Doubleline Core Correlations

DDCFX Fund

USD 9.44 0.02 0.21%

The current 90-days correlation between Doubleline Core Fixed and T Rowe Price is 0.21 (i.e., Modest diversification). The correlation of Doubleline Core 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 Core Correlation With Market

Poor diversification

The correlation between Doubleline Core Fixed and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Core Fixed 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 Core Fixed. 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 price.

Moving together with Doubleline Mutual Fund

0.78	DLCMX	Doubleline Strategic	Pair Corr
0.73	DLENX	Doubleline Emerging	Pair Corr
0.84	DLELX	Doubleline Emerging	Pair Corr
0.62	DLFRX	Doubleline Floating Rate	Pair Corr
0.99	DLFNX	Doubleline E Fixed	Pair Corr
0.83	DLEUX	Doubleline Shiller	Pair Corr
0.86	DLGBX	Doubleline Global Bond	Pair Corr
0.9	DLINX	Doubleline Flexible	Pair Corr
0.66	DLLDX	Doubleline Long Duration	Pair Corr
0.93	DLSNX	Doubleline Low Duration	Pair Corr
0.98	DLTNX	Doubleline Total Return	Pair Corr
0.98	BILTX	Doubleline Infrastructure	Pair Corr
0.97	BILDX	Doubleline Infrastructure	Pair Corr
0.83	DSEUX	Doubleline Shiller	Pair Corr
0.86	DSENX	Doubleline Shiller	Pair Corr
0.86	DSEEX	Doubleline Shiller	Pair Corr
0.78	DBCMX	Doubleline Strategic	Pair Corr
0.85	DBELX	Doubleline Emerging	Pair Corr
0.64	DBFRX	Doubleline Floating Rate	Pair Corr
0.97	DBLTX	Doubleline Total Return	Pair Corr
0.92	DBLSX	Doubleline Low Duration	Pair Corr
0.88	DBLNX	Doubleline Income	Pair Corr
0.86	DBLLX	Doubleline Low Duration	Pair Corr
0.72	DBLIX	Doubleline Income	Pair Corr
0.73	DBLEX	Doubleline Emerging	Pair Corr
0.85	DBLGX	Doubleline Global Bond	Pair Corr
0.99	DBLFX	Doubleline E Fixed	Pair Corr
0.65	DBLDX	Doubleline Long Duration	Pair Corr
0.96	DBSCX	Doubleline Selective	Pair Corr
0.86	DDCPX	Doubleline Shiller	Pair Corr
0.92	DDLDX	Doubleline Low Duration	Pair Corr
0.99	DDTRX	Doubleline Total Return	Pair Corr
0.84	DELNX	Doubleline Low Duration	Pair Corr
0.9	DFFLX	Doubleline Flexible	Pair Corr
0.9	DFLEX	Doubleline Flexible	Pair Corr
0.97	DODIX	Dodge Income	Pair Corr
0.98	DOXIX	Dodge Cox Income	Pair Corr
0.9	FIWGX	Strategic Advisers	Pair Corr
0.81	MWTNX	Metropolitan West Total	Pair Corr

Related Correlations Analysis

	DLTNX	MWTIX	MWTSX	GIBLX	GIBIX	PDBZX	PTRQX	IBFFX	PAVLX
DLTNX		0.88	0.88	0.95	0.95	0.96	0.96	0.92	0.77	DLTNX
MWTIX	0.88		0.99	0.94	0.93	0.91	0.92	0.8	0.61	MWTIX
MWTSX	0.88	0.99		0.94	0.93	0.92	0.92	0.8	0.61	MWTSX
GIBLX	0.95	0.94	0.94		1.0	0.98	0.98	0.92	0.77	GIBLX
GIBIX	0.95	0.93	0.93	1.0		0.98	0.98	0.93	0.78	GIBIX
PDBZX	0.96	0.91	0.92	0.98	0.98		0.99	0.93	0.76	PDBZX
PTRQX	0.96	0.92	0.92	0.98	0.98	0.99		0.93	0.75	PTRQX
IBFFX	0.92	0.8	0.8	0.92	0.93	0.93	0.93		0.86	IBFFX
PAVLX	0.77	0.61	0.61	0.77	0.78	0.76	0.75	0.86		PAVLX
	DLTNX	MWTIX	MWTSX	GIBLX	GIBIX	PDBZX	PTRQX	IBFFX	PAVLX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Core 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 Core'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
DLTNX	0.13	0.02	(0.23)	2.29	0.00	(0.18)	0.23	(0.23)	0.68
MWTIX	0.17	0.02	(0.20)	2.05	0.00	(0.22)	0.33	(0.22)	1.10
MWTSX	0.16	0.02	(0.19)	1.38	0.00	(0.21)	0.35	(0.35)	1.05
GIBLX	0.13	0.02	(0.25)	0.55	0.00	(0.16)	0.25	(0.25)	0.62
GIBIX	0.14	0.02	(0.24)	0.76	0.00	(0.17)	0.29	(0.25)	0.62
PDBZX	0.15	0.02	(0.18)	0.48	0.05	(0.17)	0.33	(0.33)	0.82
PTRQX	0.15	0.02	(0.18)	0.59	0.04	(0.17)	0.33	(0.33)	0.66
IBFFX	0.10	0.01	(0.42)	5.54	0.00	(0.15)	0.24	(0.16)	0.55
PAVLX	0.64	0.15	0.20	0.23	0.35	(0.72)	1.60	(1.05)	6.01

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Doubleline Core Correlations

Doubleline Core Correlation With Market

Poor diversification

Moving together with Doubleline Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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