Doubleline Flexible Income Fund Market Value
| DFLEX Fund | USD 8.73 0.02 0.23% |
| Symbol | Doubleline |
Doubleline Flexible '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 Flexible'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 Flexible.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Doubleline Flexible on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Doubleline Flexible Income or generate 0.0% return on investment in Doubleline Flexible over 480 days. Doubleline Flexible is related to or competes with Pimco Income, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund seeks to achieve its investment objective by active asset allocation among market sectors in the fixed income u... More
Doubleline Flexible 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 Flexible'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 Flexible Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1411 | |||
| Information Ratio | (1.21) | |||
| Maximum Drawdown | 0.3464 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1163 |
Doubleline Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Flexible's standard deviation. In reality, there are many statistical measures that can use Doubleline Flexible historical prices to predict the future Doubleline Flexible's volatility.| Risk Adjusted Performance | 0.1201 | |||
| Jensen Alpha | 0.0113 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.76) | |||
| Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Doubleline Flexible'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 Flexible Backtested Returns
At this stage we consider Doubleline Mutual Fund to be very steady. Doubleline Flexible secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Doubleline Flexible Income, which you can use to evaluate the volatility of the entity. Please confirm Doubleline Flexible's Mean Deviation of 0.0667, coefficient of variation of 389.37, and Standard Deviation of 0.0887 to check if the risk estimate we provide is consistent with the expected return of 0.022%. The fund shows a Beta (market volatility) of 0.0121, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Flexible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Flexible is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Doubleline Flexible Income has excellent predictability. Overlapping area represents the amount of predictability between Doubleline Flexible time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Flexible price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Doubleline Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Doubleline Flexible lagged returns against current returns
Autocorrelation, which is Doubleline Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Flexible returns to help us make a trade decision. For example, suppose you find that Doubleline Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Flexible Lagged Returns
When evaluating Doubleline Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Flexible mutual fund have on its future price. Doubleline Flexible 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 Flexible autocorrelation shows the relationship between Doubleline Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Flexible 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 Flexible 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 Flexible security.
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