Doubleline Strategic Correlations

DLCMX Fund

USD 7.50 0.04 0.54%

The current 90-days correlation between Doubleline Strategic and American Beacon Shapiro is 0.11 (i.e., Average 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

Very weak diversification

The correlation between Doubleline Strategic Modity and DJI is 0.5 (i.e., Very weak 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 industry.

Moving together with Doubleline Mutual Fund

0.87	DLENX	Doubleline Emerging	Pair Corr
0.72	DLFRX	Doubleline Floating Rate	Pair Corr
0.67	DLFNX	Doubleline E Fixed	Pair Corr
0.86	DLEUX	Doubleline Shiller	Pair Corr
0.78	DLGBX	Doubleline Global Bond	Pair Corr
0.85	DLINX	Doubleline Flexible	Pair Corr
0.83	DLSNX	Doubleline Low Duration	Pair Corr
0.8	BILTX	Doubleline Infrastructure	Pair Corr
0.7	DSEEX	Doubleline Shiller	Pair Corr
0.76	DBCMX	Doubleline Strategic	Pair Corr
0.69	DBLTX	Doubleline Total Return	Pair Corr
0.81	DBLSX	Doubleline Low Duration	Pair Corr
0.72	DBLEX	Doubleline Emerging	Pair Corr
0.85	DELNX	Doubleline Low Duration	Pair Corr
0.84	DFLEX	Doubleline Flexible	Pair Corr
0.92	PCRIX	Commodityrealreturn	Pair Corr
0.63	PCRRX	Commodityrealreturn	Pair Corr
0.63	PCRPX	Pimco Modityrealreturn	Pair Corr
0.63	PCSRX	Commodityrealreturn	Pair Corr
0.72	PCLAX	Pimco Commoditiesplus	Pair Corr
0.76	PCPCX	Pimco Commoditiesplus	Pair Corr
0.75	PCLNX	Pimco Commoditiesplus	Pair Corr

Related Correlations Analysis

	TTDAX	JASCX	SEMCX	SPTE	SFDYX	SIPIX	GILCX	HMSFX	JAMFX	SHXPX
TTDAX		0.81	0.71	0.85	0.7	0.7	0.9	0.46	0.18	0.87	TTDAX
JASCX	0.81		0.79	0.75	0.85	0.85	0.93	0.68	-0.04	0.87	JASCX
SEMCX	0.71	0.79		0.68	0.94	0.94	0.79	0.49	-0.11	0.82	SEMCX
SPTE	0.85	0.75	0.68		0.64	0.63	0.81	0.66	-0.05	0.76	SPTE
SFDYX	0.7	0.85	0.94	0.64		1.0	0.82	0.51	-0.03	0.86	SFDYX
SIPIX	0.7	0.85	0.94	0.63	1.0		0.82	0.51	-0.03	0.86	SIPIX
GILCX	0.9	0.93	0.79	0.81	0.82	0.82		0.61	0.04	0.92	GILCX
HMSFX	0.46	0.68	0.49	0.66	0.51	0.51	0.61		-0.55	0.39	HMSFX
JAMFX	0.18	-0.04	-0.11	-0.05	-0.03	-0.03	0.04	-0.55		0.23	JAMFX
SHXPX	0.87	0.87	0.82	0.76	0.86	0.86	0.92	0.39	0.23		SHXPX
	TTDAX	JASCX	SEMCX	SPTE	SFDYX	SIPIX	GILCX	HMSFX	JAMFX	SHXPX

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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

SIPIX	+ 1.0	SFDYX
SFDYX	+ 0.94	SEMCX
SIPIX	+ 0.94	SEMCX
GILCX	+ 0.93	JASCX
SHXPX	+ 0.92	GILCX
GILCX	+ 0.9	TTDAX

High negative correlations

JAMFX	- 0.55	HMSFX
JAMFX	- 0.11	SEMCX
JAMFX	- 0.05	SPTE
JAMFX	- 0.04	JASCX
JAMFX	- 0.03	SIPIX
JAMFX	- 0.03	SFDYX

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
TTDAX	0.53	(0.02)	(0.06)	0.04	0.72	(0.59)	1.05	(1.40)	3.40
JASCX	0.79	0.21	0.25	0.33	0.44	(1.00)	2.23	(1.35)	5.29
SEMCX	1.18	0.52	0.57	5.35	0.00	(1.57)	1.52	(1.40)	28.48
SPTE	1.05	(0.01)	(0.01)	0.07	1.53	(0.93)	1.88	(2.25)	5.49
SFDYX	1.20	0.53	0.61	1.36	0.00	(1.60)	1.65	(1.36)	28.44
SIPIX	1.20	0.53	0.61	1.36	0.00	(1.60)	1.66	(1.40)	28.63
GILCX	0.53	0.02	(0.02)	0.10	0.53	(0.58)	1.14	(1.01)	3.04
HMSFX	0.67	0.17	0.11	(9.78)	0.60	(0.80)	1.46	(1.28)	3.90
JAMFX	1.39	(0.45)	0.00	(6.61)	0.00	0.00	2.38	(3.94)	8.27
SHXPX	0.74	0.01	0.00	0.09	0.90	(0.79)	1.81	(1.36)	5.32

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