Doubleline Floating Rate Fund Market Value
| DBFRX Fund | USD 9.06 0.01 0.11% |
| Symbol | Doubleline |
Doubleline Floating '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 Floating'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 Floating.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in Doubleline Floating on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Floating Rate or generate 0.0% return on investment in Doubleline Floating over 180 days. Doubleline Floating is related to or competes with Lord Abbett, SCOR PK, Morningstar Unconstrained, Thrivent High, Via Renewables, Bondbloxx ETF, and Spring Valley. The fund normally will invest at least 80 percent of its net assets in floating rate loans and other floating rate inves... More
Doubleline Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.01) | |||
| Maximum Drawdown | 0.6628 | |||
| Potential Upside | 0.1117 |
Doubleline Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Floating's standard deviation. In reality, there are many statistical measures that can use Doubleline Floating historical prices to predict the future Doubleline Floating's volatility.| Risk Adjusted Performance | 0.1087 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 1.24 |
Doubleline Floating Rate Backtested Returns
At this stage we consider Doubleline Mutual Fund to be very steady. Doubleline Floating Rate secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty technical indicators for Doubleline Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Doubleline Floating's Mean Deviation of 0.0583, variance of 0.01, and Standard Deviation of 0.0999 to check if the risk estimate we provide is consistent with the expected return of 0.0248%. The fund shows a Beta (market volatility) of 0.011, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Floating is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Doubleline Floating Rate has very good predictability. Overlapping area represents the amount of predictability between Doubleline Floating time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th of December 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 Floating Rate price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Doubleline Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Doubleline Floating Rate lagged returns against current returns
Autocorrelation, which is Doubleline Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Floating returns to help us make a trade decision. For example, suppose you find that Doubleline Floating has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Doubleline Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Floating Lagged Returns
When evaluating Doubleline Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Floating mutual fund have on its future price. Doubleline Floating 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 Floating autocorrelation shows the relationship between Doubleline Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Floating Rate.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Doubleline Mutual Fund
Doubleline Floating financial ratios help investors to determine whether Doubleline Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Doubleline with respect to the benefits of owning Doubleline Floating security.
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