Salient Select Correlations

Mutual Funds . USA . 
Fund . Salient Select Income
KIFYX Fund  USD 19.55  0.07  0.36%   
The current 90-days correlation between Salient Select Income and Cohen Steers Prfrd is 0.66 (i.e., Poor 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

Weak diversification

The correlation between Salient Select Income and DJI is 0.36 (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.
  
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 manufacturing.

Moving together with Salient Mutual Fund

  0.74FTGMX Salient Tactical GrowthPairCorr
  1.0KIFAX Salient Select IncomePairCorr
  1.0KIFCX Salient Select IncomePairCorr
  0.96CPXIX Cohen Steers PrfrdPairCorr
  0.95CPXAX Cohen Steers PreferdPairCorr
  0.95CPXCX Cohen Steers PrefrdPairCorr
  0.96CPRRX Cohen Steers PreferredPairCorr
  0.96CPXZX Cohen Steers PreferredPairCorr
  0.96CPXFX Cohen Steers PreferredPairCorr
  0.95PRFCX Preferred SecuritiesPairCorr
  0.95PPSIX Preferred SecuritiesPairCorr
  0.95PPSAX Preferred SecuritiesPairCorr
  0.93PQARX Preferred SecuritiesPairCorr
  0.85PFN Pimco Income StrategyPairCorr
  0.83XNKGX Nuveen Georgia QualityPairCorr
  0.69PCF Putnam High IncomePairCorr
  0.73CARYX Columbia Adaptive RiskPairCorr
  0.8AMTOX Ab All MarketPairCorr
  0.61PRWAX T Rowe PricePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CPXIX  0.12  0.01 (0.58) 0.34  0.00 
(0.18)
 0.25 
(0.24)
 0.64 
CPXAX  0.12  0.02 (0.54) 0.59  0.00 
(0.16)
 0.24 
(0.24)
 0.73 
CPXCX  0.12  0.01 (0.65) 0.42  0.00 
(0.16)
 0.25 
(0.24)
 0.65 
CPRRX  0.12  0.01 (0.53) 0.35  0.00 
(0.17)
 0.24 
(0.24)
 0.81 
CPXZX  0.12  0.01 (0.61) 0.38  0.00 
(0.16)
 0.25 
(0.24)
 0.72 
CPXFX  0.11  0.01 (0.63) 0.41  0.00 
(0.16)
 0.24 
(0.16)
 0.72 
PRFCX  0.09  0.00 (0.68) 0.33  0.00 
(0.15)
 0.21 
(0.21)
 0.64 
PPSIX  0.09  0.01 (0.60) 0.62  0.00 
(0.14)
 0.22 
(0.22)
 0.65 
PPSAX  0.10  0.01 (0.55) 0.37  0.00 
(0.16)
 0.22 
(0.21)
 0.75 
PQARX  0.09  0.01 (0.57)(3.58) 0.00 
(0.16)
 0.22 
(0.11)
 0.87 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY