Salient Investment Correlations

AIFIX Fund

USD 13.08 0.15 1.13%

The current 90-days correlation between Salient Investment Grade and Bbh Intermediate Municipal is -0.05 (i.e., Good diversification). The correlation of Salient Investment 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 Investment Correlation With Market

Significant diversification

The correlation between Salient Investment Grade and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Investment Grade and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Salient Investment Grade. 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 gross domestic product.

Moving together with Salient Mutual Fund

0.86	WEBB	Web Global Holdings	Pair Corr
0.65	WELX	Winland Holdings	Pair Corr
0.83	WGNR	Wegener	Pair Corr
0.83	CETXP	Cemtrex Pref	Pair Corr
0.72	GVP	GSE Systems	Pair Corr

Moving against Salient Mutual Fund

0.85	DLPX	Delphax Technologies	Pair Corr
0.71	VVPR	VivoPower International Tech Boost	Pair Corr
0.67	DZSI	DZS Inc	Pair Corr
0.66	VHAI	VHAI	Pair Corr
0.63	XELAP	Exela Technologies	Pair Corr
0.47	ELCO	Elcom International	Pair Corr
0.36	VEEA	Veea Inc Symbol Change	Pair Corr
0.33	DMAN	Innovativ Media Group	Pair Corr
0.91	EVOL	Evolving Systems	Pair Corr
0.91	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.87	VLD	Velo3D Inc	Pair Corr
0.68	SBIGW	SpringBig Holdings	Pair Corr
0.59	XELA	Exela Technologies Tech Boost	Pair Corr
0.91	ZPTAW	Zapata Computing Holdings	Pair Corr
0.9	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr

Related Correlations Analysis

	BBINX	ABNTX	FULIX	FZNQEX	MFIRX	CCD	SWSFX
BBINX		0.76	-0.07	0.67	0.66	0.24	-0.28	BBINX
ABNTX	0.76		-0.25	0.94	0.68	0.41	-0.35	ABNTX
FULIX	-0.07	-0.25		-0.36	0.34	0.38	0.83	FULIX
FZNQEX	0.67	0.94	-0.36		0.56	0.26	-0.46	FZNQEX
MFIRX	0.66	0.68	0.34	0.56		0.46	0.26	MFIRX
CCD	0.24	0.41	0.38	0.26	0.46		0.32	CCD
SWSFX	-0.28	-0.35	0.83	-0.46	0.26	0.32		SWSFX
	BBINX	ABNTX	FULIX	FZNQEX	MFIRX	CCD	SWSFX

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

FZNQEX	+ 0.94	ABNTX
SWSFX	+ 0.83	FULIX
ABNTX	+ 0.76	BBINX
MFIRX	+ 0.68	ABNTX
FZNQEX	+ 0.67	BBINX
MFIRX	+ 0.66	BBINX

High negative correlations

SWSFX	- 0.46	FZNQEX
FZNQEX	- 0.36	FULIX
SWSFX	- 0.35	ABNTX
SWSFX	- 0.28	BBINX
FULIX	- 0.25	ABNTX
FULIX	- 0.07	BBINX

Risk-Adjusted Indicators

There is a big difference between Salient Mutual Fund performing well and Salient Investment 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 Investment'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
BBINX	0.12	0.01	(0.42)	(0.05)	0.13	(0.19)	0.29	(0.29)	1.07
ABNTX	0.14	(0.01)	(0.52)	(0.47)	0.18	(0.17)	0.29	(0.30)	0.88
FULIX	0.05	0.01	(0.82)	7.40	0.00	(0.22)	0.11	(0.11)	0.65
FZNQEX	0.11	(0.01)	(1.14)	0.36	0.11	(0.14)	0.29	(0.17)	0.93
MFIRX	0.09	0.01	(0.51)	0.28	0.00	(0.23)	0.19	(0.19)	0.76
CCD	0.75	(0.01)	(0.08)	0.11	0.90	(0.81)	1.88	(1.68)	4.88
SWSFX	0.04	0.00	(1.18)	(0.50)	0.00	(0.17)	0.10	(0.10)	0.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC