Doubleline Income Correlations
DSL Fund | USD 12.05 0.02 0.17% |
The current 90-days correlation between Doubleline Income and Doubleline Yield Opportunities is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doubleline Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubleline Income Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Doubleline Income Correlation With Market
Very weak diversification
The correlation between Doubleline Income Solutions and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Income Solutions and DJI in the same portfolio, assuming nothing else is changed.
Doubleline |
Moving together with Doubleline Fund
0.66 | ANGCX | Angel Oak Multi | PairCorr |
0.65 | ANGLX | Angel Oak Multi | PairCorr |
0.69 | ANGIX | Angel Oak Multi | PairCorr |
0.82 | AOUNX | Angel Oak Ultrashort | PairCorr |
0.81 | AOUIX | Angel Oak Ultrashort | PairCorr |
0.82 | AOUAX | Angel Oak Ultrashort | PairCorr |
0.95 | DNP | Dnp Select Income | PairCorr |
0.96 | EXG | Eaton Vance Tax | PairCorr |
0.81 | NEA | Nuveen Amt Free | PairCorr |
0.89 | GAB | Gabelli Equity Trust | PairCorr |
0.91 | USA | Liberty All Star | PairCorr |
0.89 | FAX | Aberdeen Asia Pacific | PairCorr |
0.76 | NAD | Nuveen Dividend Advantage | PairCorr |
0.81 | NVG | Nuveen Amt Free | PairCorr |
0.89 | AILIX | Cavanal Hill Hedged | PairCorr |
0.92 | RGGHX | American Funds Global | PairCorr |
0.88 | FKINX | Franklin Income | PairCorr |
0.77 | XWDIX | Western Asset Diversified | PairCorr |
0.89 | PSFAX | Short Term Fund | PairCorr |
0.69 | LIOTX | Issachar Fund Class | PairCorr |
0.9 | FAVTX | Fidelity Advisor Equity | PairCorr |
0.89 | MHCAX | Mainstay High Yield | PairCorr |
0.96 | JLGAX | Jag Large Cap | PairCorr |
0.86 | JNVIX | Jensen Quality Value | PairCorr |
0.9 | CCATX | American Funds 2010 | PairCorr |
0.9 | PBHAX | Prudential High Yield | PairCorr |
0.91 | FROTX | Franklin Convertible | PairCorr |
0.91 | RDWCX | American Funds Developing | PairCorr |
0.9 | NCBVX | Prudential Qma Mid | PairCorr |
0.91 | ARRQX | Aristotle Value Equity | PairCorr |
0.9 | EPLDX | Mainstay Epoch Equity | PairCorr |
0.87 | MSFRX | Mfs Total Return | PairCorr |
0.9 | IBARX | Ivy Balanced | PairCorr |
0.91 | OAKMX | Oakmark Fund Investor | PairCorr |
0.93 | GMWAX | Gmo Global Asset | PairCorr |
0.93 | JHBAX | John Hancock Funds | PairCorr |
0.96 | BARAX | Baron Asset Fund | PairCorr |
0.93 | CENNX | Centerstone Investors | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Doubleline Fund performing well and Doubleline Income 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 Income'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DLY | 0.35 | 0.04 | (0.11) | 0.25 | 0.30 | 0.96 | 2.39 | |||
HFRO | 0.71 | 0.03 | (0.06) | 0.24 | 0.92 | 1.60 | 3.46 | |||
DBL | 0.39 | (0.01) | (0.26) | 0.07 | 0.40 | 0.86 | 1.98 | |||
AWF | 0.39 | 0.08 | 0.00 | 0.36 | 0.38 | 1.07 | 3.01 | |||
EMD | 0.52 | 0.14 | 0.08 | 0.57 | 0.23 | 1.46 | 2.78 | |||
PDI | 0.36 | 0.09 | 0.01 | 0.36 | 0.44 | 0.89 | 3.63 | |||
DFP | 0.40 | 0.06 | (0.04) | 0.31 | 0.59 | 0.94 | 3.27 | |||
UTF | 0.52 | 0.12 | 0.04 | 0.56 | 0.35 | 1.26 | 3.14 |