Salient Select Correlations

KIFAX Fund

USD 17.58 0.09 0.51%

The current 90-days correlation between Salient Select Income and Virtus Seix Government is 0.01 (i.e., Significant diversification). The correlation of Salient Select 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 Select Correlation With Market

Modest diversification

The correlation between Salient Select Income and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Select Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Salient Select Income. 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

0.91

KIFYX

Salient Select Income

Pair Corr

Moving against Salient Mutual Fund

0.52	NPSAX	Nuveen Preferred Sec	Pair Corr
0.48	NPSCX	Nuveen Preferred Sec	Pair Corr
0.37	CPXIX	Cohen Steers Prfrd	Pair Corr
0.37	CPXAX	Cohen Steers Preferd	Pair Corr
0.36	CPXZX	Cohen Steers Preferred	Pair Corr
0.34	SMRPX	Salient Mlp Energy Potential Growth	Pair Corr
0.32	CPXCX	Cohen Steers Prefrd	Pair Corr
0.32	CPRRX	Cohen Steers Preferred	Pair Corr
0.45	SMVTX	Ridgeworth Ceredex Mid	Pair Corr
0.41	RRTCX	T Rowe Price	Pair Corr
0.36	VTSNX	Vanguard Total Inter	Pair Corr
0.36	VTPSX	Vanguard Total Inter	Pair Corr
0.34	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.33	VTISX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	SSAGX	FCSCX	FICMX	SGVDX	WMBDX	BIGBX	CGTFX	RFBAX
SSAGX		0.97	0.43	0.29	0.28	0.82	0.37	0.83	SSAGX
FCSCX	0.97		0.4	0.22	0.22	0.75	0.32	0.78	FCSCX
FICMX	0.43	0.4		0.73	0.92	0.67	0.93	0.38	FICMX
SGVDX	0.29	0.22	0.73		0.71	0.64	0.71	0.37	SGVDX
WMBDX	0.28	0.22	0.92	0.71		0.55	0.95	0.26	WMBDX
BIGBX	0.82	0.75	0.67	0.64	0.55		0.6	0.78	BIGBX
CGTFX	0.37	0.32	0.93	0.71	0.95	0.6		0.31	CGTFX
RFBAX	0.83	0.78	0.38	0.37	0.26	0.78	0.31		RFBAX
	SSAGX	FCSCX	FICMX	SGVDX	WMBDX	BIGBX	CGTFX	RFBAX

Risk-Adjusted Indicators

There is a big difference between Salient Mutual Fund performing well and Salient Select 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 Select'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
SSAGX	0.04	0.00	0.00	(0.66)	0.00	0.00	0.10	(0.10)	0.51
FCSCX	0.04	0.00	0.00	(0.13)	0.00	0.00	0.13	(0.13)	0.53
FICMX	0.17	0.01	(0.30)	0.21	0.13	(0.22)	0.33	(0.33)	1.10
SGVDX	0.14	0.00	(0.37)	0.05	0.14	(0.16)	0.30	(0.30)	0.91
WMBDX	0.17	0.00	(0.30)	0.40	0.16	(0.21)	0.38	(0.37)	1.13
BIGBX	0.10	0.01	(0.51)	(0.17)	0.00	(0.14)	0.20	(0.20)	0.60
CGTFX	0.13	0.00	(0.43)	0.00	0.12	(0.16)	0.25	(0.25)	0.91
RFBAX	0.06	0.00	(0.43)	0.40	0.00	(0.19)	0.19	(0.19)	0.39

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