Doubleline Flexible Correlations

Mutual Funds . USA . 
Fund . Doubleline Flexible Income
DLINX Fund  USD 8.80  0.01  0.11%   
The current 90-days correlation between Doubleline Flexible and Doubleline Flexible Income is -0.07 (i.e., Good diversification). The correlation of Doubleline Flexible 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 Flexible Correlation With Market

Average diversification

The correlation between Doubleline Flexible Income and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Flexible Income 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 Flexible Income. 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 state.

Moving together with Doubleline Mutual Fund

  0.93DLENX Doubleline EmergingPairCorr
  0.96DLELX Doubleline EmergingPairCorr
  0.95DLFRX Doubleline Floating RatePairCorr
  0.98DLFNX Doubleline E FixedPairCorr
  0.92DLEUX Doubleline ShillerPairCorr
  0.91DLGBX Doubleline Global BondPairCorr
  0.9DLLDX Doubleline Long DurationPairCorr
  0.87DLSNX Doubleline Low DurationPairCorr
  0.86DLTNX Doubleline Total ReturnPairCorr
  0.86BILTX Doubleline InfrastructurePairCorr
  0.87BILDX Doubleline InfrastructurePairCorr
  0.92DSEUX Doubleline ShillerPairCorr
  0.66DSENX Doubleline ShillerPairCorr
  0.85DBELX Doubleline EmergingPairCorr
  0.83DBFRX Doubleline Floating RatePairCorr
  0.85DBLTX Doubleline Total ReturnPairCorr
  0.99DBLSX Doubleline Low DurationPairCorr
  0.99DBLNX Doubleline IncomePairCorr
  0.81DBLLX Doubleline Low DurationPairCorr
  0.86DBLIX Doubleline IncomePairCorr
  0.76DBLEX Doubleline EmergingPairCorr
  0.92DBLGX Doubleline Global BondPairCorr
  0.76DBLDX Doubleline Long DurationPairCorr
  0.88DBSCX Doubleline SelectivePairCorr
  0.8DDCFX Doubleline Core FixedPairCorr
  0.81DDLDX Doubleline Low DurationPairCorr
  0.85DDTRX Doubleline Total ReturnPairCorr
  0.98DELNX Doubleline Low DurationPairCorr
  0.99DFFLX Doubleline FlexiblePairCorr
  0.89DFLEX Doubleline FlexiblePairCorr
  0.84PONAX Pimco IncomePairCorr
  0.84PONCX Pimco IncomePairCorr
  0.85PIPNX Pimco IncomePairCorr
  0.85PONRX Pimco IncomePairCorr
  0.85PONPX Pimco Incme FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Flexible 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 Flexible'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DFLEX  0.06  0.02  0.00  13.02  0.00 
 0.00 
 0.12 
(0.11)
 0.46 
WSHNX  0.07  0.01 (0.71)(0.89) 0.00 
(0.15)
 0.33 
(0.08)
 0.50 
LZHOX  0.11  0.03 (0.27) 0.65  0.00 
(0.15)
 0.33 
(0.22)
 0.92 
BDHIX  0.23  0.05 (0.08)(0.59) 0.17 
(0.30)
 0.57 
(0.35)
 2.02 
ETIHX  0.90  0.27  0.22  0.45  0.74 
(1.03)
 2.13 
(1.50)
 4.61 
FAFWX  0.19  0.03 (0.11) 0.19  0.00 
(0.25)
 0.48 
(0.32)
 1.28 
JHYRX  0.14  0.02 (0.18) 0.20  0.00 
(0.22)
 0.41 
(0.27)
 1.09 
JHYAX  0.15  0.03 (0.17) 2.06  0.00 
(0.23)
 0.40 
(0.27)
 1.09 
JAHYX  0.16  0.02 (0.17) 0.21  0.00 
(0.25)
 0.41 
(0.27)
 1.08 
JHYNX  0.15  0.02 (0.17) 0.24  0.00 
(0.25)
 0.40 
(0.27)
 1.08 

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