Salient Investment Correlations

AIFIX Fund

USD 13.22 0.14 1.07%

The current 90-days correlation between Salient Investment Grade and Veea Inc is -0.07 (i.e., Good diversification). The correlation of Salient Investment 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 Investment Correlation With Market

Very weak diversification

The correlation between Salient Investment Grade and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Investment Grade and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Salient Investment Grade. 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 gross domestic product.

Moving together with Salient Mutual Fund

0.85	WEBB	Web Global Holdings	Pair Corr
0.64	WELX	Winland Holdings	Pair Corr
0.82	WGNR	Wegener	Pair Corr
0.84	CETXP	Cemtrex Pref	Pair Corr
0.75	GVP	GSE Systems	Pair Corr

Moving against Salient Mutual Fund

0.87	DLPX	Delphax Technologies	Pair Corr
0.71	VVPR	VivoPower International Tech Boost	Pair Corr
0.69	VHAI	VHAI	Pair Corr
0.67	DZSI	DZS Inc	Pair Corr
0.64	XELAP	Exela Technologies	Pair Corr
0.43	ELCO	Elcom International	Pair Corr
0.34	VEEA	Veea Inc Symbol Change	Pair Corr
0.31	DMAN	Innovativ Media Group	Pair Corr
0.92	EVOL	Evolving Systems	Pair Corr
0.91	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.86	VLD	Velo3D Inc	Pair Corr
0.69	SBIGW	SpringBig Holdings	Pair Corr
0.58	XELA	Exela Technologies Tech Boost	Pair Corr
0.91	ZPTAW	Zapata Computing Holdings	Pair Corr
0.88	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr

Related Correlations Analysis

	VEEA	VHAI	VVPR	WBTN	AMGAX	AMGCX	AMGOX	AOFYX	AOFIX	AOFAX
VEEA		-0.2	0.25	-0.36	-0.38	-0.38	-0.38	-0.36	-0.36	-0.36	VEEA
VHAI	-0.2		0.76	0.58	-0.63	-0.63	-0.63	-0.54	-0.54	-0.54	VHAI
VVPR	0.25	0.76		0.3	-0.65	-0.65	-0.65	-0.55	-0.55	-0.55	VVPR
WBTN	-0.36	0.58	0.3		-0.01	-0.01	-0.01	0.07	0.07	0.07	WBTN
AMGAX	-0.38	-0.63	-0.65	-0.01		1.0	1.0	0.98	0.98	0.98	AMGAX
AMGCX	-0.38	-0.63	-0.65	-0.01	1.0		1.0	0.98	0.98	0.98	AMGCX
AMGOX	-0.38	-0.63	-0.65	-0.01	1.0	1.0		0.98	0.98	0.98	AMGOX
AOFYX	-0.36	-0.54	-0.55	0.07	0.98	0.98	0.98		1.0	1.0	AOFYX
AOFIX	-0.36	-0.54	-0.55	0.07	0.98	0.98	0.98	1.0		1.0	AOFIX
AOFAX	-0.36	-0.54	-0.55	0.07	0.98	0.98	0.98	1.0	1.0		AOFAX
	VEEA	VHAI	VVPR	WBTN	AMGAX	AMGCX	AMGOX	AOFYX	AOFIX	AOFAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMGCX	+ 1.0	AMGAX
AMGOX	+ 1.0	AMGAX
AMGOX	+ 1.0	AMGCX
AOFIX	+ 1.0	AOFYX
AOFAX	+ 1.0	AOFYX
AOFAX	+ 1.0	AOFIX

High negative correlations

AMGOX	- 0.65	VVPR
AMGCX	- 0.65	VVPR
AMGAX	- 0.65	VVPR
AMGOX	- 0.63	VHAI
AMGCX	- 0.63	VHAI
AMGAX	- 0.63	VHAI

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VEEA	9.21	(0.59)	0.00	0.36	0.00	0.00	11.11	(23.71)	157.04
VHAI	9.97	(1.80)	0.00	0.59	0.00	0.00	20.73	(25.00)	54.90
VVPR	6.20	(0.25)	0.00	(0.64)	0.00	0.00	6.40	(15.56)	112.34
WBTN	3.15	(0.22)	0.00	(0.01)	0.00	0.00	7.65	(7.67)	20.14
AMGAX	0.75	0.13	0.12	0.25	0.77	(0.88)	2.04	(1.33)	4.71
AMGCX	0.76	0.13	0.12	0.25	0.75	(0.91)	2.00	(1.30)	4.76
AMGOX	0.76	0.13	0.14	0.26	0.77	(0.90)	2.11	(1.34)	4.74
AOFYX	1.10	0.07	0.10	0.17	1.13	(1.21)	2.69	(2.19)	7.50
AOFIX	1.10	0.07	0.10	0.17	1.13	(1.18)	2.67	(2.17)	7.49
AOFAX	1.10	0.07	0.10	0.17	1.13	(1.21)	2.66	(2.18)	7.54

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