Doubleline Long Duration Fund Market Value
| DLLDX Fund | USD 6.53 0.04 0.62% |
| Symbol | Doubleline |
Doubleline Long '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 Long'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 Long.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Doubleline Long on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Doubleline Long Duration or generate 0.0% return on investment in Doubleline Long over 420 days. Doubleline Long is related to or competes with Doubleline Floating, Doubleline Low, Doubleline Strategic, Doubleline Core, and Doubleline Emerging. The fund seeks long-term total return comprised of capital growth and current income by investing principally in debt se... More
Doubleline Long 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 Long'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 Long Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.22 |
Doubleline Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Long's standard deviation. In reality, there are many statistical measures that can use Doubleline Long historical prices to predict the future Doubleline Long's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.411 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Doubleline Long'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 Long Duration Backtested Returns
Doubleline Long Duration secures Sharpe Ratio (or Efficiency) of -0.08, which denotes the fund had a -0.08% return per unit of risk over the last 3 months. Doubleline Long Duration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doubleline Long's Variance of 0.5247, mean deviation of 0.547, and Standard Deviation of 0.7244 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Doubleline Long are expected to decrease at a much lower rate. During the bear market, Doubleline Long is likely to outperform the market.
Auto-correlation | 0.63 |
Good predictability
Doubleline Long Duration has good predictability. Overlapping area represents the amount of predictability between Doubleline Long time series from 4th of October 2023 to 1st of May 2024 and 1st of May 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 Long Duration price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Doubleline Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Doubleline Long Duration lagged returns against current returns
Autocorrelation, which is Doubleline Long 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 Long's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Long returns to help us make a trade decision. For example, suppose you find that Doubleline Long 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 Long 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 Long mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Long 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 Long mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Long Lagged Returns
When evaluating Doubleline Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Long mutual fund have on its future price. Doubleline Long 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 Long autocorrelation shows the relationship between Doubleline Long mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Long 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 Long 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 Long security.
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