26	0.03	0.00	0.18	0.41	(0.30)	0.61	(0.51)	2.03
DLFNX	0.13	0.00	(0.20)	(0.24)	0.11	(0.17)	0.32	(0.21)	0.85
DLEUX	0.59	0.13	0.11	0.41	0.70	(0.63)	1.40	(1.38)	3.10
DLGBX	0.21	0.01	(0.07)	0.19	0.27	(0.23)	0.45	(0.45)	1.47
DLINX	0.06	0.00	(0.20)	0.01	0.00	(0.11)	0.12	(0.11)	0.46
DLLDX	0.35	0.01	(0.06)	0.52	0.38	(0.44)	0.95	(0.79)	2.18
DLSNX	0.04	0.00	(0.27)	(0.07)	0.00	(0.11)	0.10	(0.10)	0.41
DLTNX	0.12	0.00	(0.17)	(0.14)	0.06	(0.19)	0.33	(0.23)	0.89

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Doubleline Floating Correlations

Doubleline Floating Correlation With Market

Poor diversification

Moving together with Doubleline Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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