Doubleline Total Correlations
DBLTX Fund | USD 8.74 0.01 0.11% |
The current 90-days correlation between Doubleline Total Return and Doubleline Strategic Modity is -0.06 (i.e., Good diversification). The correlation of Doubleline Total 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 Total Correlation With Market
Good diversification
The correlation between Doubleline Total Return and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Total Return and DJI in the same portfolio, assuming nothing else is changed.
Doubleline |
Moving together with Doubleline Mutual Fund
0.87 | DLELX | Doubleline Emerging | PairCorr |
0.99 | DLFNX | Doubleline E Fixed | PairCorr |
0.77 | DLEUX | Doubleline Shiller | PairCorr |
0.98 | DLLDX | Doubleline Long Duration | PairCorr |
0.86 | DLMOX | Doubleline Multi Asset | PairCorr |
1.0 | DLTNX | Doubleline Total Return | PairCorr |
0.96 | BILTX | Doubleline Infrastructure | PairCorr |
0.96 | BILDX | Doubleline Infrastructure | PairCorr |
0.77 | DSEUX | Doubleline Shiller | PairCorr |
0.86 | DBELX | Doubleline Emerging | PairCorr |
0.96 | DBLGX | Doubleline Global Bond | PairCorr |
0.99 | DBLFX | Doubleline E Fixed | PairCorr |
0.98 | DBLDX | Doubleline Long Duration | PairCorr |
0.86 | DBMOX | Doubleline Multi Asset | PairCorr |
0.99 | DDCFX | Doubleline Core Fixed | PairCorr |
1.0 | DDTRX | Doubleline Total Return | PairCorr |
0.99 | MWTNX | Metropolitan West Total | PairCorr |
0.99 | MWTSX | Metropolitan West Total | PairCorr |
0.98 | PTTPX | Pimco Total Return | PairCorr |
Moving against Doubleline Mutual Fund
0.82 | DLFRX | Doubleline Floating Rate | PairCorr |
0.8 | DBFRX | Doubleline Floating Rate | PairCorr |
0.62 | DSENX | Doubleline Shiller | PairCorr |
0.62 | DSEEX | Doubleline Shiller | PairCorr |
0.4 | DLINX | Doubleline Flexible | PairCorr |
0.62 | DDCPX | Doubleline Shiller | PairCorr |
0.52 | DBLLX | Doubleline Low Duration | PairCorr |
0.47 | DELNX | Doubleline Low Duration | PairCorr |
0.47 | DFFLX | Doubleline Flexible | PairCorr |
0.46 | DFLEX | Doubleline Flexible | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Doubleline Mutual Fund performing well and Doubleline Total 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 Total'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 | 0.62 | (0.03) | 0.00 | (0.19) | 0.00 | 1.12 | 3.49 | |||
DLENX | 0.11 | (0.01) | (0.75) | (0.35) | 0.12 | 0.22 | 0.67 | |||
DLELX | 0.34 | (0.06) | 0.00 | (1.14) | 0.00 | 0.67 | 1.96 | |||
DLFRX | 0.05 | 0.02 | 0.00 | 2.13 | 0.00 | 0.11 | 0.11 | |||
DLFNX | 0.20 | (0.02) | 0.00 | 0.45 | 0.00 | 0.43 | 1.17 | |||
DLEUX | 0.68 | (0.15) | 0.00 | (0.76) | 0.00 | 1.30 | 4.75 | |||
DLGBX | 0.27 | (0.08) | 0.00 | (3.94) | 0.00 | 0.46 | 1.79 | |||
DLINX | 0.05 | 0.01 | (0.73) | (1.71) | 0.00 | 0.12 | 0.35 | |||
DLLDX | 0.52 | (0.07) | 0.00 | 0.45 | 0.00 | 1.10 | 3.19 | |||
DLMOX | 0.38 | (0.07) | 0.00 | (0.17) | 0.00 | 0.93 | 2.48 |