Doubleline Floating Correlations

Mutual Funds . USA . 
Fund . Doubleline Floating Rate
DBFRX Fund  USD 9.05  0.01  0.11%   
The current 90-days correlation between Doubleline Floating Rate and Oppenheimer Senior Floating is 0.17 (i.e., Average 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

Good diversification

The correlation between Doubleline Floating Rate and DJI is -0.09 (i.e., Good 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
  1.0DLFRX Doubleline Floating RatePairCorr
  0.74DLFNX Doubleline E FixedPairCorr
  0.8DLEUX Doubleline ShillerPairCorr
  0.69DLGBX Doubleline Global BondPairCorr
  0.98DLINX Doubleline FlexiblePairCorr
  0.95DLSNX Doubleline Low DurationPairCorr
  0.61DLTNX Doubleline Total ReturnPairCorr
  0.88BILTX Doubleline InfrastructurePairCorr
  0.89BILDX Doubleline InfrastructurePairCorr
  0.81DSEUX Doubleline ShillerPairCorr
  0.95DSENX Doubleline ShillerPairCorr
  0.96DSEEX Doubleline ShillerPairCorr
  0.8DBCMX Doubleline StrategicPairCorr
  0.96DBELX Doubleline EmergingPairCorr
  0.66DBLTX Doubleline Total ReturnPairCorr
  0.93DBLSX Doubleline Low DurationPairCorr
  0.97DBLNX Doubleline IncomePairCorr
  0.98DBLLX Doubleline Low DurationPairCorr
  0.97DBLIX Doubleline IncomePairCorr
  0.98DBLEX Doubleline EmergingPairCorr
  0.68DBLGX Doubleline Global BondPairCorr
  0.73DBLFX Doubleline E FixedPairCorr
  0.94DBSCX Doubleline SelectivePairCorr
  0.75DDCFX Doubleline Core FixedPairCorr
  0.96DDCPX Doubleline ShillerPairCorr
  0.94DDLDX Doubleline Low DurationPairCorr
  0.66DDTRX Doubleline Total ReturnPairCorr
  0.98DELNX Doubleline Low DurationPairCorr
  0.98DFFLX Doubleline FlexiblePairCorr
  0.98DFLEX Doubleline FlexiblePairCorr
  0.97OOSYX Oppenheimer SeniorPairCorr
  0.97OOSIX Oppenheimer SeniorPairCorr
  0.99LFRIX Floating RatePairCorr
  0.99LARCX Floating RatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OOSYX  0.12  0.05  0.00 (13.94) 0.00 
 0.00 
 0.48 
(0.16)
 1.11 
OOSIX  0.12  0.05  0.00 (9.48) 0.00 
 0.00 
 0.48 
(0.16)
 1.10 
LFRIX  0.10  0.04  0.00  2.07  0.00 
 0.00 
 0.51 
(0.12)
 0.75 
LARCX  0.09  0.04  0.00  2.78  0.00 
 0.00 
 0.38 
(0.12)
 0.75 
LFRRX  0.10  0.05 (1.36)(11.94) 0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFRFX  0.10  0.04  0.00  2.54  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LRRRX  0.10  0.04  0.00  2.43  0.00 
 0.00 
 0.51 
 0.00 
 0.75 
LRRTX  0.10  0.05  0.00  2.62  0.00 
 0.00 
 0.51 
(0.12)
 0.75 
LRRVX  0.10  0.05 (1.33)(23.46) 0.00 
(0.22)
 0.51 
(0.13)
 0.75 
LRRKX  0.10  0.05 (1.35) 6.40  0.00 
(0.22)
 0.50 
(0.12)
 0.75 

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