Sentinel Balanced Correlations

SBACX Fund

USD 28.53 0.18 0.63%

The current 90-days correlation between Sentinel Balanced and Sentinel Mon Stock is 0.98 (i.e., Almost no diversification). The correlation of Sentinel Balanced 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.

Sentinel Balanced Correlation With Market

Poor diversification

The correlation between Sentinel Balanced Fund and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Balanced Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sentinel Balanced Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Sentinel Mutual Fund

0.85	TVOYX	Touchstone Small Cap	Pair Corr
0.88	TEGAX	Mid Cap Growth	Pair Corr
0.82	SSCOX	Sentinel Small Pany	Pair Corr
0.82	TFCCX	Touchstone Large Cap	Pair Corr
0.96	TFFIX	Touchstone Focused	Pair Corr
0.96	SCSCX	Sentinel Mon Stock	Pair Corr
1.0	SEBLX	Sentinel Balanced	Pair Corr
0.96	SENCX	Sentinel Mon Stock	Pair Corr
0.87	CISGX	Touchstone Sands Capital	Pair Corr
0.8	TMAYX	Touchstone Arbitrage	Pair Corr
1.0	SIBLX	Sentinel Balanced	Pair Corr
0.96	SICWX	Sentinel Mon Stock	Pair Corr
0.83	SIGWX	Sentinel Small Pany	Pair Corr
0.95	TQCRX	Touchstone Dividend	Pair Corr
0.7	TSDCX	Touchstone Ultra Short	Pair Corr
0.87	TSNCX	Touchstone Sands Capital	Pair Corr
0.87	PTSGX	Touchstone Sands Capital	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.97	ABALX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.97	RLBBX	American Balanced	Pair Corr
0.97	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr
0.97	RLBFX	American Balanced	Pair Corr
0.71	WHIYX	Ivy High Income	Pair Corr
0.76	IVHIX	Ivy High Income	Pair Corr
0.74	IHIFX	Ivy High Income	Pair Corr
0.72	WRHIX	Ivy High Income	Pair Corr
0.71	WHIAX	Ivy High Income	Pair Corr
0.8	RIV	Rivernorth Opportunities	Pair Corr

Moving against Sentinel Mutual Fund

0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.64	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.56	KO	Coca Cola Aggressive Push	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	SENCX	SWRLX	SAGWX	SBACX
SENCX		0.02	0.86	0.96	SENCX
SWRLX	0.02		-0.18	0.16	SWRLX
SAGWX	0.86	-0.18		0.83	SAGWX
SBACX	0.96	0.16	0.83		SBACX
	SENCX	SWRLX	SAGWX	SBACX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SBACX	+ 0.96	SENCX
SAGWX	+ 0.86	SENCX
SBACX	+ 0.83	SAGWX
SBACX	+ 0.16	SWRLX
SWRLX	+ 0.02	SENCX

High negative correlations

SAGWX

- 0.18

SWRLX

Risk-Adjusted Indicators

There is a big difference between Sentinel Mutual Fund performing well and Sentinel Balanced Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sentinel Balanced's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SENCX	0.51	0.00	(0.04)	0.12	0.63	(0.55)	1.09	(1.53)	3.72
SWRLX	0.63	(0.09)	0.00	(0.12)	0.00	0.00	1.35	(1.63)	4.03
SAGWX	0.76	(0.02)	0.01	0.11	0.82	(0.88)	1.65	(1.28)	7.02
SBACX	0.32	(0.01)	(0.15)	0.09	0.41	(0.34)	0.78	(0.91)	2.32

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