Salient Tactical Correlations

Mutual Funds . USA . 
Fund . Salient Tactical Plus
SBTAX Fund  USD 10.29  0.01  0.1%   
The current 90-days correlation between Salient Tactical Plus and Gmo High Yield is 0.02 (i.e., Significant diversification). The correlation of Salient Tactical 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 Tactical Correlation With Market

Significant diversification

The correlation between Salient Tactical Plus and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Tactical Plus 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 Tactical Plus. 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

  1.0SBTIX Salient Tactical PlusPairCorr
  1.0BTPIX Salient Tactical PlusPairCorr

Moving against Salient Mutual Fund

  0.73JHEQX Jpmorgan Hedged EquityPairCorr
  0.7FTGMX Salient Tactical GrowthPairCorr
  0.66KIFAX Salient Select IncomePairCorr
  0.65KIFYX Salient Select IncomePairCorr
  0.63JHDCX Jpmorgan Hedged EquityPairCorr
  0.61SMFPX Salient Mlp EnergyPairCorr
  0.59SMLPX Salient Mlp EnergyPairCorr
  0.58SMRPX Salient Mlp EnergyPairCorr
  0.43JHQCX Jpmorgan Hedged EquityPairCorr
  0.43JHQAX Jpmorgan Hedged EquityPairCorr
  0.4FTGWX Salient Tactical GrowthPairCorr
  0.4GTENX Gateway Fund ClassPairCorr
  0.4GTECX Gateway Fund ClassPairCorr
  0.4GTEYX Gateway Fund ClassPairCorr
  0.4GATEX Gateway Fund ClassPairCorr
  0.39FTGOX Salient Tactical GrowthPairCorr
  0.72IWIRX Guinness Atkinson GlobalPairCorr
  0.7TBLPX T Rowe PricePairCorr
  0.64GBMFX Gmo Benchmark FreePairCorr
  0.62JHDRX Jpmorgan Hedged EquityPairCorr
  0.59JHDAX Jpmorgan Hedged EquityPairCorr
  0.51VADGX Vanguard Advice SelectPairCorr
  0.42MCGFX Aston Montag CaldwellPairCorr
  0.41BTMPX Ishares Msci EafePairCorr
  0.41BTMKX Blackrock InternationalPairCorr
  0.41MDIIX Blackrock Intern IndexPairCorr
  0.41FRCHX Fidelity Freedom BlendPairCorr
  0.41LEKKX Blackrock Lifepath EsgPairCorr
  0.39PSIFX Prudential Qma StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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