Doubleline Income Solutions Fund Market Value
| XDSLX Fund | USD 12.67 0.03 0.24% |
| Symbol | Doubleline |
Please note, there is a significant difference between Doubleline Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubleline Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubleline Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Doubleline Income '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 Income'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 Income.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Doubleline Income on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Doubleline Income Solutions or generate 0.0% return on investment in Doubleline Income over 660 days. Doubleline Income is related to or competes with Origin Emerging, Locorr Market, Goldman Sachs, Barings Emerging, Calvert Developed, and Vanguard Developed. Doubleline Income is entity of United States More
Doubleline Income 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 Income'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 Income Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.59 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.3197 |
Doubleline Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Income's standard deviation. In reality, there are many statistical measures that can use Doubleline Income historical prices to predict the future Doubleline Income's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.55) |
Doubleline Income Backtested Returns
Doubleline Income secures Sharpe Ratio (or Efficiency) of -0.0306, which denotes the fund had a -0.0306% return per unit of risk over the last 3 months. Doubleline Income Solutions exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doubleline Income's Mean Deviation of 0.1707, standard deviation of 0.2678, and Variance of 0.0717 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0124, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Income is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Doubleline Income Solutions has good reverse predictability. Overlapping area represents the amount of predictability between Doubleline Income time series from 9th of February 2023 to 5th of January 2024 and 5th of January 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 Income price movement. The serial correlation of -0.52 indicates that about 52.0% of current Doubleline Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Doubleline Income lagged returns against current returns
Autocorrelation, which is Doubleline Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Income returns to help us make a trade decision. For example, suppose you find that Doubleline Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Income Lagged Returns
When evaluating Doubleline Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Income mutual fund have on its future price. Doubleline Income 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 Income autocorrelation shows the relationship between Doubleline Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Income Solutions.
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 Income 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 Income security.
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