Salient Tactical Plus Fund Market Value
| SBTAX Fund | USD 11.43 0.04 0.35% |
| Symbol | Salient |
Salient Tactical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Salient Tactical's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Salient Tactical.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Salient Tactical on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Salient Tactical Plus or generate 0.0% return on investment in Salient Tactical over 180 days. Salient Tactical is related to or competes with Jpmorgan Equity, Jpmorgan Hedged, Calamos Market, and Jpmorgan Emerging. The fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of instruments that... More
Salient Tactical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Salient Tactical's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Salient Tactical Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6368 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.7061 |
Salient Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salient Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salient Tactical's standard deviation. In reality, there are many statistical measures that can use Salient Tactical historical prices to predict the future Salient Tactical's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 0.0067 |
Salient Tactical Plus Backtested Returns
At this stage we consider Salient Mutual Fund to be very steady. Salient Tactical Plus owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0566, which indicates the fund had a 0.0566% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Salient Tactical Plus, which you can use to evaluate the volatility of the fund. Please validate Salient Tactical's Semi Deviation of 0.5573, risk adjusted performance of 0.0149, and Coefficient Of Variation of 3898.96 to confirm if the risk estimate we provide is consistent with the expected return of 0.0274%. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Salient Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Salient Tactical is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
Salient Tactical Plus has insignificant predictability. Overlapping area represents the amount of predictability between Salient Tactical time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Salient Tactical Plus price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Salient Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Salient Tactical Plus lagged returns against current returns
Autocorrelation, which is Salient Tactical mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Salient Tactical's mutual fund expected returns. We can calculate the autocorrelation of Salient Tactical returns to help us make a trade decision. For example, suppose you find that Salient Tactical has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Salient Tactical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Salient Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salient Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salient Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Salient Tactical Lagged Returns
When evaluating Salient Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salient Tactical mutual fund have on its future price. Salient Tactical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Salient Tactical autocorrelation shows the relationship between Salient Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Salient Tactical Plus.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Salient Mutual Fund
Salient Tactical financial ratios help investors to determine whether Salient Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Salient with respect to the benefits of owning Salient Tactical security.
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