Doubleline Low Duration Fund Market Value
| DDLDX Fund | USD 9.61 0.03 0.31% |
| Symbol | Doubleline |
Doubleline Low '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 Low'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 Low.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Doubleline Low on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Low Duration or generate 0.0% return on investment in Doubleline Low over 180 days. Doubleline Low is related to or competes with The Gabelli, Us Vector, Balanced Fund, Scharf Fund, Ultra-short Fixed, The Gabelli, and Small Cap. Under normal circumstances, the advisor intends to invest primarily in fixed income and other income-producing instrumen... More
Doubleline Low 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 Low'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 Low Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1657 | |||
| Information Ratio | (1.39) | |||
| Maximum Drawdown | 0.4161 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1045 |
Doubleline Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Low's standard deviation. In reality, there are many statistical measures that can use Doubleline Low historical prices to predict the future Doubleline Low's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.78) | |||
| Treynor Ratio | 0.177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Doubleline Low's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Doubleline Low Duration Backtested Returns
At this stage we consider Doubleline Mutual Fund to be very steady. Doubleline Low Duration secures Sharpe Ratio (or Efficiency) of 0.0528, which denotes the fund had a 0.0528% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Doubleline Low Duration, which you can use to evaluate the volatility of the entity. Please confirm Doubleline Low's Mean Deviation of 0.0617, coefficient of variation of 1177.13, and Standard Deviation of 0.0935 to check if the risk estimate we provide is consistent with the expected return of 0.0049%. The fund shows a Beta (market volatility) of -0.0116, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Doubleline Low are expected to decrease at a much lower rate. During the bear market, Doubleline Low is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Doubleline Low Duration has insignificant reverse predictability. Overlapping area represents the amount of predictability between Doubleline Low time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Low Duration price movement. The serial correlation of -0.18 indicates that over 18.0% of current Doubleline Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Doubleline Low Duration lagged returns against current returns
Autocorrelation, which is Doubleline Low 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 Low's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Low returns to help us make a trade decision. For example, suppose you find that Doubleline Low 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 Low 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 Low mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Low 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 Low mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Low Lagged Returns
When evaluating Doubleline Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Low mutual fund have on its future price. Doubleline Low 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 Low autocorrelation shows the relationship between Doubleline Low mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Low Duration.
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 Low 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 Low security.
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