Doubleline Floating Correlations

Mutual Funds . USA . 
Fund . Doubleline Floating Rate
DBFRX Fund  USD 9.01  0.01  0.11%   
The current 90-days correlation between Doubleline Floating Rate and Aqr Small Cap is 0.11 (i.e., Average 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

Average diversification

The correlation between Doubleline Floating Rate and DJI is 0.14 (i.e., Average 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 metropolitan statistical area.

Moving together with Doubleline Mutual Fund

  0.7DLCMX Doubleline StrategicPairCorr
  0.92DLENX Doubleline EmergingPairCorr
  0.95DLELX Doubleline EmergingPairCorr
  1.0DLFRX Doubleline Floating RatePairCorr
  0.84DLEUX Doubleline ShillerPairCorr
  0.96DLINX Doubleline FlexiblePairCorr
  0.89DLSNX Doubleline Low DurationPairCorr
  0.73BILTX Doubleline InfrastructurePairCorr
  0.72BILDX Doubleline InfrastructurePairCorr
  0.84DSEUX Doubleline ShillerPairCorr
  0.94DSENX Doubleline ShillerPairCorr
  0.94DSEEX Doubleline ShillerPairCorr
  0.7DBCMX Doubleline StrategicPairCorr
  0.78DBELX Doubleline EmergingPairCorr
  0.89DBLSX Doubleline Low DurationPairCorr
  0.8DBLNX Doubleline IncomePairCorr
  0.86DBLLX Doubleline Low DurationPairCorr
  0.79DBLIX Doubleline IncomePairCorr
  0.93DBLEX Doubleline EmergingPairCorr
  0.87DBSCX Doubleline SelectivePairCorr
  0.94DDCPX Doubleline ShillerPairCorr
  0.91DDLDX Doubleline Low DurationPairCorr
  0.96DFFLX Doubleline FlexiblePairCorr
  0.94DFLEX Doubleline FlexiblePairCorr
  0.97OOSYX Oppenheimer SeniorPairCorr
  0.97OOSIX Oppenheimer SeniorPairCorr
  0.89LFRIX Floating RatePairCorr
  0.98LARCX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr

Moving against Doubleline Mutual Fund

  0.34DLLDX Doubleline Long DurationPairCorr
  0.35DBLDX Doubleline Long DurationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY