Salient Mlp Energy Fund Market Value
| SMAPX Fund | USD 8.77 0.05 0.57% |
| Symbol | Salient |
Salient Mlp '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 Mlp'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 Mlp.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Salient Mlp on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Salient Mlp Energy or generate 0.0% return on investment in Salient Mlp over 30 days. Salient Mlp is related to or competes with Goldman Sachs, Goldman Sachs, and Goldman Sachs. The fund normally seeks to achieve its investment objective by investing at least 80 percent of its net assets in securi... More
Salient Mlp 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 Mlp'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 Mlp Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7099 | |||
| Information Ratio | 0.151 | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.17 |
Salient Mlp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salient Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salient Mlp's standard deviation. In reality, there are many statistical measures that can use Salient Mlp historical prices to predict the future Salient Mlp's volatility.| Risk Adjusted Performance | 0.1734 | |||
| Jensen Alpha | 0.1373 | |||
| Total Risk Alpha | 0.0962 | |||
| Sortino Ratio | 0.1635 | |||
| Treynor Ratio | 0.268 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Salient Mlp'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 Mlp Energy Backtested Returns
We consider Salient Mlp very steady. Salient Mlp Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Salient Mlp Energy, which you can use to evaluate the volatility of the fund. Please validate Salient Mlp's Coefficient Of Variation of 363.65, risk adjusted performance of 0.1734, and Semi Deviation of 0.3053 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Salient Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Salient Mlp is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
Salient Mlp Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Salient Mlp time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Mlp Energy price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Salient Mlp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Salient Mlp Energy lagged returns against current returns
Autocorrelation, which is Salient Mlp 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 Mlp's mutual fund expected returns. We can calculate the autocorrelation of Salient Mlp returns to help us make a trade decision. For example, suppose you find that Salient Mlp 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 Mlp 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 Mlp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salient Mlp 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 Mlp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Salient Mlp Lagged Returns
When evaluating Salient Mlp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salient Mlp mutual fund have on its future price. Salient Mlp 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 Mlp autocorrelation shows the relationship between Salient Mlp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Salient Mlp Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Salient Mlp Correlation, Salient Mlp Volatility and Salient Mlp Alpha and Beta module to complement your research on Salient Mlp. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Salient Mlp 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.