Doubleline Multi Correlations
| DMLIXDelisted Fund | USD 8.60 0.00 0.00% |
The current 90-days correlation between Doubleline Multi Asset and Gmo Global Equity is 0.11 (i.e., Average diversification). The correlation of Doubleline Multi 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 Correlation With Market
Modest diversification
The correlation between Doubleline Multi Asset Growth and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Multi Asset Growth and DJI in the same portfolio, assuming nothing else is changed.
Doubleline |
Moving together with Doubleline Mutual Fund
| 0.78 | XGEIX | Guggenheim Energy Income | PairCorr |
| 0.71 | RYMEX | Commodities Strategy | PairCorr |
| 0.71 | RYMJX | Commodities Strategy | PairCorr |
| 0.72 | RYMBX | Commodities Strategy | PairCorr |
| 0.69 | BA | Boeing | PairCorr |
Moving against Doubleline Mutual Fund
| 0.69 | BRUFX | Bruce Fund Bruce | PairCorr |
| 0.69 | SPGSX | State Street Premier | PairCorr |
| 0.49 | INTC | Intel | PairCorr |
| 0.48 | PAUPX | Pimco All Asset | PairCorr |
| 0.46 | PAUIX | Pimco All Asset | PairCorr |
| 0.43 | PASCX | All Asset Fund | PairCorr |
| 0.42 | PATRX | Pimco All Asset | PairCorr |
| 0.41 | PAALX | All Asset Fund | PairCorr |
| 0.4 | PASAX | All Asset Fund | PairCorr |
| 0.4 | PAANX | Pimco All Asset | PairCorr |
| 0.39 | PAAIX | All Asset Fund | PairCorr |
| 0.37 | PALPX | Pimco All Asset | PairCorr |
| 0.34 | ABRIX | Invesco Balanced Risk | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.61 | VZ | Verizon Communications | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.53 | TRV | The Travelers Companies | PairCorr |
| 0.49 | PG | Procter Gamble | PairCorr |
| 0.47 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.38 | JNJ | Johnson Johnson | PairCorr |
Related Correlations Analysis
| 0.49 | 0.49 | 0.54 | 0.51 | 0.75 | GMADX | ||
| 0.49 | 0.99 | 0.62 | 0.88 | 0.56 | ANAZX | ||
| 0.49 | 0.99 | 0.62 | 0.89 | 0.57 | ANAGX | ||
| 0.54 | 0.62 | 0.62 | 0.77 | 0.49 | ZGFIX | ||
| 0.51 | 0.88 | 0.89 | 0.77 | 0.51 | DHGCX | ||
| 0.75 | 0.56 | 0.57 | 0.49 | 0.51 | BPGSX | ||
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Risk-Adjusted Indicators
There is a big difference between Doubleline Mutual Fund performing well and Doubleline Multi 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMADX | 0.63 | 0.05 | (0.02) | (0.34) | 1.21 | 1.17 | 11.02 | |||
| ANAZX | 0.18 | (0.01) | (0.30) | (0.51) | 0.17 | 0.29 | 1.31 | |||
| ANAGX | 0.17 | (0.01) | (0.32) | (1.33) | 0.16 | 0.44 | 1.16 | |||
| ZGFIX | 0.43 | 0.05 | (0.01) | 0.33 | 0.64 | 0.92 | 3.69 | |||
| DHGCX | 0.15 | 0.00 | (0.36) | (0.01) | 0.13 | 0.36 | 0.94 | |||
| BPGSX | 0.53 | 0.04 | (0.03) | 0.60 | 0.66 | 1.03 | 3.31 |
Doubleline Multi Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Doubleline Multi mutual fund to make a market-neutral strategy. Peer analysis of Doubleline Multi could also be used in its relative valuation, which is a method of valuing Doubleline Multi by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Doubleline Multi Asset Growth?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.