Salient International Correlations
| KIRCXDelisted Fund | USD 12.22 0.00 0.00% |
The current 90-days correlation between Salient International and Columbia Global Technology is -0.01 (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 -0.17 (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.
Salient |
Moving together with Salient Mutual Fund
Moving against Salient Mutual Fund
| 0.86 | DFITX | Dfa International Real | PairCorr |
| 0.84 | VGRNX | Vanguard Global Ex | PairCorr |
| 0.84 | VGRLX | Vanguard Global Ex | PairCorr |
| 0.83 | DFGEX | Dfa Global Real | PairCorr |
| 0.82 | HTD | John Hancock Tax | PairCorr |
| 0.8 | PGRUX | Global Real Estate | PairCorr |
| 0.79 | PGRKX | Global Real Estate | PairCorr |
| 0.79 | CSJZX | Cohen Steers Realty | PairCorr |
| 0.76 | CSRSX | Cohen Steers Realty | PairCorr |
| 0.72 | UTF | Cohen And Steers | PairCorr |
| 0.71 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.62 | ERH | Allspring Utilities And | PairCorr |
| 0.59 | PGLSX | Global Multi Strategy | PairCorr |
| 0.49 | MGLIX | Mfs Global Real | PairCorr |
| 0.48 | MGLAX | Mfs Global Real | PairCorr |
| 0.87 | GE | GE Aerospace | PairCorr |
| 0.84 | T | ATT Inc Aggressive Push | PairCorr |
| 0.82 | IBM | International Business | PairCorr |
| 0.81 | JNJ | Johnson Johnson | PairCorr |
| 0.75 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.74 | VZ | Verizon Communications | PairCorr |
| 0.65 | PG | Procter Gamble | PairCorr |
| 0.56 | DD | Dupont De Nemours | PairCorr |
| 0.52 | INTC | Intel | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CONIX | 0.62 | (0.06) | 0.00 | 15.98 | 0.00 | 1.19 | 3.08 | |||
| SBHIX | 0.62 | 0.03 | 0.05 | 0.06 | 0.69 | 1.20 | 3.37 | |||
| JNGTX | 1.20 | (0.11) | 0.00 | 0.39 | 0.00 | 2.00 | 6.41 | |||
| USTCX | 1.35 | (0.14) | 0.00 | (0.11) | 0.00 | 2.71 | 7.33 | |||
| BGSCX | 1.48 | (0.14) | 0.00 | (0.11) | 0.00 | 2.37 | 9.08 | |||
| JGLTX | 1.19 | (0.09) | 0.00 | (0.09) | 0.00 | 1.98 | 6.39 | |||
| CMTFX | 1.32 | (0.13) | 0.00 | (0.10) | 0.00 | 2.05 | 7.85 | |||
| WSTRX | 1.33 | (0.09) | 0.00 | (0.07) | 0.00 | 2.25 | 7.04 |
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.
| Risk & Return | Correlation |
Still Interested in Salient International Real?
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