Doubleline Floating Correlations

Mutual Funds . USA . 
Fund . Doubleline Floating Rate
DLFRX Fund  USD 9.07  0.01  0.11%   
The current 90-days correlation between Doubleline Floating Rate and Doubleline E Fixed is -0.04 (i.e., Good 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

Very weak diversification

The correlation between Doubleline Floating Rate and DJI is 0.49 (i.e., Very weak 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

  0.8DLCMX Doubleline StrategicPairCorr
  0.98DLENX Doubleline EmergingPairCorr
  0.96DLELX Doubleline EmergingPairCorr
  0.74DLFNX Doubleline E FixedPairCorr
  0.82DLEUX Doubleline ShillerPairCorr
  0.66DLGBX Doubleline Global BondPairCorr
  0.98DLINX Doubleline FlexiblePairCorr
  0.95DLSNX Doubleline Low DurationPairCorr
  0.61DLTNX Doubleline Total ReturnPairCorr
  0.66BILTX Doubleline InfrastructurePairCorr
  0.67BILDX Doubleline InfrastructurePairCorr
  0.83DSEUX Doubleline ShillerPairCorr
  0.96DSENX Doubleline ShillerPairCorr
  0.96DSEEX Doubleline ShillerPairCorr
  0.97DBELX Doubleline EmergingPairCorr
  1.0DBFRX Doubleline Floating RatePairCorr
  0.66DBLTX Doubleline Total ReturnPairCorr
  0.93DBLSX Doubleline Low DurationPairCorr
  0.98DBLNX Doubleline IncomePairCorr
  0.98DBLLX Doubleline Low DurationPairCorr
  0.98DBLIX Doubleline IncomePairCorr
  0.98DBLEX Doubleline EmergingPairCorr
  0.66DBLGX Doubleline Global BondPairCorr
  0.73DBLFX Doubleline E FixedPairCorr
  0.95DBSCX Doubleline SelectivePairCorr
  0.75DDCFX Doubleline Core FixedPairCorr
  0.95DDCPX Doubleline ShillerPairCorr
  0.94DDLDX Doubleline Low DurationPairCorr
  0.67DDTRX Doubleline Total ReturnPairCorr
  0.98DELNX Doubleline Low DurationPairCorr
  0.64DFFLX Doubleline FlexiblePairCorr
  0.98DFLEX Doubleline FlexiblePairCorr
  0.97OOSYX Oppenheimer SeniorPairCorr
  0.98OOSIX Oppenheimer SeniorPairCorr
  0.99LFRIX Floating RatePairCorr
  0.99LARCX Floating RatePairCorr

Related Correlations Analysis

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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.

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