Salient Select Income Fund Market Value
| KIFYX Fund | USD 19.55 0.07 0.36% |
| Symbol | Salient |
Salient Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Salient Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Salient Select.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Salient Select on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Salient Select Income or generate 0.0% return on investment in Salient Select over 60 days. Salient Select is related to or competes with Cohen Steers, Cohen Steers, Cohen Steers, Cohen Steers, Cohen Steers, Cohen Steers, and Preferred Securities. Under normal conditions, the fund invests at least 80 percent of its net assets plus borrowings for investment purposes,... More
Salient Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Salient Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Salient Select Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4407 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.84 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.6247 |
Salient Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salient Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salient Select's standard deviation. In reality, there are many statistical measures that can use Salient Select historical prices to predict the future Salient Select's volatility.| Risk Adjusted Performance | 0.1253 | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.3191 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Salient Select's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Salient Select Income Backtested Returns
At this stage we consider Salient Mutual Fund to be very steady. Salient Select Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Salient Select Income, which you can use to evaluate the volatility of the fund. Please validate Salient Select's Coefficient Of Variation of 566.23, risk adjusted performance of 0.1253, and Semi Deviation of 0.2867 to confirm if the risk estimate we provide is consistent with the expected return of 0.0612%. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Salient Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Salient Select is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Salient Select Income has excellent reverse predictability. Overlapping area represents the amount of predictability between Salient Select time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Salient Select Income price movement. The serial correlation of -0.82 indicates that around 82.0% of current Salient Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Salient Select Income lagged returns against current returns
Autocorrelation, which is Salient Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Salient Select's mutual fund expected returns. We can calculate the autocorrelation of Salient Select returns to help us make a trade decision. For example, suppose you find that Salient Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Salient Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Salient Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salient Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salient Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Salient Select Lagged Returns
When evaluating Salient Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salient Select mutual fund have on its future price. Salient Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Salient Select autocorrelation shows the relationship between Salient Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Salient Select Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Salient Mutual Fund
Salient Select financial ratios help investors to determine whether Salient Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Salient with respect to the benefits of owning Salient Select security.
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