Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Momentum Rank : 5 (As of May. 17, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Doubleline Opportunistic Credit Fund Momentum Rank?

Doubleline Opportunistic Credit Fund has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Doubleline Opportunistic Credit Fund's Momentum Rank

For the Asset Management subindustry, Doubleline Opportunistic Credit Fund's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Doubleline Opportunistic Credit Fund's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Doubleline Opportunistic Credit Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Doubleline Opportunistic Credit Fund's Momentum Rank falls into.

Doubleline Opportunistic Credit Fund Momentum Rank Related Terms

Thank you for viewing the detailed overview of Doubleline Opportunistic Credit Fund's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Doubleline Opportunistic Credit Fund (NYSE:DBL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2002 North Tampa Street, Suite 200, Tampa, FL, USA, 33602

Website

https://www.doubleline.com

Doubleline Opportunistic Credit Fund operates as a closed-end management investment company. Its investment objective is to seek a high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund invests in debt securities, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments.

Executives

Lisa Chen	officer: AML Compliance Officer	C/O DOUBLELINE FUNDS, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
John C. Salter	other: Trustee	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Jose Sarmenta	officer: AML Officer	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Joan Elam	officer: Dir of HR for DBL's Inv Adv	C/O DOUBLELINE CAPITAL, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Robert Herron	officer: Vice President	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Andrew Hsu	other: Portfolio Manager of DBL	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Ken Shinoda	other: Portfolio Manager of DBL	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Henry V Chase	officer: See Remarks	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Maria Theresa Walker	officer: Vice President	333 SOUTH GRAND AVE 18 FLOOR, LOS ANGELES CA 90071
Dawn Oswald	officer: Vice President	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Youse Guia	officer: CHIEF COMPLIANCE OFFICER	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta	other: Adviser	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Adam D. Rossetti	officer: CHIEF COMPLIANCE OFFICER	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Winnie Han	officer: Assistant Treasurer	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Brady J. Femling	officer: Vice President	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071