Doubleline Emerging Markets Fund Market Value
| DLELX Fund | USD 8.49 0.03 0.35% |
| Symbol | Doubleline |
Doubleline Emerging '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 Emerging'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 Emerging.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Doubleline Emerging on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Doubleline Emerging Markets or generate 0.0% return on investment in Doubleline Emerging over 360 days. Doubleline Emerging is related to or competes with Adams Diversified, Delaware Limited-term, Evaluator Conservative, American Funds, and Blackrock Conservative. The advisor intends to invest principally in bonds of issuers in emerging market countries denominated in local currenci... More
Doubleline Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.5869 |
Doubleline Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Emerging's standard deviation. In reality, there are many statistical measures that can use Doubleline Emerging historical prices to predict the future Doubleline Emerging's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (2.60) |
Doubleline Emerging Backtested Returns
Doubleline Emerging secures Sharpe Ratio (or Efficiency) of -0.0661, which denotes the fund had a -0.0661% return per unit of risk over the last 3 months. Doubleline Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doubleline Emerging's Mean Deviation of 0.3287, standard deviation of 0.4025, and Variance of 0.162 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0191, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Emerging is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Doubleline Emerging Markets has weak reverse predictability. Overlapping area represents the amount of predictability between Doubleline Emerging time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Emerging price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Doubleline Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Doubleline Emerging lagged returns against current returns
Autocorrelation, which is Doubleline Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Emerging returns to help us make a trade decision. For example, suppose you find that Doubleline Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Emerging Lagged Returns
When evaluating Doubleline Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Emerging mutual fund have on its future price. Doubleline Emerging 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 Emerging autocorrelation shows the relationship between Doubleline Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Emerging Markets.
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 Emerging 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 Emerging security.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |