Doubleline Income Fund Market Value
| DBLNX Fund | USD 7.94 0.01 0.13% |
| Symbol | Doubleline |
Doubleline Income 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Doubleline Income's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Doubleline Income.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Doubleline Income on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Doubleline Income or generate 0.0% return on investment in Doubleline Income over 720 days. Doubleline Income is related to or competes with Pimco Short, Doubleline Low, Doubleline Floating, and Columbia High. The fund will also seek to construct a portfolio that provides yield and duration characteristics that are attractive relative to those offered by a portfolio of corporate debt instruments by investing principally in a combination of mortgage-backed securities, other asset-backed securities, and collateralized loan obligations . More
Doubleline Income Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Doubleline Income's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Doubleline Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1444 | |||
| Information Ratio | (1.04) | |||
| Maximum Drawdown | 0.5076 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.1274 |
Doubleline Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Income's standard deviation. In reality, there are many statistical measures that can use Doubleline Income historical prices to predict the future Doubleline Income's volatility.| Risk Adjusted Performance | 0.0764 | |||
| Jensen Alpha | 0.0101 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.77) | |||
| Treynor Ratio | (1.30) |
Doubleline Income Backtested Returns
At this stage we consider Doubleline Mutual Fund to be very steady. Doubleline Income secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Doubleline Income, which you can use to evaluate the volatility of the entity. Please confirm Doubleline Income's Mean Deviation of 0.0831, coefficient of variation of 555.71, and Standard Deviation of 0.107 to check if the risk estimate we provide is consistent with the expected return of 0.0176%. The fund shows a Beta (market volatility) of -0.0071, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Doubleline Income are expected to decrease at a much lower rate. During the bear market, Doubleline Income is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
Doubleline Income has very good predictability. Overlapping area represents the amount of predictability between Doubleline Income time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Doubleline Income price movement. The serial correlation of 0.8 indicates that around 80.0% of current Doubleline Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Doubleline Income lagged returns against current returns
Autocorrelation, which is Doubleline Income mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Doubleline Income's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Income returns to help us make a trade decision. For example, suppose you find that Doubleline Income has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Doubleline Income regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Doubleline Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubleline Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Income Lagged Returns
When evaluating Doubleline Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Income mutual fund have on its future price. Doubleline Income autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Doubleline Income autocorrelation shows the relationship between Doubleline Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Doubleline Mutual Fund
Doubleline Income financial ratios help investors to determine whether Doubleline Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Doubleline with respect to the benefits of owning Doubleline Income security.
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