Doubleline Long Duration Fund Market Value

DLLDX Fund  USD 6.43  0.02  0.31%   
Doubleline Long's market value is the price at which a share of Doubleline Long stock trades on a public exchange. It measures the collective expectations of Doubleline Long Duration investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Doubleline Long Duration and determine expected loss or profit from investing in Doubleline Long over a given investment horizon.
Check out Doubleline Long Correlation, Doubleline Long Volatility and Doubleline Long Alpha and Beta module to complement your research on Doubleline Long.
Symbol

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.

Doubleline Long 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Doubleline Long's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Doubleline Long.
0.00
02/18/2024
No Change 0.00  0.0 
In 30 days
03/19/2024
0.00
If you would invest  0.00  in Doubleline Long on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Long Duration or generate 0.0% return on investment in Doubleline Long over 30 days. Doubleline Long is related to or competes with USCF Gold, Doubleline Strategic, Doubleline Emerging, Doubleline Emerging, Doubleline Floating, Doubleline, and Doubleline Shiller. The fund seeks long-term total return comprised of capital growth and current income by investing principally in debt se... More

Doubleline Long Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Doubleline Long's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Doubleline Long Duration upside and downside potential and time the market with a certain degree of confidence.

Doubleline Long Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Long's standard deviation. In reality, there are many statistical measures that can use Doubleline Long historical prices to predict the future Doubleline Long's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Doubleline Long's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Doubleline Long in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
5.636.437.23
Details
Intrinsic
Valuation
LowRealHigh
5.686.487.28
Details
Naive
Forecast
LowNextHigh
5.666.467.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.376.496.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Doubleline Long. Your research has to be compared to or analyzed against Doubleline Long's peers to derive any actionable benefits. When done correctly, Doubleline Long's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Doubleline Long Duration.

Doubleline Long Duration Backtested Returns

Doubleline Long Duration secures Sharpe Ratio (or Efficiency) of -0.0976, which denotes the fund had -0.0976% return per unit of risk over the last 3 months. Our standpoint towards predicting the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Doubleline Long Duration exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Doubleline Long's Downside Deviation of 0.8748, coefficient of variation of 5602.82, and Mean Deviation of 0.6674 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.075, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Long returns are expected to increase less than the market. However, during the bear market, the loss on holding Doubleline Long will be expected to be smaller as well. Even though it is essential to pay attention to Doubleline Long Duration historical returns, it is always good to be careful when utilizing equity current trending patterns.

Auto-correlation

    
  -0.66  

Very good reverse predictability

Doubleline Long Duration has very good reverse predictability. Overlapping area represents the amount of predictability between Doubleline Long time series from 18th of February 2024 to 4th of March 2024 and 4th of March 2024 to 19th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Doubleline Long Duration price movement. The serial correlation of -0.66 indicates that around 66.0% of current Doubleline Long price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.0

Doubleline Long Duration lagged returns against current returns

Autocorrelation, which is Doubleline Long mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Doubleline Long's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Long returns to help us make a trade decision. For example, suppose you find that Doubleline Long mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Doubleline Long regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Doubleline Long mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Long mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubleline Long mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Doubleline Long Lagged Returns

When evaluating Doubleline Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Long mutual fund have on its future price. Doubleline Long autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Doubleline Long autocorrelation shows the relationship between Doubleline Long mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Long Duration.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Doubleline Long in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Doubleline Long's short interest history, or implied volatility extrapolated from Doubleline Long options trading.

Pair Trading with Doubleline Long

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Doubleline Long position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Doubleline Long will appreciate offsetting losses from the drop in the long position's value.

Moving together with Doubleline Mutual Fund

  0.79DLELX Doubleline EmergingPairCorr
The ability to find closely correlated positions to Doubleline Long could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doubleline Long when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Doubleline Long - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Doubleline Long Duration to buy it.
The correlation of Doubleline Long is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doubleline Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubleline Long Duration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Doubleline Long can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Doubleline Long Correlation, Doubleline Long Volatility and Doubleline Long Alpha and Beta module to complement your research on Doubleline Long.
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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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Doubleline Long technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Doubleline Long technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Doubleline Long trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...