Salient Alternative Beta Fund Market Value
| SABCX Fund | USD 10.89 0.02 0.18% |
| 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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Salient Alternative on March 20, 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. Salient Alternative is related to or competes with Moderately Aggressive, Salient Mlp, Moderately Aggressive, Small Capitalization, Small Capitalization, Small Capitalization, and Moderately Servative. 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 | 0.6447 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.8219 |
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 | 0.0521 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0465 |
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
We consider Salient Alternative very steady. Salient Alternative Beta owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0487, which indicates the fund had a 0.0487% 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 0.5431, risk adjusted performance of 0.0521, and Coefficient Of Variation of 1172.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.0281%. The entity has a beta of 0.85, which indicates possible diversification benefits within a given portfolio. Salient Alternative returns are very sensitive to returns on the market. As the market goes up or down, Salient Alternative is expected to follow.
Auto-correlation | 0.50 |
Modest predictability
Salient Alternative Beta has modest predictability. Overlapping area represents the amount of predictability between Salient Alternative time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 0.5 indicates that about 50.0% of current Salient Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Salient Alternative in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Salient Alternative's short interest history, or implied volatility extrapolated from Salient Alternative options trading.
Currently Active Assets on Macroaxis
Check out Salient Alternative Correlation, Salient Alternative Volatility and Salient Alternative Alpha and Beta module to complement your research on Salient Alternative. Note that the Salient Alternative Beta information on this page should be used as a complementary analysis to other Salient Alternative's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Salient Alternative technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.