Doubleline Long Related Correlations

DLLDX Fund

USD 6.20 0.04 0.64%

Generate correlation matrix for Doubleline Long and other related equities to check the degree to which Doubleline Long Duration price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Doubleline Long Duration. To filter out specific equities, please toggle its corresponding legend item. 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.

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Please note, there is a significant difference between Doubleline Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubleline Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubleline Long's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	DLCMX	DLENX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLSNX
DLCMX		0.81	-0.27	0.94	-0.32	0.61	-0.49	0.92	0.87	DLCMX
DLENX	0.81		0.14	0.89	0.05	0.85	-0.13	0.93	0.91	DLENX
DLELX	-0.27	0.14		-0.17	0.64	0.38	0.76	-0.09	-0.05	DLELX
DLFRX	0.94	0.89	-0.17		-0.25	0.66	-0.41	0.96	0.93	DLFRX
DLFNX	-0.32	0.05	0.64	-0.25		0.42	0.91	-0.05	0.06	DLFNX
DLEUX	0.61	0.85	0.38	0.66	0.42		0.28	0.77	0.78	DLEUX
DLGBX	-0.49	-0.13	0.76	-0.41	0.91	0.28		-0.26	-0.17	DLGBX
DLINX	0.92	0.93	-0.09	0.96	-0.05	0.77	-0.26		0.98	DLINX
DLSNX	0.87	0.91	-0.05	0.93	0.06	0.78	-0.17	0.98		DLSNX
	DLCMX	DLENX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLSNX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DLSNX	+ 0.98	DLINX
DLINX	+ 0.96	DLFRX
DLFRX	+ 0.94	DLCMX
DLINX	+ 0.93	DLENX
DLSNX	+ 0.93	DLFRX
DLINX	+ 0.92	DLCMX

High negative correlations

DLGBX	- 0.49	DLCMX
DLGBX	- 0.41	DLFRX
DLFNX	- 0.32	DLCMX
DLELX	- 0.27	DLCMX
DLINX	- 0.26	DLGBX
DLFNX	- 0.25	DLFRX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Long 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 Long'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
DLCMX	0.41	0.13	0.12	2.14	0.27	(0.47)	0.84	(0.71)	1.96
DLENX	0.14	0.01	(0.17)	0.34	0.06	(0.18)	0.23	(0.34)	1.12
DLELX	0.36	(0.09)	0.00	(0.59)	0.00	0.00	0.36	(1.03)	2.86
DLFRX	0.06	0.02	0.00	2.10	0.00	0.00	0.11	(0.11)	0.99
DLFNX	0.29	(0.05)	0.00	(0.14)	0.00	0.00	0.45	(0.65)	1.64
DLEUX	0.55	(0.04)	(0.08)	0.00	0.64	(0.64)	1.14	(1.22)	3.55
DLGBX	0.25	(0.07)	0.00	(0.19)	0.00	0.00	0.48	(0.84)	1.68
DLINX	0.10	0.01	(0.22)	0.23	0.00	(0.16)	0.24	(0.23)	0.93
DLSNX	0.07	0.00	(0.35)	0.02	0.00	(0.12)	0.11	(0.21)	0.63

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Doubleline Long Related Correlations

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Risk-Adjusted Indicators

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