Salient Alternative Correlations

Mutual Funds . USA . 
Fund . Salient Alternative Beta
SABAX Fund  USD 12.47  0.05  0.40%   
The current 90-days correlation between Salient Alternative Beta and American Funds The is 0.86 (i.e., Very poor diversification). The correlation of Salient Alternative 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 Alternative Correlation With Market

Very poor diversification

The correlation between Salient Alternative Beta and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Alternative Beta and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Salient Alternative Beta. 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

  1.0SABIX Aggressive BalancedPairCorr
  1.0SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  1.0SAMCX Salient Mlp FundPairCorr
  1.0SAMIX Moderately AggressivePairCorr
  0.96SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.96SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ServativePairCorr
  1.0SBMCX Moderate BalancedPairCorr
  1.0SBMIX Moderate BalancedPairCorr
  0.97STPAX Technology CommunicationsPairCorr
  0.97STPCX Technology CommunicationsPairCorr
  0.97STPIX Technology CommunicationsPairCorr
  0.97SCAAX Conservative BalancedPairCorr
  0.97SUMCX Conservative BalancedPairCorr
  0.91SFPCX Financial ServicesPairCorr
  0.91SFPAX Financial ServicesPairCorr
  0.91SFPIX Financial ServicesPairCorr
  0.98SLCGX Large CapitalizationPairCorr
  0.93SLCVX Large Cap ValuePairCorr
  0.98SLGCX Large CapitalizationPairCorr
  0.98SLGYX Large CapitalizationPairCorr
  0.93SLVCX Large Cap ValuePairCorr
  0.93SLVYX Large Cap ValuePairCorr
  1.0SMACX Moderately ConservativePairCorr

Moving against Salient Mutual Fund

  0.71SIBPX Investment Quality BondPairCorr
  0.47SHPCX Health BiotchnologyPairCorr
  0.45SBHIX Health BiotchnologyPairCorr
  0.45SHPAX Health BiotchnologyPairCorr
  0.74SQBCX Investment Quality BondPairCorr
  0.73SQBAX Investment Quality BondPairCorr
  0.52SMBCX Municipal Bond PortfolioPairCorr
  0.47SMBAX Municipal Bond PortfolioPairCorr
  0.43SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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