Doubleline Floating Correlations

DBFRX Fund

USD 9.00 0.01 0.11%

The current 90-days correlation between Doubleline Floating Rate and Doubleline Infrastructure Income is 0.07 (i.e., Significant diversification). The correlation of Doubleline Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Doubleline Floating Correlation With Market

Significant diversification

The correlation between Doubleline Floating Rate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doubleline Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Doubleline Mutual Fund

0.85	DLENX	Doubleline Emerging	Pair Corr
0.74	DLELX	Doubleline Emerging	Pair Corr
0.73	DLFRX	Doubleline Floating Rate	Pair Corr
0.63	DLFNX	Doubleline E Fixed	Pair Corr
0.69	DLEUX	Doubleline Shiller	Pair Corr
0.74	DLINX	Doubleline Flexible	Pair Corr
0.61	DLLDX	Doubleline Long Duration	Pair Corr
0.74	DLSNX	Doubleline Low Duration	Pair Corr
0.81	DLTNX	Doubleline Total Return	Pair Corr
0.81	BILTX	Doubleline Infrastructure	Pair Corr
0.81	BILDX	Doubleline Infrastructure	Pair Corr
0.87	DSEUX	Doubleline Shiller	Pair Corr
0.66	DBCMX	Doubleline Strategic	Pair Corr
0.94	DBELX	Doubleline Emerging	Pair Corr
0.63	DBLTX	Doubleline Total Return	Pair Corr
0.76	DBLSX	Doubleline Low Duration	Pair Corr
0.63	DBLNX	Doubleline Income	Pair Corr
0.96	DBLLX	Doubleline Low Duration	Pair Corr
0.89	DBLIX	Doubleline Income	Pair Corr
0.7	DBLEX	Doubleline Emerging	Pair Corr
0.63	DBLGX	Doubleline Global Bond	Pair Corr
0.83	DBLFX	Doubleline E Fixed	Pair Corr
0.77	DBLDX	Doubleline Long Duration	Pair Corr
0.92	DBSCX	Doubleline Selective	Pair Corr
0.83	DDCFX	Doubleline Core Fixed	Pair Corr
0.93	DDLDX	Doubleline Low Duration	Pair Corr
0.83	DDTRX	Doubleline Total Return	Pair Corr
0.73	DELNX	Doubleline Low Duration	Pair Corr
0.96	DFFLX	Doubleline Flexible	Pair Corr
0.95	DFLEX	Doubleline Flexible	Pair Corr
0.63	OOSIX	Oppenheimer Senior	Pair Corr
0.61	LFRIX	Floating Rate	Pair Corr
0.71	LFRRX	Lord Abbett Inv	Pair Corr

Moving against Doubleline Mutual Fund

0.43	DSENX	Doubleline Shiller	Pair Corr
0.33	DSEEX	Doubleline Shiller	Pair Corr
0.38	DDCPX	Doubleline Shiller	Pair Corr

Related Correlations Analysis

	BILTX	BILDX	DSEUX	DSENX	DSEEX	DBCMX	DBFRX	DBLTX	DBLSX
BILTX		1.0	0.83	-0.11	0.02	0.38	0.81	0.77	0.73	BILTX
BILDX	1.0		0.85	-0.14	-0.01	0.37	0.81	0.78	0.74	BILDX
DSEUX	0.83	0.85		-0.44	-0.31	0.48	0.87	0.68	0.76	DSEUX
DSENX	-0.11	-0.14	-0.44		0.88	-0.29	-0.43	-0.26	-0.47	DSENX
DSEEX	0.02	-0.01	-0.31	0.88		-0.19	-0.33	-0.22	-0.38	DSEEX
DBCMX	0.38	0.37	0.48	-0.29	-0.19		0.66	0.18	0.35	DBCMX
DBFRX	0.81	0.81	0.87	-0.43	-0.33	0.66		0.63	0.76	DBFRX
DBLTX	0.77	0.78	0.68	-0.26	-0.22	0.18	0.63		0.88	DBLTX
DBLSX	0.73	0.74	0.76	-0.47	-0.38	0.35	0.76	0.88		DBLSX
	BILTX	BILDX	DSEUX	DSENX	DSEEX	DBCMX	DBFRX	DBLTX	DBLSX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BILDX	+ 1.0	BILTX
DSEEX	+ 0.88	DSENX
DBLSX	+ 0.88	DBLTX
DBFRX	+ 0.87	DSEUX
DSEUX	+ 0.85	BILDX
DSEUX	+ 0.83	BILTX

High negative correlations

DBLSX	- 0.47	DSENX
DSENX	- 0.44	DSEUX
DBFRX	- 0.43	DSENX
DBLSX	- 0.38	DSEEX
DBFRX	- 0.33	DSEEX
DSEEX	- 0.31	DSEUX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Doubleline Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BILTX	0.14	0.01	(0.18)	0.37	0.00	(0.19)	0.32	(0.21)	0.84
BILDX	0.15	0.01	(0.18)	0.33	0.00	(0.20)	0.32	(0.21)	0.74
DSEUX	0.63	0.14	0.14	7.55	0.51	(0.75)	1.53	(1.14)	3.13
DSENX	0.47	(0.04)	0.00	0.61	0.00	0.00	1.14	(0.81)	3.43
DSEEX	0.46	(0.07)	0.00	(0.07)	0.00	0.00	1.08	(0.81)	3.43
DBCMX	0.42	0.03	(0.02)	0.86	0.45	(0.51)	0.83	(0.81)	2.88
DBFRX	0.05	0.01	0.00	3.67	0.00	0.00	0.11	(0.11)	0.34
DBLTX	0.17	0.03	(0.10)	(1.97)	0.00	(0.22)	0.45	(0.22)	1.01
DBLSX	0.05	0.01	(0.29)	1.24	0.00	(0.10)	0.10	(0.10)	0.31

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