Doubleline Emerging Correlations

DBLEX Fund

USD 9.13 0.02 0.22%

The current 90-days correlation between Doubleline Emerging and Doubleline Low Duration is 0.02 (i.e., Significant diversification). The correlation of Doubleline Emerging 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 Emerging Correlation With Market

Very poor diversification

The correlation between Doubleline Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Emerging Markets 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 Emerging Markets. 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 discontinued.

Moving together with Doubleline Mutual Fund

0.87	DLCMX	Doubleline Strategic	Pair Corr
0.98	DLENX	Doubleline Emerging	Pair Corr
0.88	DLELX	Doubleline Emerging	Pair Corr
0.79	DLFRX	Doubleline Floating Rate	Pair Corr
0.68	DLFNX	Doubleline E Fixed	Pair Corr
0.81	DLEUX	Doubleline Shiller	Pair Corr
0.78	DLGBX	Doubleline Global Bond	Pair Corr
0.89	DLINX	Doubleline Flexible	Pair Corr
0.86	DLSNX	Doubleline Low Duration	Pair Corr
0.63	DLTNX	Doubleline Total Return	Pair Corr
0.75	BILTX	Doubleline Infrastructure	Pair Corr
0.71	BILDX	Doubleline Infrastructure	Pair Corr
0.81	DSEUX	Doubleline Shiller	Pair Corr
0.8	DSENX	Doubleline Shiller	Pair Corr
0.81	DSEEX	Doubleline Shiller	Pair Corr
0.88	DBCMX	Doubleline Strategic	Pair Corr
0.88	DBELX	Doubleline Emerging	Pair Corr
0.88	DBFRX	Doubleline Floating Rate	Pair Corr
0.64	DBLTX	Doubleline Total Return	Pair Corr
0.86	DBLSX	Doubleline Low Duration	Pair Corr
0.91	DBLNX	Doubleline Income	Pair Corr
0.93	DBLLX	Doubleline Low Duration	Pair Corr
0.78	DBLIX	Doubleline Income	Pair Corr
0.77	DBLGX	Doubleline Global Bond	Pair Corr
0.72	DBLFX	Doubleline E Fixed	Pair Corr
0.8	DBSCX	Doubleline Selective	Pair Corr
0.73	DDCFX	Doubleline Core Fixed	Pair Corr
0.82	DDCPX	Doubleline Shiller	Pair Corr
0.86	DDLDX	Doubleline Low Duration	Pair Corr
0.67	DDTRX	Doubleline Total Return	Pair Corr
0.93	DELNX	Doubleline Low Duration	Pair Corr
0.9	DFFLX	Doubleline Flexible	Pair Corr
0.89	DFLEX	Doubleline Flexible	Pair Corr
0.85	MEDIX	Mfs Emerging Markets	Pair Corr
0.84	MEDCX	Mfs Emerging Markets	Pair Corr
0.85	MEDAX	Mfs Emerging Markets	Pair Corr
0.84	MEDBX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	DLCMX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX
DLCMX		0.92	0.67	0.73	0.88	0.82	0.88	0.39	0.86	DLCMX
DLELX	0.92		0.63	0.82	0.96	0.96	0.94	0.37	0.93	DLELX
DLFRX	0.67	0.63		0.53	0.49	0.5	0.8	0.03	0.75	DLFRX
DLFNX	0.73	0.82	0.53		0.83	0.86	0.87	0.69	0.9	DLFNX
DLEUX	0.88	0.96	0.49	0.83		0.95	0.88	0.45	0.88	DLEUX
DLGBX	0.82	0.96	0.5	0.86	0.95		0.88	0.48	0.88	DLGBX
DLINX	0.88	0.94	0.8	0.87	0.88	0.88		0.34	0.99	DLINX
DLLDX	0.39	0.37	0.03	0.69	0.45	0.48	0.34		0.39	DLLDX
DLSNX	0.86	0.93	0.75	0.9	0.88	0.88	0.99	0.39		DLSNX
	DLCMX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Emerging 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 Emerging'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	0.64	0.06	0.02	0.32	0.74	(0.68)	1.37	(1.19)	3.49
DLELX	0.22	0.07	0.04	0.56	0.00	(0.29)	0.61	(0.32)	2.03
DLFRX	0.05	0.00	(0.50)	0.01	0.00	(0.11)	0.11	(0.11)	0.22
DLFNX	0.13	0.02	(0.25)	0.64	0.00	(0.17)	0.32	(0.21)	0.54
DLEUX	0.60	0.15	0.14	0.42	0.51	(0.69)	1.41	(1.05)	3.57
DLGBX	0.18	0.03	(0.09)	0.71	0.00	(0.24)	0.45	(0.23)	1.47
DLINX	0.06	0.01	(0.35)	0.63	0.00	(0.11)	0.12	(0.11)	0.23
DLLDX	0.37	0.03	(0.05)	0.37	0.35	(0.45)	0.95	(0.63)	2.07
DLSNX	0.05	0.01	(0.45)	(2.02)	0.00	(0.11)	0.10	(0.10)	0.31

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Doubleline Emerging Correlations

Doubleline Emerging Correlation With Market

Very poor diversification

Moving together with Doubleline Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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