Doubleline Strategic Modity Fund Market Value
| DLCMX Fund | USD 7.05 0.01 0.14% |
| Symbol | Doubleline |
Doubleline Strategic '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 Strategic'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 Strategic.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Doubleline Strategic on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Strategic Modity or generate 0.0% return on investment in Doubleline Strategic over 30 days. Doubleline Strategic is related to or competes with Pimco Commoditiesplus, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The advisor normally seeks to generate long term total return through long and short exposures to commodity-related inve... More
Doubleline Strategic 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 Strategic'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 Strategic Modity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.81 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.01 |
Doubleline Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Strategic's standard deviation. In reality, there are many statistical measures that can use Doubleline Strategic historical prices to predict the future Doubleline Strategic's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (2.12) |
Doubleline Strategic Backtested Returns
Doubleline Strategic secures Sharpe Ratio (or Efficiency) of -0.0583, which denotes the fund had a -0.0583% return per unit of risk over the last 3 months. Doubleline Strategic Modity exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doubleline Strategic's Mean Deviation of 0.5987, standard deviation of 0.749, and Variance of 0.5609 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0283, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Strategic is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Doubleline Strategic Modity has modest predictability. Overlapping area represents the amount of predictability between Doubleline Strategic time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Strategic price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Doubleline Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Doubleline Strategic lagged returns against current returns
Autocorrelation, which is Doubleline Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Strategic returns to help us make a trade decision. For example, suppose you find that Doubleline Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Strategic Lagged Returns
When evaluating Doubleline Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Strategic mutual fund have on its future price. Doubleline Strategic 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 Strategic autocorrelation shows the relationship between Doubleline Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Strategic Modity.
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 Strategic 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 Strategic security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
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| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |