Salient Tactical Correlations

Mutual Funds USA . 
Fund . Salient Tactical Growth
FTGMX Fund  USD 21.10  0.05  0.24%   
The current 90-days correlation between Salient Tactical Growth and Ancorathelen Small Mid Cap is 0.71 (i.e., Poor 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

Poor diversification

The correlation between Salient Tactical Growth and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Tactical Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Salient Tactical Growth. 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 population.

Moving together with Salient Mutual Fund

  0.71SBTAX Salient Tactical PlusPairCorr
  0.72SBTIX Salient Tactical PlusPairCorr
  0.73BTPIX Salient Tactical PlusPairCorr
  0.92FTAGX Salient Tactical GrowthPairCorr
  0.92FTGOX Salient Tactical GrowthPairCorr
  0.92FTGWX Salient Tactical GrowthPairCorr
  0.73KIFAX Salient Select IncomePairCorr
  0.72KIFCX Salient Select IncomePairCorr
  0.74KIFYX Salient Select IncomePairCorr
  0.77SMAPX Salient Mlp EnergyPairCorr
  0.77SMFPX Salient Mlp EnergyPairCorr
  0.77SMLPX Salient Mlp EnergyPairCorr
  0.77SMRPX Salient Mlp EnergyPairCorr
  0.89FFIFX American FundsPairCorr
  0.89FAIFX American FundsPairCorr
  0.94IFACX Income FundPairCorr
  0.89IFAFX Income FundPairCorr
  0.95AMECX Income FundPairCorr
  0.94RIDBX Income FundPairCorr
  0.94CIMEX Income FundPairCorr
  0.95RIDFX Income FundPairCorr
  0.94CIMCX Income FundPairCorr
  0.95CIMFX Income FundPairCorr
  0.7WHIYX Ivy High IncomePairCorr
  0.75IVHIX Ivy High IncomePairCorr
  0.73IHIFX Ivy High IncomePairCorr
  0.71WRHIX Ivy High IncomePairCorr
  0.7WHIAX Ivy High IncomePairCorr
  0.9FXAIX Fidelity 500 IndexPairCorr
  0.89RTSAX Tax Managed MidPairCorr
  0.91PWTAX Ubs AllocationPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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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.

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