Doubleline Opportunistic Credit Etf Performance
| DBL Etf | USD 15.30 0.03 0.20% |
The etf shows a Beta (market volatility) of 0.0894, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Opportunistic is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Doubleline Opportunistic Credit has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent fundamental drivers, Doubleline Opportunistic is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors. ...more
1 | 09/03/2024 |
2 | Disposition of tradable shares by Sherman Jeffrey J. of Doubleline Opportunistic subject to Rule 16b-3 | 09/06/2024 |
3 | Study by Fincantieri Unveils 40 percent Faster Welding and 60 percent Energy Savings With Dynamic Beam Lasers | 09/26/2024 |
4 | Acquisition by Salter John C. of 2 shares of Doubleline Opportunistic subject to Rule 16b-3 | 10/01/2024 |
5 | Morgan Stanleys Strategic Reduction in Doubleline Opportunistic Credit Fund Holdings | 11/08/2024 |
| Expense Ratio | 1.9800 |
Doubleline |
Doubleline Opportunistic Relative Risk vs. Return Landscape
If you would invest 1,548 in Doubleline Opportunistic Credit on August 24, 2024 and sell it today you would lose (18.00) from holding Doubleline Opportunistic Credit or give up 1.16% of portfolio value over 90 days. Doubleline Opportunistic Credit is generating negative expected returns assuming volatility of 0.4556% on return distribution over 90 days investment horizon. In other words, 4% of etfs are less volatile than Doubleline, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Doubleline Opportunistic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Opportunistic's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Doubleline Opportunistic Credit, and traders can use it to determine the average amount a Doubleline Opportunistic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0379
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| Negative Returns | DBL |
Estimated Market Risk
| 0.46 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Doubleline Opportunistic is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Doubleline Opportunistic by adding Doubleline Opportunistic to a well-diversified portfolio.
Doubleline Opportunistic Fundamentals Growth
Doubleline Etf prices reflect investors' perceptions of the future prospects and financial health of Doubleline Opportunistic, and Doubleline Opportunistic fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Doubleline Etf performance.
| Shares Outstanding | 15.4 M | ||||
About Doubleline Opportunistic Performance
By examining Doubleline Opportunistic's fundamental ratios, stakeholders can obtain critical insights into Doubleline Opportunistic's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Doubleline Opportunistic is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. DoubleLine Opportunistic Credit Fund was formed on July 22, 2011 and is domiciled in the United States.| Doubleline Opportunistic generated a negative expected return over the last 90 days | |
| Latest headline from gurufocus.com: Morgan Stanleys Strategic Reduction in Doubleline Opportunistic Credit Fund Holdings |
Other Information on Investing in Doubleline Etf
Doubleline Opportunistic financial ratios help investors to determine whether Doubleline Etf 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 Opportunistic security.