Salient Tactical Correlations

Summary

SBTCXDelisted Fund

USD 10.13 0.00 0.00%

The current 90-days correlation between Salient Tactical Plus and Doubleline Emerging Markets is -0.05 (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 Plus and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Tactical Plus and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map 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 main economic indicators.

Moving together with Salient Mutual Fund

0.63

MSFT

Microsoft Aggressive Push

Pair Corr

Moving against Salient Mutual Fund

0.8	PFN	Pimco Income Strategy	Pair Corr
0.74	HTD	John Hancock Tax	Pair Corr
0.69	PCF	Putnam High Income	Pair Corr
0.68	XPPRX	Voya Prime Rate	Pair Corr
0.59	NXJ	Nuveen New Jersey	Pair Corr
0.41	PGLSX	Global Multi Strategy	Pair Corr
0.76	UTF	Cohen And Steers	Pair Corr
0.73	T	ATT Inc Sell-off Trend	Pair Corr
0.73	IBM	International Business	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.68	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.51	TRV	The Travelers Companies	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.47	CVX	Chevron Corp	Pair Corr
0.44	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	DBELX	PWEAX	TEOJX	SEDAX	XJMMX	CBHAX	REMVX
DBELX		0.91	0.94	0.92	0.79	0.81	0.96	DBELX
PWEAX	0.91		0.92	0.85	0.64	0.73	0.92	PWEAX
TEOJX	0.94	0.92		0.85	0.69	0.8	0.99	TEOJX
SEDAX	0.92	0.85	0.85		0.84	0.77	0.86	SEDAX
XJMMX	0.79	0.64	0.69	0.84		0.56	0.72	XJMMX
CBHAX	0.81	0.73	0.8	0.77	0.56		0.78	CBHAX
REMVX	0.96	0.92	0.99	0.86	0.72	0.78		REMVX
	DBELX	PWEAX	TEOJX	SEDAX	XJMMX	CBHAX	REMVX

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Check Volatility

Backtest Portfolio

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
DBELX	0.33	0.02	0.16	2.30	0.28	(0.44)	0.71	(0.58)	1.78
PWEAX	0.72	0.06	0.09	0.14	0.84	(0.82)	1.55	(1.59)	5.83
TEOJX	0.78	0.08	0.11	1.85	0.92	(0.85)	1.54	(1.53)	5.83
SEDAX	0.25	0.02	0.18	0.38	0.19	(0.33)	0.59	(0.36)	1.30
XJMMX	0.19	(0.01)	0.09	0.09	0.22	(0.26)	0.46	(0.46)	0.92
CBHAX	0.19	0.04	0.26	(0.94)	0.00	(0.25)	0.36	(0.36)	1.20
REMVX	0.80	0.06	0.09	(1.19)	0.94	(0.87)	1.67	(1.56)	5.76

Salient Tactical 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 Tactical mutual fund to make a market-neutral strategy. Peer analysis of Salient Tactical could also be used in its relative valuation, which is a method of valuing Salient Tactical by comparing valuation metrics with similar companies.

Doubleline Emerging Markets Pace International Emerging Transamerica Emerging Markets Siit Emerging Markets Nuveen Multi Marketome Victory Cemp Market Rbc Emerging Markets American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Salient Tactical Plus?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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