Measurement and prediction for the businesses that matter.

This is Salience — a new kind of risk model that estimates risk from operational activities, making it well-suited for private companies. Like factor risk models, Salience estimates risk at a company and portfolio level. Unlike factor risk models, Salience doesn't need a return history. It measures how risk originates in, and propagates through revenues, earnings, valuation, and operating cash flow with a small set of readily available data.