Salient Mlp Correlations

SMAPX Fund

USD 10.37 0.05 0.48%

The current 90-days correlation between Salient Mlp Energy and Tortoise Mlp Pipeline is 0.99 (i.e., No risk reduction). The correlation of Salient Mlp 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 Mlp Correlation With Market

Very good diversification

The correlation between Salient Mlp Energy and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Mlp Energy 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 Mlp Energy. 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 american community survey.

Moving together with Salient Mutual Fund

0.77	FTAGX	Salient Tactical Growth	Pair Corr
0.68	FTGOX	Salient Tactical Growth	Pair Corr
0.7	FTGWX	Salient Tactical Growth	Pair Corr
0.89	KIFAX	Salient Select Income	Pair Corr
1.0	SMFPX	Salient Mlp Energy	Pair Corr
1.0	SMLPX	Salient Mlp Energy	Pair Corr
0.98	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.99	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.95	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	GMLPX	Goldman Sachs Mlp	Pair Corr
0.97	GLPIX	Goldman Sachs Mlp	Pair Corr
0.85	GLPRX	Goldman Sachs Mlp	Pair Corr
0.81	FSMMX	Fs Multi Strategy	Pair Corr
0.93	BTMPX	Ishares Msci Eafe	Pair Corr
0.93	BTMKX	Blackrock International	Pair Corr
0.91	MDIIX	Blackrock Intern Index	Pair Corr
0.94	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.82	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.86	NPSFX	Nuveen Preferred Sec	Pair Corr
0.89	FDAAX	Franklin Floating Rate	Pair Corr
0.84	VEIPX	Vanguard Equity Income	Pair Corr
0.92	QLEIX	Aqr Long Short	Pair Corr
0.86	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.9	SDYAX	Simt Dynamic Asset	Pair Corr
0.8	HCMQX	Hcm Dividend Sector	Pair Corr

Moving against Salient Mutual Fund

0.71	SBTAX	Salient Tactical Plus	Pair Corr
0.7	SBTIX	Salient Tactical Plus	Pair Corr
0.66	BTPIX	Salient Tactical Plus	Pair Corr

Related Correlations Analysis

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Salient Mlp Correlations

Salient Mlp Correlation With Market

Very good diversification

Moving together with Salient Mutual Fund

Moving against Salient Mutual Fund

Related Correlations Analysis

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