Doubleline Core Correlations

DDCFX Fund

USD 9.38 0.01 0.11%

The current 90-days correlation between Doubleline Core Fixed and Artisan Small Cap is 0.25 (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 0.67 (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

0.75	DLSNX	Doubleline Low Duration	Pair Corr
0.95	DLTNX	Doubleline Total Return	Pair Corr
0.7	DBELX	Doubleline Emerging	Pair Corr
0.79	DBLSX	Doubleline Low Duration	Pair Corr
0.82	DBLGX	Doubleline Global Bond	Pair Corr
0.68	DELNX	Doubleline Low Duration	Pair Corr
0.86	DODIX	Dodge Income	Pair Corr
0.87	DOXIX	Dodge Cox Income	Pair Corr
0.77	FIWGX	Strategic Advisers	Pair Corr
0.86	PTTPX	Pimco Total Return	Pair Corr
0.87	PTRRX	Total Return	Pair Corr
0.87	PTRAX	Total Return	Pair Corr
0.86	PTTRX	Total Return	Pair Corr
0.85	PDBSX	Prudential Total Return	Pair Corr
0.83	SIIIX	Alphacentric Strategic	Pair Corr
0.77	JEMDX	Jpmorgan Emerging Markets	Pair Corr
0.78	ISFCX	Lord Abbett Multi	Pair Corr
0.68	PDVAX	Diversified Income	Pair Corr
0.66	JOHIX	Johcm International	Pair Corr
0.73	TRBPX	T Rowe Price	Pair Corr
0.68	PNRCX	Jennison Natural Res Steady Growth	Pair Corr
0.82	FHIIX	Federated High Income	Pair Corr
0.74	NRAAX	Neuberger Berman Socially	Pair Corr

Moving against Doubleline Mutual Fund

0.41	XDSMX	Dreyfus Strategic	Pair Corr
0.52	XNXJX	Nuveen New Jersey	Pair Corr
0.49	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	FCSGX	PEVAX	PSBMX	LMBMX	ARTSX
FCSGX		0.93	0.96	0.94	0.92	FCSGX
PEVAX	0.93		0.96	0.97	0.96	PEVAX
PSBMX	0.96	0.96		0.97	0.96	PSBMX
LMBMX	0.94	0.97	0.97		0.97	LMBMX
ARTSX	0.92	0.96	0.96	0.97		ARTSX
	FCSGX	PEVAX	PSBMX	LMBMX	ARTSX

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
FCSGX	1.11	0.26	0.24	0.29	0.74	(1.30)	2.03	(1.73)	19.18
PEVAX	0.79	0.17	0.13	0.88	0.66	(0.94)	2.29	(1.18)	4.68
PSBMX	0.88	0.13	0.12	0.20	0.83	(1.00)	1.79	(1.77)	7.83
LMBMX	0.91	0.13	0.12	0.20	0.88	(1.02)	2.18	(1.80)	7.43
ARTSX	1.14	0.16	0.16	0.18	0.93	(1.35)	2.12	(1.92)	13.44

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