Doubleline Global Bond Fund Market Value
| DLGBX Fund | USD 8.19 0.01 0.12% |
| Symbol | Doubleline |
Doubleline Global '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 Global'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 Global.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Doubleline Global on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Doubleline Global Bond or generate 0.0% return on investment in Doubleline Global over 570 days. Doubleline Global is related to or competes with Doubleline Strategic, Doubleline Emerging, Doubleline Emerging, Doubleline Floating, Doubleline Core, Doubleline Shiller, and Doubleline Flexible. The fund normally invests primarily in debt obligations issued by governments and governmental agencies, authorities or ... More
Doubleline Global 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 Global'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 Global Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 2.14 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4825 |
Doubleline Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Global's standard deviation. In reality, there are many statistical measures that can use Doubleline Global historical prices to predict the future Doubleline Global's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.88 |
Doubleline Global Bond Backtested Returns
Doubleline Global Bond secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the fund had a -0.2% return per unit of risk over the last 3 months. Doubleline Global Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doubleline Global's Standard Deviation of 0.3576, variance of 0.1279, and Mean Deviation of 0.2779 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0746, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Doubleline Global are expected to decrease at a much lower rate. During the bear market, Doubleline Global is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Doubleline Global Bond has very weak reverse predictability. Overlapping area represents the amount of predictability between Doubleline Global time series from 4th of May 2023 to 13th of February 2024 and 13th of February 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 Global Bond price movement. The serial correlation of -0.01 indicates that just 1.0% of current Doubleline Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Doubleline Global Bond lagged returns against current returns
Autocorrelation, which is Doubleline Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Global returns to help us make a trade decision. For example, suppose you find that Doubleline Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Global Lagged Returns
When evaluating Doubleline Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Global mutual fund have on its future price. Doubleline Global 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 Global autocorrelation shows the relationship between Doubleline Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Global 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.Other Information on Investing in Doubleline Mutual Fund
Doubleline Global 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 Global security.
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