Doubleline Emerging Correlations

DBLEX Fund

USD 9.16 0.01 0.11%

The current 90-days correlation between Doubleline Emerging and T Rowe Price is 0.48 (i.e., Very weak diversification). The correlation of Doubleline Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Doubleline Emerging Markets and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Emerging Markets 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 Emerging Markets. 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 commodities.

Moving together with Doubleline Mutual Fund

0.99	DLENX	Doubleline Emerging	Pair Corr
0.72	DLELX	Doubleline Emerging	Pair Corr
0.66	DLGBX	Doubleline Global Bond	Pair Corr
0.61	BILTX	Doubleline Infrastructure	Pair Corr
0.72	DBELX	Doubleline Emerging	Pair Corr
0.7	DBFRX	Doubleline Floating Rate	Pair Corr
0.67	DBLLX	Doubleline Low Duration	Pair Corr
0.67	DBLGX	Doubleline Global Bond	Pair Corr
0.61	DBLFX	Doubleline E Fixed	Pair Corr
0.7	DELNX	Doubleline Low Duration	Pair Corr
0.61	FGBMX	Fidelity New Markets	Pair Corr
0.61	FGZMX	Fidelity New Markets	Pair Corr
0.62	FGWMX	Fidelity New Markets	Pair Corr
0.62	FGVMX	Fidelity New Markets	Pair Corr
0.63	FGYMX	Fidelity New Markets	Pair Corr

Related Correlations Analysis

	TBLCX	GQESX	SGICX	ABVCX	AUERX	FLDFX	XMHFX	HDCAX
TBLCX		0.97	0.7	0.94	0.74	0.99	0.82	0.94	TBLCX
GQESX	0.97		0.73	0.92	0.73	0.96	0.8	0.95	GQESX
SGICX	0.7	0.73		0.82	0.88	0.71	0.48	0.58	SGICX
ABVCX	0.94	0.92	0.82		0.82	0.94	0.73	0.87	ABVCX
AUERX	0.74	0.73	0.88	0.82		0.74	0.57	0.65	AUERX
FLDFX	0.99	0.96	0.71	0.94	0.74		0.78	0.93	FLDFX
XMHFX	0.82	0.8	0.48	0.73	0.57	0.78		0.82	XMHFX
HDCAX	0.94	0.95	0.58	0.87	0.65	0.93	0.82		HDCAX
	TBLCX	GQESX	SGICX	ABVCX	AUERX	FLDFX	XMHFX	HDCAX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Emerging 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 Emerging'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
TBLCX	0.26	0.01	(0.04)	0.09	0.30	(0.27)	0.56	(0.55)	1.67
GQESX	0.57	0.06	0.06	0.13	0.72	(0.57)	1.26	(1.14)	3.44
SGICX	0.40	0.03	0.01	0.10	0.45	(0.45)	0.87	(0.92)	2.54
ABVCX	0.51	0.03	0.04	0.10	0.58	(0.59)	1.23	(1.12)	3.47
AUERX	0.81	0.07	0.07	0.13	0.95	(0.90)	1.72	(1.72)	4.33
FLDFX	0.42	0.02	0.00	0.09	0.54	(0.42)	0.89	(0.73)	2.65
XMHFX	0.15	0.03	(0.09)	4.28	0.00	(0.22)	0.29	(0.15)	1.45
HDCAX	0.48	0.06	0.05	0.18	0.51	(0.52)	1.01	(0.99)	2.95

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Doubleline Emerging Correlations

Doubleline Emerging Correlation With Market

Weak diversification

Moving together with Doubleline Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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