Salient Alternative Correlations

Mutual Funds . USA . 
Fund . Salient Alternative Beta
SABCX Fund  USD 12.39  0.08  0.65%   
The current 90-days correlation between Salient Alternative Beta and Lord Abbett Intermediate is -0.37 (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

Very good diversification

The correlation between Salient Alternative Beta and DJI is -0.25 (i.e., Very 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 main economic indicators.

Moving together with Salient Mutual Fund

  0.84SABAX Salient Alternative BetaPairCorr
  1.0SABIX Aggressive BalancedPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  0.84SAMCX Salient Mlp FundPairCorr
  0.84SAMIX Moderately AggressivePairCorr
  0.98SSCCX Small CapitalizationPairCorr
  1.0SSCPX Small CapitalizationPairCorr
  1.0SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.76SBHIX Health BiotchnologyPairCorr
  0.84SBMBX Energy Basic MaterialsPairCorr
  1.0SBMCX Moderate BalancedPairCorr
  0.84SBMIX Moderate BalancedPairCorr
  0.82STPAX Technology CommunicationsPairCorr
  0.99STPCX Technology CommunicationsPairCorr
  0.99STPIX Technology CommunicationsPairCorr
  0.83SUMCX Conservative BalancedPairCorr
  0.92SEPIX Energy Basic MaterialsPairCorr
  0.88SEPCX Energy Basic MaterialsPairCorr
  0.88SFPCX Financial ServicesPairCorr
  0.98SFPAX Financial ServicesPairCorr
  0.88SFPIX Financial ServicesPairCorr
  0.8SHPAX Health BiotchnologyPairCorr
  0.74SHPCX Health BiotchnologyPairCorr
  0.79SIEYX International EquityPairCorr
  0.79SIECX International EquityPairCorr
  0.79SIEPX International EquityPairCorr
  1.0SLCGX Large CapitalizationPairCorr
  0.81SLCVX Large Cap ValuePairCorr
  0.79SLGCX Large CapitalizationPairCorr
  0.8SLGYX Large CapitalizationPairCorr
  1.0SLVCX Large Cap ValuePairCorr
  1.0SLVYX Large Cap ValuePairCorr
  0.77SMBCX Municipal Bond PortfolioPairCorr
  0.81SMBAX Municipal Bond PortfolioPairCorr
  0.83SMACX Moderately ConservativePairCorr
  0.83SMICX Moderately ConservativePairCorr
  0.88SMIPX Mid CapitalizationPairCorr

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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