Doubleline Low Correlations

DELNX Fund

USD 9.58 0.02 0.21%

The current 90-days correlation between Doubleline Low Duration and Doubleline Strategic Modity is -0.22 (i.e., Very good diversification). The correlation of Doubleline Low 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 Low Correlation With Market

Average diversification

The correlation between Doubleline Low Duration and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Low Duration 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 Low Duration. 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 board of governors.

Moving together with Doubleline Mutual Fund

0.79	DLFRX	Doubleline Floating Rate	Pair Corr
0.93	DLINX	Doubleline Flexible	Pair Corr
0.65	DSENX	Doubleline Shiller	Pair Corr
0.65	DSEEX	Doubleline Shiller	Pair Corr
0.84	DBFRX	Doubleline Floating Rate	Pair Corr
0.62	DBLSX	Doubleline Low Duration	Pair Corr
0.85	DBLNX	Doubleline Income	Pair Corr
0.98	DBLLX	Doubleline Low Duration	Pair Corr
0.87	DBLIX	Doubleline Income	Pair Corr
0.65	DDCPX	Doubleline Shiller	Pair Corr
0.62	DDLDX	Doubleline Low Duration	Pair Corr
0.93	DFFLX	Doubleline Flexible	Pair Corr
0.96	DFLEX	Doubleline Flexible	Pair Corr

Moving against Doubleline Mutual Fund

0.64	DLLDX	Doubleline Long Duration	Pair Corr
0.46	DLTNX	Doubleline Total Return	Pair Corr
0.46	DBLTX	Doubleline Total Return	Pair Corr
0.38	DLFNX	Doubleline E Fixed	Pair Corr
0.34	DLEUX	Doubleline Shiller	Pair Corr
0.34	DSEUX	Doubleline Shiller	Pair Corr
0.61	DBLDX	Doubleline Long Duration	Pair Corr
0.56	DBLGX	Doubleline Global Bond	Pair Corr
0.51	DDTRX	Doubleline Total Return	Pair Corr
0.36	DBLFX	Doubleline E Fixed	Pair Corr

Related Correlations Analysis

	DLCMX	DLENX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLMOX
DLCMX		0.5	0.58	-0.38	0.3	0.53	0.39	-0.21	0.2	0.43	DLCMX
DLENX	0.5		0.6	-0.06	0.43	0.48	0.28	0.38	0.14	0.57	DLENX
DLELX	0.58	0.6		-0.73	0.9	0.9	0.89	-0.25	0.77	0.92	DLELX
DLFRX	-0.38	-0.06	-0.73		-0.78	-0.79	-0.9	0.81	-0.89	-0.7	DLFRX
DLFNX	0.3	0.43	0.9	-0.78		0.81	0.94	-0.32	0.92	0.89	DLFNX
DLEUX	0.53	0.48	0.9	-0.79	0.81		0.88	-0.41	0.74	0.86	DLEUX
DLGBX	0.39	0.28	0.89	-0.9	0.94	0.88		-0.52	0.96	0.85	DLGBX
DLINX	-0.21	0.38	-0.25	0.81	-0.32	-0.41	-0.52		-0.56	-0.23	DLINX
DLLDX	0.2	0.14	0.77	-0.89	0.92	0.74	0.96	-0.56		0.76	DLLDX
DLMOX	0.43	0.57	0.92	-0.7	0.89	0.86	0.85	-0.23	0.76		DLMOX
	DLCMX	DLENX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLMOX

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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

DLLDX	+ 0.96	DLGBX
DLGBX	+ 0.94	DLFNX
DLMOX	+ 0.92	DLELX
DLLDX	+ 0.92	DLFNX
DLFNX	+ 0.9	DLELX
DLEUX	+ 0.9	DLELX

High negative correlations

DLGBX	- 0.9	DLFRX
DLLDX	- 0.89	DLFRX
DLEUX	- 0.79	DLFRX
DLFNX	- 0.78	DLFRX
DLFRX	- 0.73	DLELX
DLMOX	- 0.7	DLFRX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Low 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 Low'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	0.00	1.12	(1.37)	3.49
DLENX	0.10	(0.01)	(0.73)	(0.43)	0.11	(0.15)	0.22	(0.22)	0.67
DLELX	0.34	(0.07)	0.00	(1.98)	0.00	0.00	0.67	(0.70)	1.96
DLFRX	0.05	0.02	0.00	2.13	0.00	0.00	0.11	0.00	0.11
DLFNX	0.20	(0.04)	0.00	(0.59)	0.00	0.00	0.43	(0.43)	1.17
DLEUX	0.68	(0.15)	0.00	(0.76)	0.00	0.00	1.30	(1.36)	4.75
DLGBX	0.28	(0.06)	0.00	0.88	0.00	0.00	0.48	(0.58)	2.14
DLINX	0.05	0.01	(0.73)	0.41	0.00	(0.12)	0.12	(0.12)	0.35
DLLDX	0.52	(0.07)	0.00	0.45	0.00	0.00	1.10	(1.35)	3.19
DLMOX	0.38	(0.06)	0.00	(5.17)	0.00	0.00	0.93	(0.92)	2.48

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