Salient Tactical Correlations

Mutual Funds . USA . 
Fund . Salient Tactical Growth
FTAGX Fund  USD 24.70  0.11  0.45%   
The current 90-days correlation between Salient Tactical Growth and Diversified Bond Fund is -0.18 (i.e., Good 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 Growth and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Tactical Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Salient Tactical Growth. 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 price.

Moving together with Salient Mutual Fund

  0.9FTGMX Salient Tactical GrowthPairCorr
  0.9FTGOX Salient Tactical GrowthPairCorr
  0.92FTGWX Salient Tactical GrowthPairCorr
  0.71JHQCX Jpmorgan Hedged EquityPairCorr
  0.72JHEQX Jpmorgan Hedged EquityPairCorr
  0.72JHQAX Jpmorgan Hedged EquityPairCorr
  0.81GTENX Gateway Fund ClassPairCorr
  0.79GTECX Gateway Fund ClassPairCorr
  0.81GTEYX Gateway Fund ClassPairCorr
  0.81GATEX Gateway Fund ClassPairCorr
  0.88JHDCX Jpmorgan Hedged EquityPairCorr
  0.9JHDRX Jpmorgan Hedged EquityPairCorr
  0.89JHDAX Jpmorgan Hedged EquityPairCorr
  0.71DXQLX Direxion Monthly Nasdaq Steady GrowthPairCorr
  0.69RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.69RYVYX Nasdaq 100 2x Steady GrowthPairCorr
  0.69UOPIX Ultra Nasdaq 100 Steady GrowthPairCorr
  0.69RYCCX Nasdaq 100 2x Steady GrowthPairCorr
  0.69UOPSX Ultranasdaq 100 Profund Steady GrowthPairCorr
  0.83INPIX Internet Ultrasector Steady GrowthPairCorr
  0.83INPSX Internet Ultrasector Steady GrowthPairCorr
  0.62JSRSX Jpmorgan SmartretirementPairCorr
  0.65SWSAX Siit World SelectPairCorr

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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