Doubleline Long Duration Fund Quote
DLLDX Fund | USD 6.43 0.02 0.31% |
Performance0 of 100
| Odds Of DistressLess than 44
|
Doubleline Long is trading at 6.43 as of the 19th of March 2024; that is -0.31 percent decrease since the beginning of the trading day. The fund's open price was 6.45. Doubleline Long has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Doubleline Long Duration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2023 and ending today, the 19th of March 2024. Click here to learn more.
The fund seeks long-term total return comprised of capital growth and current income by investing principally in debt securities of any kind. The Adviser expects to construct an investment portfolio for the fund with a dollar-weighted average effective duration of at least ten years. More on Doubleline Long Duration
Moving together with Doubleline Mutual Fund
0.79 | DLELX | Doubleline Emerging | PairCorr |
Moving against Doubleline Mutual Fund
0.48 | DLFRX | Doubleline Floating Rate | PairCorr |
0.48 | DBFRX | Doubleline Floating Rate | PairCorr |
0.47 | DBLLX | Doubleline Low Duration | PairCorr |
0.45 | DLINX | Doubleline Flexible | PairCorr |
0.43 | DBLNX | Doubleline Income | PairCorr |
0.43 | DBLEX | Doubleline Emerging | PairCorr |
0.42 | DLSNX | Doubleline Low Duration | PairCorr |
Doubleline Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Doubleline Long's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Doubleline Long or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | DoubleLine Funds, Large Funds, Long Government Funds, Long Government, DoubleLine (View all Sectors) |
Update Date | 31st of March 2024 |
Expense Ratio Date | 29th of July 2022 |
Fiscal Year End | March |
Doubleline Long Duration [DLLDX] is traded in USA and was established 19th of March 2024. Doubleline Long is listed under DoubleLine category by Fama And French industry classification. The fund is listed under Long Government category and is part of DoubleLine family. This fund currently has accumulated 50.5 M in assets under management (AUM) with no minimum investment requirementsDoubleline Long Duration is currently producing year-to-date (YTD) return of 3.54% with the current yeild of 0.0%, while the total return for the last 3 years was -9.56%.
Check Doubleline Long Probability Of Bankruptcy
Instrument Allocation
Doubleline Long Target Price Odds Analysis
Based on a normal probability distribution, the odds of Doubleline Long jumping above the current price in 90 days from now is about 89.84%. The Doubleline Long Duration probability density function shows the probability of Doubleline Long mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Doubleline Long has a beta of 0.597 suggesting as returns on the market go up, Doubleline Long average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Doubleline Long Duration will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Doubleline Long Duration is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Doubleline Long to move above the current price in 90 days from now is about 89.84 (This Doubleline Long Duration probability density function shows the probability of Doubleline Mutual Fund to fall within a particular range of prices over 90 days) .
Doubleline Long Duration Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Doubleline Long market risk premium is the additional return an investor will receive from holding Doubleline Long long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Doubleline Long. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Doubleline Long's alpha and beta are two of the key measurements used to evaluate Doubleline Long's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.6666 | |||
Semi Deviation | 0.7963 | |||
Standard Deviation | 0.8688 | |||
Variance | 0.7549 |
Doubleline Long Against Markets
Picking the right benchmark for Doubleline Long mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Doubleline Long mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Doubleline Long is critical whether you are bullish or bearish towards Doubleline Long Duration at a given time. Please also check how Doubleline Long's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Doubleline Long without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Doubleline Mutual Fund?
Before investing in Doubleline Long, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Doubleline Long. To buy Doubleline Long fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Doubleline Long. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Doubleline Long fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Doubleline Long Duration fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Doubleline Long Duration fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Doubleline Long Duration, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Doubleline Long Duration?
The danger of trading Doubleline Long Duration is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Doubleline Long is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Doubleline Long. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Doubleline Long Duration is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doubleline Long Duration. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Doubleline Long Duration information on this page should be used as a complementary analysis to other Doubleline Long's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Doubleline Mutual Fund analysis
When running Doubleline Long's price analysis, check to measure Doubleline Long's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doubleline Long is operating at the current time. Most of Doubleline Long's value examination focuses on studying past and present price action to predict the probability of Doubleline Long's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doubleline Long's price. Additionally, you may evaluate how the addition of Doubleline Long to your portfolios can decrease your overall portfolio volatility.
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