Salient International Correlations

Summary

KIRAXDelisted Fund

USD 12.25 0.00 0.00%

The current 90-days correlation between Salient International and Old Westbury Short Term is -0.07 (i.e., Good diversification). The correlation of Salient International 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 International Correlation With Market

Good diversification

The correlation between Salient International Real and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient International Real and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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

0.7

MRK

Merck Company

Pair Corr

Moving against Salient Mutual Fund

0.85	DFITX	Dfa International Real	Pair Corr
0.83	VGRNX	Vanguard Global Ex	Pair Corr
0.83	VGRLX	Vanguard Global Ex	Pair Corr
0.82	DFGEX	Dfa Global Real	Pair Corr
0.82	HTD	John Hancock Tax	Pair Corr
0.8	PGRUX	Global Real Estate	Pair Corr
0.79	PGRKX	Global Real Estate	Pair Corr
0.78	CSJZX	Cohen Steers Realty	Pair Corr
0.76	CSRSX	Cohen Steers Realty	Pair Corr
0.72	UTF	Cohen And Steers	Pair Corr
0.71	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.62	ERH	Allspring Utilities And	Pair Corr
0.6	PGLSX	Global Multi Strategy	Pair Corr
0.49	MGLIX	Mfs Global Real	Pair Corr
0.48	MGLAX	Mfs Global Real	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.84	T	ATT Inc Aggressive Push	Pair Corr
0.81	IBM	International Business	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.56	DD	Dupont De Nemours	Pair Corr
0.52	INTC	Intel	Pair Corr

Related Correlations Analysis

	OWSBX	BXDCX	SUSAX	PSTQX
OWSBX		0.98	0.95	0.97	OWSBX
BXDCX	0.98		0.98	0.97	BXDCX
SUSAX	0.95	0.98		0.98	SUSAX
PSTQX	0.97	0.97	0.98		PSTQX
	OWSBX	BXDCX	SUSAX	PSTQX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Salient Mutual Fund performing well and Salient International 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 International'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OWSBX	0.07	0.01	0.12	(0.45)	(0.13)	0.20	(0.10)	0.40
BXDCX	0.08	0.01	0.11	(0.32)	(0.15)	0.22	(0.11)	0.54
SUSAX	0.06	0.01	0.12	2.77	(0.18)	0.10	(0.10)	0.51
PSTQX	0.11	0.02	0.13	0.86	(0.15)	0.29	(0.19)	0.67

Salient International Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Salient International mutual fund to make a market-neutral strategy. Peer analysis of Salient International could also be used in its relative valuation, which is a method of valuing Salient International by comparing valuation metrics with similar companies.

Old Westbury Short Term Barings Active Short Siit Ultra Short Prudential Short Term Porate American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines Intel

Risk & Return

Correlation

Still Interested in Salient International Real?

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