Salient Alternative Beta Fund Market Value
| SABCX Fund | USD 12.26 0.09 0.74% |
| Symbol | Salient |
Salient Alternative '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 Alternative'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 Alternative.
| 10/12/2024 |
| 11/11/2024 |
If you would invest 0.00 in Salient Alternative on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Salient Alternative Beta or generate 0.0% return on investment in Salient Alternative over 30 days. The Portfolios main investment strategy is to invest in other Saratoga Advantage Trust mutual funds andor unaffiliated r... More
Salient Alternative 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 Alternative'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 Alternative Beta upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5968 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 1.25 |
Salient Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salient Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salient Alternative's standard deviation. In reality, there are many statistical measures that can use Salient Alternative historical prices to predict the future Salient Alternative's volatility.| Risk Adjusted Performance | 0.1693 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | 0.001 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1865 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Salient Alternative'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 Alternative Beta Backtested Returns
At this stage we consider Salient Mutual Fund to be very steady. Salient Alternative Beta owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Salient Alternative Beta, which you can use to evaluate the volatility of the fund. Please validate Salient Alternative's Semi Deviation of 0.3353, coefficient of variation of 443.12, and Risk Adjusted Performance of 0.1693 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Salient Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Salient Alternative is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Salient Alternative Beta has excellent reverse predictability. Overlapping area represents the amount of predictability between Salient Alternative time series from 12th of October 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Alternative Beta price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Salient Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Salient Alternative Beta lagged returns against current returns
Autocorrelation, which is Salient Alternative 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 Alternative's mutual fund expected returns. We can calculate the autocorrelation of Salient Alternative returns to help us make a trade decision. For example, suppose you find that Salient Alternative 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 Alternative 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 Alternative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salient Alternative 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 Alternative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Salient Alternative Lagged Returns
When evaluating Salient Alternative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salient Alternative mutual fund have on its future price. Salient Alternative 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 Alternative autocorrelation shows the relationship between Salient Alternative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Salient Alternative Beta.
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 Alternative 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 Alternative security.
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