Doubleline Core Correlations
DDCFX Fund | USD 9.27 0.01 0.11% |
The current 90-days correlation between Doubleline Core Fixed and American Funds Retirement is 0.56 (i.e., Very weak diversification). The correlation of Doubleline Core 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 Core Correlation With Market
Significant diversification
The correlation between Doubleline Core Fixed and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Core Fixed and DJI in the same portfolio, assuming nothing else is changed.
Doubleline |
Moving together with Doubleline Mutual Fund
0.82 | DLENX | Doubleline Emerging | PairCorr |
0.85 | DLELX | Doubleline Emerging | PairCorr |
0.74 | DLFRX | Doubleline Floating Rate | PairCorr |
0.94 | DLFNX | Doubleline E Fixed | PairCorr |
0.83 | DLINX | Doubleline Flexible | PairCorr |
0.9 | DLSNX | Doubleline Low Duration | PairCorr |
0.97 | DLTNX | Doubleline Total Return | PairCorr |
0.96 | BILTX | Doubleline Infrastructure | PairCorr |
0.75 | DSENX | Doubleline Shiller | PairCorr |
0.75 | DSEEX | Doubleline Shiller | PairCorr |
0.61 | DBCMX | Doubleline Strategic | PairCorr |
0.85 | DBELX | Doubleline Emerging | PairCorr |
0.74 | DBFRX | Doubleline Floating Rate | PairCorr |
0.93 | DBLTX | Doubleline Total Return | PairCorr |
0.91 | DBLSX | Doubleline Low Duration | PairCorr |
0.83 | DBLLX | Doubleline Low Duration | PairCorr |
0.86 | DBLIX | Doubleline Income | PairCorr |
0.9 | DBLGX | Doubleline Global Bond | PairCorr |
0.94 | DBLFX | Doubleline E Fixed | PairCorr |
0.71 | DDCPX | Doubleline Shiller | PairCorr |
0.91 | DDLDX | Doubleline Low Duration | PairCorr |
0.92 | DDTRX | Doubleline Total Return | PairCorr |
0.84 | DELNX | Doubleline Low Duration | PairCorr |
0.83 | DFLEX | Doubleline Flexible | PairCorr |
0.91 | MWTNX | Metropolitan West Total | PairCorr |
0.97 | MWTSX | Metropolitan West Total | PairCorr |
0.93 | PTTPX | Pimco Total Return | PairCorr |
0.93 | PTRRX | Total Return | PairCorr |
0.93 | PTRAX | Total Return | PairCorr |
0.94 | PTTRX | Total Return | PairCorr |
0.98 | FIWGX | Strategic Advisers | PairCorr |
0.99 | DODIX | Dodge Income | PairCorr |
0.92 | MWTIX | Metropolitan West Total | PairCorr |
0.97 | MWTRX | Metropolitan West Total | PairCorr |
0.65 | PMPIX | Precious Metals Ultr Steady Growth | PairCorr |
0.64 | PMPSX | Precious Metals Ultr Steady Growth | PairCorr |
Related Correlations Analysis
0.98 | 0.98 | 0.99 | 0.99 | 0.99 | 0.98 | RRPPX | ||
0.98 | 1.0 | 0.99 | 0.99 | 0.99 | 1.0 | URFRX | ||
0.98 | 1.0 | 0.99 | 0.99 | 0.99 | 1.0 | JLIEX | ||
0.99 | 0.99 | 0.99 | 1.0 | 1.0 | 0.98 | QCGLRX | ||
0.99 | 0.99 | 0.99 | 1.0 | 1.0 | 0.98 | BIMPX | ||
0.99 | 0.99 | 0.99 | 1.0 | 1.0 | 0.98 | PPLSX | ||
0.98 | 1.0 | 1.0 | 0.98 | 0.98 | 0.98 | RRTBX | ||
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Risk-Adjusted Indicators
There is a big difference between Doubleline Mutual Fund performing well and Doubleline Core 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 Core'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RRPPX | 0.27 | 0.13 | (0.19) | (2.17) | 0.00 | 0.79 | 1.83 | |||
URFRX | 0.37 | 0.07 | (0.05) | 0.34 | 0.00 | 1.22 | 2.39 | |||
JLIEX | 0.43 | 0.08 | 0.01 | 0.32 | 0.00 | 1.39 | 3.18 | |||
QCGLRX | 0.54 | 0.29 | 0.09 | (2.01) | 0.00 | 1.74 | 3.95 | |||
BIMPX | 0.30 | 0.14 | (0.17) | (2.37) | 0.00 | 1.00 | 2.03 | |||
PPLSX | 0.33 | 0.17 | (0.09) | (1.87) | 0.00 | 1.11 | 2.58 | |||
RRTBX | 0.27 | 0.04 | (0.20) | 0.31 | 0.00 | 0.97 | 1.99 |