Salient Select Correlations
| KIFAX Fund | USD 19.63 0.07 0.36% |
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
Weak diversification
The correlation between Salient Select Income and DJI is 0.37 (i.e., Weak 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.
SALIENT |
Moving together with SALIENT Mutual Fund
| 0.73 | FTGMX | Salient Tactical Growth | PairCorr |
| 1.0 | KIFCX | Salient Select Income | PairCorr |
| 1.0 | KIFYX | Salient Select Income | PairCorr |
| 0.96 | CPXIX | Cohen Steers Prfrd | PairCorr |
| 0.95 | CPXAX | Cohen Steers Preferd | PairCorr |
| 0.95 | CPXCX | Cohen Steers Prefrd | PairCorr |
| 0.96 | CPRRX | Cohen Steers Preferred | PairCorr |
| 0.96 | CPXZX | Cohen Steers Preferred | PairCorr |
| 0.96 | CPXFX | Cohen Steers Preferred | PairCorr |
| 0.95 | PRFCX | Preferred Securities | PairCorr |
| 0.95 | PPSIX | Preferred Securities | PairCorr |
| 0.95 | PPSAX | Preferred Securities | PairCorr |
| 0.93 | PQARX | Preferred Securities | PairCorr |
| 0.85 | PFN | Pimco Income Strategy | PairCorr |
| 0.82 | XNKGX | Nuveen Georgia Quality | PairCorr |
| 0.68 | PCF | Putnam High Income | PairCorr |
| 0.73 | CARYX | Columbia Adaptive Risk | PairCorr |
| 0.8 | AMTOX | Ab All Market | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRONX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIACX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FDYRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KIFAX | 0.31 | 0.03 | (0.15) | 0.31 | 0.28 | 0.64 | 1.84 | |||
| KIFCX | 0.30 | 0.03 | (0.15) | 0.30 | 0.30 | 0.65 | 1.80 | |||
| FFXIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFXCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NWWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMGASX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |