Doubleline Emerging Correlations
| DLELX Fund | USD 9.63 0.01 0.10% |
The current 90-days correlation between Doubleline Emerging and American Beacon Ark is 0.03 (i.e., Significant 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
Modest diversification
The correlation between Doubleline Emerging Markets and DJI is 0.23 (i.e., Modest 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.
Doubleline |
Moving together with Doubleline Mutual Fund
| 0.79 | DLFRX | Doubleline Floating Rate | PairCorr |
| 0.69 | DLEUX | Doubleline Shiller | PairCorr |
| 0.81 | DLINX | Doubleline Flexible | PairCorr |
| 0.78 | DLSNX | Doubleline Low Duration | PairCorr |
| 0.87 | DBELX | Doubleline Emerging | PairCorr |
| 0.76 | DBLSX | Doubleline Low Duration | PairCorr |
| 0.88 | DBLNX | Doubleline Income | PairCorr |
| 0.88 | DBSCX | Doubleline Selective | PairCorr |
| 0.77 | DELNX | Doubleline Low Duration | PairCorr |
| 0.82 | DFLEX | Doubleline Flexible | PairCorr |
| 0.83 | PLMPX | Pimco Emerging Markets | PairCorr |
| 0.83 | PLMIX | Pimco Emerging Markets | PairCorr |
| 0.86 | PELPX | Pimco Emerging Local | PairCorr |
| 0.86 | PELBX | Pimco Emerging Local | PairCorr |
| 0.87 | PELAX | Pimco Emerging Local | PairCorr |
| 0.86 | EEIIX | Eaton Vance Emerging | PairCorr |
| 0.85 | EEIAX | Eaton Vance Emerging | PairCorr |
| 0.86 | EEICX | Eaton Vance Emerging | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADNRX | 1.78 | (0.15) | 0.00 | (0.02) | 0.00 | 3.54 | 9.43 | |||
| CFMOX | 0.06 | 0.01 | (0.52) | 2.12 | 0.00 | 0.16 | 0.38 | |||
| EAEMX | 0.40 | 0.00 | (0.05) | 0.06 | 0.53 | 0.75 | 2.44 | |||
| DHY | 0.57 | (0.08) | 0.00 | (0.16) | 0.00 | 1.00 | 3.46 | |||
| DSCVX | 0.83 | (0.05) | (0.03) | 0.02 | 1.08 | 2.01 | 4.10 | |||
| EVM | 0.49 | 0.16 | 0.25 | 1.83 | 0.00 | 1.36 | 4.10 | |||
| LVOLX | 0.45 | 0.01 | (0.02) | 0.07 | 0.51 | 0.96 | 2.38 | |||
| FIFNX | 0.65 | (0.02) | 0.00 | (0.18) | 0.00 | 1.16 | 3.84 | |||
| MPACX | 0.83 | (0.08) | 0.00 | (0.45) | 0.00 | 1.77 | 6.32 |