Salient Alternative Correlations

Mutual Funds . USA . 
Fund . Salient Alternative Beta
SABAX Fund  USD 12.48  0.01  0.08%   
The current 90-days correlation between Salient Alternative Beta and Financials Ultrasector Profund is -0.21 (i.e., Very good diversification). The correlation of Salient Alternative 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.

Salient Alternative Correlation With Market

Good diversification

The correlation between Salient Alternative Beta and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Alternative Beta and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Salient Alternative Beta. 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 nation.

Moving together with Salient Mutual Fund

  1.0SABIX Aggressive BalancedPairCorr
  1.0SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  0.99SAMCX Salient Mlp FundPairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.98SSCCX Small CapitalizationPairCorr
  0.98SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.61SBHIX Health BiotchnologyPairCorr
  0.88SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology MunicationsPairCorr
  0.98STPCX Technology MunicationsPairCorr
  0.99STPIX Technology MunicationsPairCorr
  1.0SCAAX Conservative BalancedPairCorr
  1.0SUMCX Conservative BalancedPairCorr
  0.89SEPIX Energy Basic MaterialsPairCorr
  0.88SEPCX Energy Basic MaterialsPairCorr
  0.96SFPCX Financial ServicesPairCorr
  0.98SFPAX Financial ServicesPairCorr
  0.96SFPIX Financial ServicesPairCorr
  0.67SHPCX Health BiotchnologyPairCorr
  0.96SIEYX International EquityPairCorr
  0.96SIECX International EquityPairCorr
  0.96SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.99SLGCX Large CapitalizationPairCorr
  1.0SLGYX Large CapitalizationPairCorr
  0.98SLVCX Large Cap ValuePairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.87SMBCX Municipal Bond PortfolioPairCorr
  0.9SMBAX Municipal Bond PortfolioPairCorr
  1.0SMACX Moderately ServativePairCorr
  0.9SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Salient Mutual Fund performing well and Salient Alternative 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 Salient Alternative'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.

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