Salient Tactical Correlations

FTGMX Fund

USD 20.58 0.03 0.15%

The current 90-days correlation between Salient Tactical Growth and Western Asset E is 0.2 (i.e., Modest 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

Poor diversification

The correlation between Salient Tactical Growth and DJI is 0.79 (i.e., Poor 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 population.

Moving together with Salient Mutual Fund

0.9	FTAGX	Salient Tactical Growth	Pair Corr
0.98	FTGOX	Salient Tactical Growth	Pair Corr
0.96	FTGWX	Salient Tactical Growth	Pair Corr
0.87	CII	Blackrock Enhanced	Pair Corr
0.84	ETV	Eaton Vance Tax	Pair Corr
0.7	CLM	Cornerstone Strategic	Pair Corr
0.61	CRF	Cornerstone Strategic	Pair Corr
0.86	USA	Liberty All Star	Pair Corr
0.96	ETY	Eaton Vance Tax	Pair Corr
0.81	NFJ	Virtus Dividend Interest	Pair Corr
0.76	IRVIX	Voya Russelltm Large	Pair Corr

Related Correlations Analysis

	WACIX	DLTNX	UIITX	DBLFX	FMUUX	FLQTVX
WACIX		0.98	0.99	0.95	0.92	0.98	WACIX
DLTNX	0.98		0.99	0.97	0.9	0.98	DLTNX
UIITX	0.99	0.99		0.96	0.91	0.98	UIITX
DBLFX	0.95	0.97	0.96		0.89	0.94	DBLFX
FMUUX	0.92	0.9	0.91	0.89		0.89	FMUUX
FLQTVX	0.98	0.98	0.98	0.94	0.89		FLQTVX
	WACIX	DLTNX	UIITX	DBLFX	FMUUX	FLQTVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WACIX	0.26	0.01	0.03	0.26	0.24	(0.30)	0.55	(0.44)	1.56
DLTNX	0.23	0.02	0.06	0.85	0.16	(0.31)	0.57	(0.34)	1.40
UIITX	0.23	0.01	0.03	0.54	0.21	(0.28)	0.55	(0.43)	1.45
DBLFX	0.22	0.01	0.04	(0.21)	0.19	(0.27)	0.54	(0.33)	1.33
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.00	0.10	0.00	0.40
FLQTVX	0.12	0.00	0.01	0.75	0.07	(0.13)	0.24	(0.22)	0.77

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Salient Tactical Correlations

Salient Tactical Correlation With Market

Poor diversification

Moving together with Salient Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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