Salient Mlp Correlations
| SMAPX Fund | USD 10.32 0.06 0.58% |
The current 90-days correlation between Salient Mlp Energy and Tortoise Mlp Pipeline is 0.98 (i.e., Almost no diversification). The correlation of Salient Mlp 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 Mlp Correlation With Market
Average diversification
The correlation between Salient Mlp Energy and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salient Mlp Energy and DJI in the same portfolio, assuming nothing else is changed.
Salient |
Moving together with Salient Mutual Fund
| 1.0 | SMFPX | Salient Mlp Energy | PairCorr |
| 1.0 | SMLPX | Salient Mlp Energy | PairCorr |
| 1.0 | SMRPX | Salient Mlp Energy | PairCorr |
| 0.9 | TORCX | Tortoise Mlp Pipeline | PairCorr |
| 0.84 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.84 | OSPSX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.75 | MLPZX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.75 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.76 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.75 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.87 | GLPIX | Goldman Sachs Mlp | PairCorr |
| 0.86 | GLPRX | Goldman Sachs Mlp | PairCorr |
Moving against Salient Mutual Fund
| 0.36 | SBTAX | Salient Tactical Plus | PairCorr |
| 0.35 | SBTIX | Salient Tactical Plus | PairCorr |
| 0.34 | BTPIX | Salient Tactical Plus | PairCorr |
Related Correlations Analysis
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