Doubleline Emerging Correlations

DBLEX Fund

USD 9.17 0.01 0.11%

The current 90-days correlation between Doubleline Emerging and Doubleline Strategic Modity is -0.02 (i.e., Good diversification). The correlation of Doubleline Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Doubleline Emerging Markets and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doubleline Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

Moving together with Doubleline Mutual Fund

0.97

DLENX

Doubleline Emerging

Pair Corr

Moving against Doubleline Mutual Fund

0.39	DLLDX	Doubleline Long Duration	Pair Corr
0.38	DBLDX	Doubleline Long Duration	Pair Corr
0.31	GPBFX	Gmo E Plus	Pair Corr

Related Correlations Analysis

	DLCMX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX
DLCMX		0.15	0.27	-0.19	0.24	-0.35	0.09	-0.22	0.05	DLCMX
DLELX	0.15		0.88	0.67	0.83	0.47	0.94	-0.05	0.93	DLELX
DLFRX	0.27	0.88		0.42	0.7	0.15	0.91	-0.31	0.87	DLFRX
DLFNX	-0.19	0.67	0.42		0.73	0.57	0.72	0.56	0.75	DLFNX
DLEUX	0.24	0.83	0.7	0.73		0.42	0.81	0.17	0.78	DLEUX
DLGBX	-0.35	0.47	0.15	0.57	0.42		0.37	0.34	0.34	DLGBX
DLINX	0.09	0.94	0.91	0.72	0.81	0.37		-0.02	0.97	DLINX
DLLDX	-0.22	-0.05	-0.31	0.56	0.17	0.34	-0.02		0.07	DLLDX
DLSNX	0.05	0.93	0.87	0.75	0.78	0.34	0.97	0.07		DLSNX
	DLCMX	DLELX	DLFRX	DLFNX	DLEUX	DLGBX	DLINX	DLLDX	DLSNX

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	+ 0.97	DLINX
DLINX	+ 0.94	DLELX
DLSNX	+ 0.93	DLELX
DLINX	+ 0.91	DLFRX
DLFRX	+ 0.88	DLELX
DLSNX	+ 0.87	DLFRX

High negative correlations

DLGBX	- 0.35	DLCMX
DLLDX	- 0.31	DLFRX
DLLDX	- 0.22	DLCMX
DLFNX	- 0.19	DLCMX
DLLDX	- 0.05	DLELX
DLLDX	- 0.02	DLINX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Emerging 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 Emerging'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	0.46	0.01	(0.05)	0.08	0.59	(0.50)	0.85	(0.96)	2.79
DLELX	0.20	0.02	(0.11)	0.25	0.17	(0.24)	0.42	(0.42)	0.96
DLFRX	0.05	0.01	0.00	1.19	0.00	0.00	0.11	(0.11)	0.34
DLFNX	0.14	0.00	(0.29)	0.06	0.11	(0.17)	0.22	(0.22)	0.75
DLEUX	0.57	0.06	0.04	0.17	0.56	(0.66)	1.32	(1.09)	3.69
DLGBX	0.17	(0.01)	(0.23)	(0.11)	0.21	(0.20)	0.34	(0.34)	0.91
DLINX	0.05	0.01	(0.41)	0.31	0.00	(0.11)	0.11	(0.11)	0.23
DLLDX	0.36	0.00	(0.11)	0.01	0.42	(0.42)	0.78	(0.78)	2.22
DLSNX	0.05	0.00	(0.42)	0.56	0.00	(0.10)	0.10	(0.10)	0.31

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