Doubleline Etf Trust Etf Performance
| DFVE Etf | 30.21 0.31 1.04% |
The etf shows a Beta (market volatility) of 0.0062, which means not very significant fluctuations relative to the market. As returns on the market increase, DoubleLine ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding DoubleLine ETF is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in DoubleLine ETF Trust are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile basic indicators, DoubleLine ETF may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
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DoubleLine ETF Relative Risk vs. Return Landscape
If you would invest 2,817 in DoubleLine ETF Trust on August 26, 2024 and sell it today you would earn a total of 204.00 from holding DoubleLine ETF Trust or generate 7.24% return on investment over 90 days. DoubleLine ETF Trust is currently generating 0.1106% in daily expected returns and assumes 0.7804% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than DoubleLine, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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DoubleLine ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DoubleLine ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as DoubleLine ETF Trust, and traders can use it to determine the average amount a DoubleLine ETF'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 = 0.1417
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Estimated Market Risk
| 0.78 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average DoubleLine ETF is performing at about 11% of its full potential. 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 ETF by adding it to a well-diversified portfolio.
About DoubleLine ETF Performance
By analyzing DoubleLine ETF's fundamental ratios, stakeholders can gain valuable insights into DoubleLine ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if DoubleLine ETF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if DoubleLine ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.