Doubleline Strategic Correlations

DBCMX Fund

USD 7.20 0.09 1.23%

The current 90-days correlation between Doubleline Strategic and Doubleline Shiller Enhanced is -0.04 (i.e., Good diversification). The correlation of Doubleline Strategic 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 Strategic Correlation With Market

Significant diversification

The correlation between Doubleline Strategic Modity and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Strategic Modity 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 Strategic Modity. 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 population.

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DLCMX

Doubleline Strategic

Pair Corr

Related Correlations Analysis

	DSENX	DLFRX	DLINX	DLENX
DSENX		0.85	0.89	0.67	DSENX
DLFRX	0.85		0.87	0.51	DLFRX
DLINX	0.89	0.87		0.8	DLINX
DLENX	0.67	0.51	0.8		DLENX
	DSENX	DLFRX	DLINX	DLENX

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Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Strategic 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 Strategic'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
DSENX	0.56	0.05	0.01	0.22	0.41	(0.65)	1.25	(1.07)	2.94
DLFRX	0.05	0.03	0.00	3.03	0.00	0.00	0.11	0.00	0.11
DLINX	0.06	0.02	(0.90)	(1.75)	0.00	(0.12)	0.12	(0.12)	0.35
DLENX	0.12	0.02	(0.78)	0.80	0.00	(0.16)	0.22	(0.22)	0.67

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Doubleline Strategic Correlations

Doubleline Strategic Correlation With Market

Significant diversification

Moving together with Doubleline Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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