Doubleline Strategic Correlations

DLCMX Fund

USD 7.00 0.01 0.14%

The current 90-days correlation between Doubleline Strategic and Doubleline Shiller Enhanced is -0.18 (i.e., Good diversification). The correlation of Doubleline Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Doubleline Strategic Modity and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Strategic Modity 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 Strategic Modity. 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 population.

Moving together with Doubleline Mutual Fund

0.84	DLFRX	Doubleline Floating Rate	Pair Corr
0.75	DLINX	Doubleline Flexible	Pair Corr
0.73	DLSNX	Doubleline Low Duration	Pair Corr
1.0	DBCMX	Doubleline Strategic	Pair Corr
0.81	DBFRX	Doubleline Floating Rate	Pair Corr
0.73	DBLSX	Doubleline Low Duration	Pair Corr
0.78	DBLNX	Doubleline Income	Pair Corr
0.72	DBLLX	Doubleline Low Duration	Pair Corr
0.76	DBLIX	Doubleline Income	Pair Corr
0.72	DDLDX	Doubleline Low Duration	Pair Corr
0.7	DELNX	Doubleline Low Duration	Pair Corr
0.77	DFFLX	Doubleline Flexible	Pair Corr
0.78	DFLEX	Doubleline Flexible	Pair Corr
0.94	PCRIX	Commodityrealreturn	Pair Corr
0.93	PCRRX	Commodityrealreturn	Pair Corr
0.93	PCRPX	Pimco Modityrealreturn	Pair Corr

Moving against Doubleline Mutual Fund

0.6	DLLDX	Doubleline Long Duration	Pair Corr
0.55	DLMOX	Doubleline Multi Asset	Pair Corr
0.49	DBLGX	Doubleline Global Bond	Pair Corr
0.48	DSENX	Doubleline Shiller	Pair Corr
0.47	DSEEX	Doubleline Shiller	Pair Corr
0.4	DLELX	Doubleline Emerging	Pair Corr
0.39	DBELX	Doubleline Emerging	Pair Corr
0.71	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.66	DBMOX	Doubleline Multi Asset	Pair Corr
0.62	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.51	DBLDX	Doubleline Long Duration	Pair Corr
0.47	DDCPX	Doubleline Shiller	Pair Corr

Related Correlations Analysis

	DSENX	DBCMX	DLFRX	DLINX	DLENX
DSENX		-0.48	-0.48	-0.35	0.46	DSENX
DBCMX	-0.48		0.84	0.76	0.36	DBCMX
DLFRX	-0.48	0.84		0.96	0.34	DLFRX
DLINX	-0.35	0.76	0.96		0.46	DLINX
DLENX	0.46	0.36	0.34	0.46		DLENX
	DSENX	DBCMX	DLFRX	DLINX	DLENX

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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

DLINX	+ 0.96	DLFRX
DLFRX	+ 0.84	DBCMX
DLINX	+ 0.76	DBCMX
DLENX	+ 0.46	DSENX
DLENX	+ 0.46	DLINX
DLENX	+ 0.36	DBCMX

High negative correlations

DLFRX	- 0.48	DSENX
DBCMX	- 0.48	DSENX
DLINX	- 0.35	DSENX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Strategic 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 Strategic'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
DSENX	0.54	(0.01)	(0.03)	0.00	0.80	(0.54)	1.05	(0.98)	3.91
DBCMX	0.36	0.02	(0.02)	(0.28)	0.36	(0.47)	1.01	(0.83)	2.40
DLFRX	0.04	0.01	0.00	1.85	0.00	0.00	0.11	0.00	0.22
DLINX	0.06	0.02	0.00	3.61	0.00	0.00	0.12	(0.12)	0.35
DLENX	0.10	0.00	(0.15)	(0.02)	0.07	(0.15)	0.23	(0.22)	0.67

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