Doubleline Floating Correlations

DLFRX Fund

USD 8.95 0.01 0.11%

The current 90-days correlation between Doubleline Floating Rate and Government Street Equity is 0.06 (i.e., Significant diversification). The correlation of Doubleline Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Doubleline Floating Rate and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Floating Rate 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 Floating Rate. 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 real.

Moving together with Doubleline Mutual Fund

0.67	DLCMX	Doubleline Strategic	Pair Corr
0.85	DLENX	Doubleline Emerging	Pair Corr
0.75	DLINX	Doubleline Flexible	Pair Corr
0.69	DLSNX	Doubleline Low Duration	Pair Corr
0.66	DSEEX	Doubleline Shiller	Pair Corr
0.63	DBCMX	Doubleline Strategic	Pair Corr
0.88	DBFRX	Doubleline Floating Rate	Pair Corr
0.63	DBLSX	Doubleline Low Duration	Pair Corr
0.63	DBLNX	Doubleline Income	Pair Corr
0.66	DBLLX	Doubleline Low Duration	Pair Corr
0.81	DBLIX	Doubleline Income	Pair Corr
0.73	DBLEX	Doubleline Emerging	Pair Corr
0.62	DDCFX	Doubleline Core Fixed	Pair Corr
0.68	DDLDX	Doubleline Low Duration	Pair Corr
0.79	DELNX	Doubleline Low Duration	Pair Corr
0.64	DFFLX	Doubleline Flexible	Pair Corr
0.65	OOSIX	Oppenheimer Senior	Pair Corr
0.8	LFRIX	Floating Rate	Pair Corr
0.83	LARCX	Floating Rate	Pair Corr
0.82	LFRRX	Lord Abbett Inv	Pair Corr

Moving against Doubleline Mutual Fund

0.44	XNBHX	Neuberger Berman Int	Pair Corr
0.42	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	TSCPX	CIGYX	RYPMX	ACSMX	EUGDX	SBI	AADBX	LGDX	BIPSX	GVEQX
TSCPX		0.58	0.63	0.77	0.56	0.49	0.88	0.79	0.8	0.59	TSCPX
CIGYX	0.58		0.53	0.73	0.72	0.11	0.52	0.84	0.35	0.6	CIGYX
RYPMX	0.63	0.53		0.55	0.24	0.65	0.61	0.53	0.34	0.82	RYPMX
ACSMX	0.77	0.73	0.55		0.77	0.05	0.59	0.75	0.7	0.46	ACSMX
EUGDX	0.56	0.72	0.24	0.77		-0.17	0.41	0.7	0.54	0.32	EUGDX
SBI	0.49	0.11	0.65	0.05	-0.17		0.71	0.3	0.35	0.61	SBI
AADBX	0.88	0.52	0.61	0.59	0.41	0.71		0.75	0.73	0.61	AADBX
LGDX	0.79	0.84	0.53	0.75	0.7	0.3	0.75		0.67	0.59	LGDX
BIPSX	0.8	0.35	0.34	0.7	0.54	0.35	0.73	0.67		0.29	BIPSX
GVEQX	0.59	0.6	0.82	0.46	0.32	0.61	0.61	0.59	0.29		GVEQX
	TSCPX	CIGYX	RYPMX	ACSMX	EUGDX	SBI	AADBX	LGDX	BIPSX	GVEQX

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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

AADBX	+ 0.88	TSCPX
LGDX	+ 0.84	CIGYX
GVEQX	+ 0.82	RYPMX
BIPSX	+ 0.8	TSCPX
LGDX	+ 0.79	TSCPX
ACSMX	+ 0.77	TSCPX

High negative correlations

SBI

- 0.17

EUGDX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Floating 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 Floating'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
TSCPX	1.01	0.10	0.07	0.16	1.07	(1.14)	2.28	(1.87)	8.67
CIGYX	0.78	(0.11)	0.00	(0.05)	0.00	0.00	1.36	(2.00)	4.35
RYPMX	2.32	0.58	0.14	0.54	3.38	(2.39)	5.52	(5.35)	18.61
ACSMX	0.89	0.01	0.01	0.07	0.98	(0.98)	2.03	(1.51)	5.39
EUGDX	0.72	(0.07)	0.00	(0.04)	0.00	0.00	1.43	(2.20)	4.52
SBI	0.25	0.04	(0.04)	0.58	0.15	(0.32)	0.65	(0.52)	1.55
AADBX	0.41	0.04	0.03	0.13	0.30	(0.49)	1.06	(0.66)	2.45
LGDX	0.60	(0.06)	0.00	(0.02)	0.00	0.00	0.98	(1.58)	4.20
BIPSX	1.94	0.18	0.08	0.20	2.08	(2.13)	4.29	(3.24)	10.98
GVEQX	0.65	0.13	0.06	(0.85)	0.82	(0.65)	1.23	(1.44)	3.87

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