1290 Doubleline Correlations

TNXAX Fund

USD 10.58 0.02 0.19%

The current 90-days correlation between 1290 Doubleline Dynamic and Artisan High Income is -0.07 (i.e., Good diversification). The correlation of 1290 Doubleline 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.

1290 Doubleline Correlation With Market

Poor diversification

The correlation between 1290 Doubleline Dynamic and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Doubleline Dynamic and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1290 Doubleline Dynamic. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with 1290 Mutual Fund

0.99	VWINX	Vanguard Wellesley Income	Pair Corr
0.99	VWIAX	Vanguard Wellesley Income	Pair Corr
0.99	BKMIX	Blackrock Multi Asset	Pair Corr
0.99	HBLTX	Hartford Balanced	Pair Corr
0.86	HBLRX	Hartford Balanced	Pair Corr
0.99	HBLSX	Hartford Balanced	Pair Corr
0.87	HBLVX	Hartford Balanced	Pair Corr
0.99	HBLYX	Hartford Balanced	Pair Corr
0.86	HBLCX	Hartford Balanced	Pair Corr
0.99	HBLIX	Hartford Balanced	Pair Corr
0.96	SMPSX	Semiconductor Ultrasector	Pair Corr
0.94	TTEEX	T Rowe Price Steady Growth	Pair Corr
0.94	TREMX	T Rowe Price Steady Growth	Pair Corr
0.91	FELIX	Fidelity Advisor Sem	Pair Corr
0.89	ONERX	One Rock Fund	Pair Corr
0.97	RYVYX	Nasdaq 100 2x	Pair Corr
0.97	RYVLX	Nasdaq 100 2x	Pair Corr
0.91	FSELX	Fidelity Select Semi	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr

Moving against 1290 Mutual Fund

0.71	PG	Procter Gamble	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.35	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ARTFX	FIBPX	MBSAX	PRVBX	JAFLX	SDGIX	RULFX
ARTFX		0.88	0.96	0.89	0.86	0.72	0.96	ARTFX
FIBPX	0.88		0.92	0.81	0.9	0.86	0.9	FIBPX
MBSAX	0.96	0.92		0.94	0.96	0.86	0.95	MBSAX
PRVBX	0.89	0.81	0.94		0.92	0.81	0.92	PRVBX
JAFLX	0.86	0.9	0.96	0.92		0.96	0.91	JAFLX
SDGIX	0.72	0.86	0.86	0.81	0.96		0.82	SDGIX
RULFX	0.96	0.9	0.95	0.92	0.91	0.82		RULFX
	ARTFX	FIBPX	MBSAX	PRVBX	JAFLX	SDGIX	RULFX

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Doubleline 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 1290 Doubleline'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
ARTFX	0.12	0.04	(0.44)	(1.35)	0.00	(0.21)	0.33	(0.11)	0.88
FIBPX	0.26	0.03	(0.20)	0.86	0.15	(0.30)	0.54	(0.46)	1.17
MBSAX	0.22	0.00	(0.11)	0.00	0.08	(0.27)	0.52	(0.43)	1.40
PRVBX	0.08	0.02	(0.54)	(5.71)	0.00	(0.10)	0.20	(0.17)	0.46
JAFLX	0.23	0.02	(0.24)	0.33	0.18	(0.29)	0.52	(0.41)	1.24
SDGIX	0.18	0.00	(0.35)	0.12	0.17	(0.20)	0.34	(0.35)	0.84
RULFX	0.04	0.00	(0.82)	0.37	0.00	(0.18)	0.10	(0.10)	0.50

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