Doubleline Long Correlations

DLLDX Fund

USD 6.09 0.01 0.16%

The current 90-days correlation between Doubleline Long Duration and Doubleline Floating Rate is 0.05 (i.e., Significant diversification). The correlation of Doubleline Long 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 Long Correlation With Market

Weak diversification

The correlation between Doubleline Long Duration and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Long Duration 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 Long Duration. 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 unemployment.

Moving together with Doubleline Mutual Fund

0.65	DLFNX	Doubleline E Fixed	Pair Corr
0.79	DLTNX	Doubleline Total Return	Pair Corr
0.73	DBLTX	Doubleline Total Return	Pair Corr
0.65	DBLFX	Doubleline E Fixed	Pair Corr
1.0	DBLDX	Doubleline Long Duration	Pair Corr
0.64	DDCFX	Doubleline Core Fixed	Pair Corr
0.75	DDTRX	Doubleline Total Return	Pair Corr
0.98	FTLTX	Fidelity Series Long	Pair Corr
0.98	VLGSX	Vanguard Long Term	Pair Corr
0.98	PRUUX	Us Treasury Long	Pair Corr
0.98	PRULX	Us Treasury Long	Pair Corr

Related Correlations Analysis

	DLFRX	DLSNX	DLCMX	DLFNX	DLENX
DLFRX		0.95	0.8	0.74	0.98	DLFRX
DLSNX	0.95		0.76	0.89	0.97	DLSNX
DLCMX	0.8	0.76		0.59	0.83	DLCMX
DLFNX	0.74	0.89	0.59		0.83	DLFNX
DLENX	0.98	0.97	0.83	0.83		DLENX
	DLFRX	DLSNX	DLCMX	DLFNX	DLENX

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Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Long 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 Long'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
DLFRX	0.08	0.05	0.00	1.12	0.00	0.00	0.23	(0.11)	0.57
DLSNX	0.07	0.02	(1.06)	(7.00)	0.00	(0.11)	0.11	(0.10)	0.32
DLCMX	0.48	0.08	(0.09)	(1.55)	0.45	(0.65)	1.03	(1.00)	2.80
DLFNX	0.22	0.01	(0.37)	0.37	0.18	(0.26)	0.44	(0.44)	1.10
DLENX	0.10	0.04	(0.68)	1.01	0.00	(0.17)	0.23	(0.11)	0.57

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Doubleline Long Correlations

Doubleline Long Correlation With Market

Weak diversification

Moving together with Doubleline Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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