DoubleLine Shiller Correlations

DCPE Etf

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The current 90-days correlation between DoubleLine Shiller CAPE and FT Vest Equity is 0.9 (i.e., Almost no diversification). The correlation of DoubleLine Shiller 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.

DoubleLine Shiller Correlation With Market

Almost no diversification

The correlation between DoubleLine Shiller CAPE and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoubleLine Shiller CAPE and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DoubleLine Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DoubleLine Shiller CAPE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with DoubleLine Etf

0.89	VTI	Vanguard Total Stock	Pair Corr
0.89	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Core SP	Pair Corr
0.89	VIG	Vanguard Dividend Sell-off Trend	Pair Corr
0.95	VV	Vanguard Large Cap	Pair Corr
0.89	RSP	Invesco SP 500	Pair Corr
0.88	IWB	iShares Russell 1000	Pair Corr
0.88	ESGU	iShares ESG Aware	Pair Corr
0.89	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
0.88	SPLG	SPDR Portfolio SP	Pair Corr
0.9	ITDD	iShares Trust	Pair Corr
0.96	ITWO	Proshares Russell 2000	Pair Corr
0.61	TOAK	Manager Directed Por	Pair Corr
0.69	BRRR	Valkyrie Bitcoin	Pair Corr
0.86	STXI	EA Series Trust	Pair Corr
0.86	HWAY	Themes Infrastructure ETF	Pair Corr
0.84	VOLT	Tema Electrification ETF	Pair Corr
0.69	CBTJ	Calamos Bitcoin 80	Pair Corr
0.88	GLOF	iShares MSCI Global	Pair Corr
0.88	FMIL	Fidelity New Millennium	Pair Corr
0.86	QGRW	WisdomTree Trust	Pair Corr
0.93	GYLD	Arrow ETF Trust	Pair Corr
0.66	MSTY	YieldMax MSTR Option	Pair Corr
0.83	ARKQ	ARK Autonomous Technology	Pair Corr
0.65	FLXR	TCW ETF Trust	Pair Corr
0.78	COPJ	Sprott Junior Copper	Pair Corr
0.85	FRNW	Fidelity Covington Trust	Pair Corr
0.87	AOHY	Angel Oak High	Pair Corr
0.86	BTFD	Valkyrie Bitcoin Strategy	Pair Corr
0.88	EURL	Direxion Daily FTSE	Pair Corr
0.86	ILCG	iShares Morningstar	Pair Corr
0.87	AGEM	abrdn Emerging Markets	Pair Corr
0.85	SOXX	iShares Semiconductor ETF	Pair Corr
0.68	PSLV	Sprott Physical Silver	Pair Corr
0.83	NIKL	Sprott Nickel Miners Downward Rally	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.91	0.74	0.78	0.53	0.67	0.53	0.86	-0.17	0.13	META
MSFT	0.91		0.89	0.82	0.54	0.37	0.43	0.92	-0.47	-0.17	MSFT
UBER	0.74	0.89		0.87	0.49	0.26	0.61	0.88	-0.51	-0.19	UBER
F	0.78	0.82	0.87		0.5	0.49	0.65	0.9	-0.24	0.11	F
T	0.53	0.54	0.49	0.5		0.28	0.2	0.57	-0.18	0.11	T
A	0.67	0.37	0.26	0.49	0.28		0.6	0.41	0.55	0.7	A
CRM	0.53	0.43	0.61	0.65	0.2	0.6		0.49	0.17	0.31	CRM
JPM	0.86	0.92	0.88	0.9	0.57	0.41	0.49		-0.41	-0.05	JPM
MRK	-0.17	-0.47	-0.51	-0.24	-0.18	0.55	0.17	-0.41		0.72	MRK
XOM	0.13	-0.17	-0.19	0.11	0.11	0.7	0.31	-0.05	0.72		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	MSFT
MSFT	+ 0.91	META
JPM	+ 0.9	F
UBER	+ 0.89	MSFT
JPM	+ 0.88	UBER
F	+ 0.87	UBER

High negative correlations

MRK	- 0.51	UBER
MRK	- 0.47	MSFT
MRK	- 0.41	JPM
MRK	- 0.24	F
XOM	- 0.19	UBER
MRK	- 0.18	T

DoubleLine Shiller Competition Risk-Adjusted Indicators

There is a big difference between DoubleLine Etf performing well and DoubleLine Shiller ETF 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 Shiller'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
META	2.11	0.25	0.08	(6.57)	2.52	(2.36)	4.23	(4.29)	21.50
MSFT	1.23	0.34	0.19	(5.80)	1.19	(1.34)	2.40	(2.36)	13.79
UBER	1.90	0.24	0.08	(1.40)	2.28	(2.09)	4.19	(3.48)	16.18
F	1.71	0.11	0.04	0.14	2.24	(1.75)	2.90	(3.84)	13.07
T	1.14	0.08	0.03	0.29	1.79	(1.14)	2.01	(2.62)	8.83
A	1.78	(0.06)	0.00	0.23	0.00	0.00	2.76	(4.15)	14.45
CRM	1.59	(0.10)	0.00	1.72	0.00	0.00	3.01	(3.64)	13.13
JPM	1.32	0.23	0.10	0.23	1.95	(1.38)	2.75	(2.12)	11.14
MRK	1.62	(0.23)	0.00	0.86	0.00	0.00	2.55	(4.72)	10.58
XOM	1.28	0.01	0.00	1.71	2.24	(1.20)	2.62	(2.77)	10.53

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