Doubleline Opportunistic Bond Etf Market Value
| DBND Etf | USD 45.71 0.01 0.02% |
| Symbol | DoubleLine |
The market value of DoubleLine Opportunistic is measured differently than its book value, which is the value of DoubleLine that is recorded on the company's balance sheet. Investors also form their own opinion of DoubleLine Opportunistic's value that differs from its market value or its book value, called intrinsic value, which is DoubleLine Opportunistic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DoubleLine Opportunistic's market value can be influenced by many factors that don't directly affect DoubleLine Opportunistic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DoubleLine Opportunistic's value and its price as these two are different measures arrived at by different means. Investors typically determine if DoubleLine Opportunistic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoubleLine Opportunistic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
DoubleLine Opportunistic '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 Opportunistic's etf 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 Opportunistic.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in DoubleLine Opportunistic on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding DoubleLine Opportunistic Bond or generate 0.0% return on investment in DoubleLine Opportunistic over 180 days. DoubleLine Opportunistic is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Under normal circumstances, the Advisor intends to invest at least 80 percent of its net assets, plus the amount of any ... More
DoubleLine Opportunistic 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 Opportunistic's etf 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 Opportunistic Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 1.23 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.3873 |
DoubleLine Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DoubleLine Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DoubleLine Opportunistic's standard deviation. In reality, there are many statistical measures that can use DoubleLine Opportunistic historical prices to predict the future DoubleLine Opportunistic's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4465 |
DoubleLine Opportunistic Backtested Returns
DoubleLine Opportunistic secures Sharpe Ratio (or Efficiency) of -0.0922, which denotes the etf had a -0.0922% return per unit of risk over the last 3 months. DoubleLine Opportunistic Bond exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DoubleLine Opportunistic's Variance of 0.0712, standard deviation of 0.2669, and Mean Deviation of 0.1946 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0644, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DoubleLine Opportunistic are expected to decrease at a much lower rate. During the bear market, DoubleLine Opportunistic is likely to outperform the market.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
DoubleLine Opportunistic Bond has almost perfect reverse predictability. Overlapping area represents the amount of predictability between DoubleLine Opportunistic time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 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 Opportunistic price movement. The serial correlation of -0.8 indicates that around 80.0% of current DoubleLine Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
DoubleLine Opportunistic lagged returns against current returns
Autocorrelation, which is DoubleLine Opportunistic etf'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 Opportunistic's etf expected returns. We can calculate the autocorrelation of DoubleLine Opportunistic returns to help us make a trade decision. For example, suppose you find that DoubleLine Opportunistic has exhibited high autocorrelation historically, and you observe that the etf 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 Opportunistic 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 Opportunistic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DoubleLine Opportunistic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DoubleLine Opportunistic etf over time.
Current vs Lagged Prices |
| Timeline |
DoubleLine Opportunistic Lagged Returns
When evaluating DoubleLine Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DoubleLine Opportunistic etf have on its future price. DoubleLine Opportunistic 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 Opportunistic autocorrelation shows the relationship between DoubleLine Opportunistic etf current value and its past values and can show if there is a momentum factor associated with investing in DoubleLine Opportunistic Bond.
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.When determining whether DoubleLine Opportunistic is a strong investment it is important to analyze DoubleLine Opportunistic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DoubleLine Opportunistic's future performance. For an informed investment choice regarding DoubleLine Etf, refer to the following important reports:Check out DoubleLine Opportunistic Correlation, DoubleLine Opportunistic Volatility and DoubleLine Opportunistic Alpha and Beta module to complement your research on DoubleLine Opportunistic. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
DoubleLine Opportunistic technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.