Doubleline Multi-asset Correlations

DLMOX Fund

USD 7.28 0.04 0.55%

The current 90-days correlation between Doubleline Multi Asset and Doubleline Strategic Modity is -0.01 (i.e., Good diversification). The correlation of Doubleline Multi-asset 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 Multi-asset Correlation With Market

Significant diversification

The correlation between Doubleline Multi Asset Trend and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Multi Asset Trend 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 Multi Asset Trend. 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 persons.

Moving together with Doubleline Mutual Fund

0.92	DLELX	Doubleline Emerging	Pair Corr
0.89	DLFNX	Doubleline E Fixed	Pair Corr
0.86	DLEUX	Doubleline Shiller	Pair Corr
0.85	DLGBX	Doubleline Global Bond	Pair Corr
0.76	DLLDX	Doubleline Long Duration	Pair Corr
0.86	DLTNX	Doubleline Total Return	Pair Corr
0.88	BILTX	Doubleline Infrastructure	Pair Corr
0.87	BILDX	Doubleline Infrastructure	Pair Corr
0.86	DSEUX	Doubleline Shiller	Pair Corr
0.89	DBELX	Doubleline Emerging	Pair Corr
0.86	DBLTX	Doubleline Total Return	Pair Corr
0.63	DBLEX	Doubleline Emerging	Pair Corr
0.85	DBLGX	Doubleline Global Bond	Pair Corr
0.88	DBLFX	Doubleline E Fixed	Pair Corr
0.8	DBLDX	Doubleline Long Duration	Pair Corr
1.0	DBMOX	Doubleline Multi Asset	Pair Corr
0.88	DDCFX	Doubleline Core Fixed	Pair Corr
0.81	DDTRX	Doubleline Total Return	Pair Corr

Moving against Doubleline Mutual Fund

0.7	DLFRX	Doubleline Floating Rate	Pair Corr
0.64	DBFRX	Doubleline Floating Rate	Pair Corr
0.55	DSENX	Doubleline Shiller	Pair Corr
0.55	DSEEX	Doubleline Shiller	Pair Corr
0.89	XGEIX	Guggenheim Energy Income	Pair Corr
0.55	DDCPX	Doubleline Shiller	Pair Corr
0.49	SPGSX	State Street Premier	Pair Corr

Related Correlations Analysis

	DLCMX	DLENX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX
DLCMX		0.5	0.58	-0.38	0.3	0.53	0.39	-0.21	0.2	0.07	DLCMX
DLENX	0.5		0.6	-0.06	0.43	0.48	0.28	0.38	0.14	0.67	DLENX
DLELX	0.58	0.6		-0.73	0.9	0.9	0.89	-0.25	0.77	0.44	DLELX
DLFRX	-0.38	-0.06	-0.73		-0.78	-0.79	-0.9	0.81	-0.89	0.17	DLFRX
DLFNX	0.3	0.43	0.9	-0.78		0.81	0.94	-0.32	0.92	0.45	DLFNX
DLEUX	0.53	0.48	0.9	-0.79	0.81		0.88	-0.41	0.74	0.25	DLEUX
DLGBX	0.39	0.28	0.89	-0.9	0.94	0.88		-0.52	0.96	0.22	DLGBX
DLINX	-0.21	0.38	-0.25	0.81	-0.32	-0.41	-0.52		-0.56	0.67	DLINX
DLLDX	0.2	0.14	0.77	-0.89	0.92	0.74	0.96	-0.56		0.16	DLLDX
DLSNX	0.07	0.67	0.44	0.17	0.45	0.25	0.22	0.67	0.16		DLSNX
	DLCMX	DLENX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX

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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
DLLDX	+ 0.92	DLFNX
DLFNX	+ 0.9	DLELX
DLEUX	+ 0.9	DLELX
DLGBX	+ 0.89	DLELX

High negative correlations

DLGBX	- 0.9	DLFRX
DLLDX	- 0.89	DLFRX
DLEUX	- 0.79	DLFRX
DLFNX	- 0.78	DLFRX
DLFRX	- 0.73	DLELX
DLLDX	- 0.56	DLINX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Multi-asset 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 Multi-asset'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
DLSNX	0.05	0.00	(0.86)	(0.20)	0.00	(0.11)	0.10	(0.10)	0.52

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