Doubleline Shiller Correlations

DSENX Fund

USD 15.70 0.06 0.38%

The current 90-days correlation between Doubleline Shiller and Doubleline Shiller Enhanced is 0.16 (i.e., Average diversification). The correlation of Doubleline Shiller 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 Shiller Correlation With Market

Weak diversification

The correlation between Doubleline Shiller Enhanced and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Shiller Enhanced 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 Shiller Enhanced. 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 board of governors.

Moving together with Doubleline Mutual Fund

0.72	DLFNX	Doubleline E Fixed	Pair Corr
0.64	DLLDX	Doubleline Long Duration	Pair Corr
0.68	DLTNX	Doubleline Total Return	Pair Corr
0.71	BILTX	Doubleline Infrastructure	Pair Corr
0.77	BILDX	Doubleline Infrastructure	Pair Corr
0.96	DSEEX	Doubleline Shiller	Pair Corr
0.69	DBLTX	Doubleline Total Return	Pair Corr
0.73	DBLFX	Doubleline E Fixed	Pair Corr
0.65	DBLDX	Doubleline Long Duration	Pair Corr
0.67	DDCFX	Doubleline Core Fixed	Pair Corr
0.96	DDCPX	Doubleline Shiller	Pair Corr
0.68	DDTRX	Doubleline Total Return	Pair Corr
0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Doubleline Mutual Fund

0.35

USPSX

Profunds Ultrashort Steady Growth

Pair Corr

Related Correlations Analysis

	DSEEX	EGFFX	PARWX	DLEUX	DLTNX
DSEEX		0.68	0.54	0.06	0.72	DSEEX
EGFFX	0.68		0.77	0.57	0.66	EGFFX
PARWX	0.54	0.77		0.48	0.42	PARWX
DLEUX	0.06	0.57	0.48		0.52	DLEUX
DLTNX	0.72	0.66	0.42	0.52		DLTNX
	DSEEX	EGFFX	PARWX	DLEUX	DLTNX

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Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Shiller 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 Shiller'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
DSEEX	0.59	0.05	(0.03)	0.73	0.75	(0.63)	1.19	(0.97)	5.26
EGFFX	1.08	(0.18)	0.00	0.70	0.00	0.00	1.53	(1.80)	20.50
PARWX	0.66	(0.10)	0.00	(0.13)	0.00	0.00	1.41	(1.13)	7.86
DLEUX	0.68	(0.09)	0.00	(0.80)	0.00	0.00	1.28	(1.66)	4.22
DLTNX	0.21	(0.01)	(0.27)	(0.84)	0.24	(0.27)	0.58	(0.46)	1.50

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