Sentinel Multi-asset Correlations

Mutual Funds . USA . 
Fund . Sentinel Multi Asset Income
SCSIX Fund  USD 39.42  0.20  0.50%   
The current 90-days correlation between Sentinel Multi Asset and Sterling Capital Equity is 0.98 (i.e., Almost no diversification). The correlation of Sentinel Multi-asset 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 Multi-asset Correlation With Market

Modest diversification

The correlation between Sentinel Multi Asset Income and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Multi Asset Income 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 Multi Asset Income. 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 gross domestic product.

Moving together with Sentinel Mutual Fund

  0.99BAEIX Sterling Capital EquityPairCorr
  0.8BSCIX Sterling Capital SouthPairCorr
  0.68BSCCX Sterling Capital SouthPairCorr
  0.75BASCX Sterling Capital SouthPairCorr
  0.85BSGAX Sterling Capital ShortPairCorr
  0.86STMDX Sterling Capital StrattonPairCorr
  0.88STMMX Sterling Capital StrattonPairCorr
  0.85STMOX Sterling Capital StrattonPairCorr
  0.97STRSX Sterling Capital SpecialPairCorr
  0.97STSCX Sterling Capital StrattonPairCorr
  1.0STSOX Sterling Capital StrattonPairCorr
  0.98STSNX Sterling Capital Stratton Steady GrowthPairCorr
  0.97STREX Sterling Capital EquityPairCorr
  0.95STRGX Sterling Capital StrattonPairCorr
  0.99STRBX Sterling Capital BehPairCorr
  0.89STRAX Stralem EquityPairCorr
  0.95STRNX Sterling Capital StrattonPairCorr
  0.98STRLX Sterling Capital StrattonPairCorr
  0.69BBGVX Sterling Capital IntPairCorr
  0.89BBISX Sterling Capital BehPairCorr
  0.75BBNTX Sterling Capital NorthPairCorr
  0.74BBSCX Sterling Capital ShortPairCorr
  0.81BBSGX Sterling Capital ShortPairCorr
  0.88SCREX Mfs Variable InsurancePairCorr
  0.89BCVCX Sterling Capital BehPairCorr
  0.79BUSIX Sterling Capital UltraPairCorr
  0.83BUSRX Sterling Capital UltraPairCorr
  0.74BVAAX Sterling Capital VirginiaPairCorr
  0.74BVATX Sterling Capital VirginiaPairCorr
  0.97BEGIX Sterling Capital EquityPairCorr
  0.71BWVCX Sterling Capital WestPairCorr
  0.74BWVAX Sterling Capital WestPairCorr
  0.85SHTRX Sterling Capital ShortPairCorr
  0.7BGVAX Sterling Capital IntPairCorr

Moving against Sentinel Mutual Fund

  0.51SCCMX Sterling Capital PoratePairCorr
  0.42STRFX Wells Fargo LargePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Sentinel Mutual Fund performing well and Sentinel Multi-asset 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 Multi-asset'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BAEIX  1.29  0.46  0.77  0.37  0.00 
(1.73)
 1.21 
(1.10)
 39.03 
BSCIX  0.05  0.01 (0.75) 5.50  0.00 
(0.13)
 0.19 
(0.10)
 0.38 
BSCCX  0.05  0.00 (0.57) 0.00  0.00 
(0.12)
 0.19 
(0.10)
 0.38 
BASCX  0.06  0.01 (0.64)(2.00) 0.00 
(0.14)
 0.19 
(0.10)
 0.47 
BSGAX  0.07  0.01 (0.69)(0.41) 0.00 
(0.17)
 0.12 
(0.12)
 0.48 
STMDX  0.58  0.07  0.02  0.25  0.62 
(0.63)
 1.33 
(0.94)
 4.76 
STMMX  0.58  0.08  0.02  0.35  0.61 
(0.62)
 1.30 
(0.94)
 4.72 
STMOX  0.58  0.07  0.02  0.27  0.63 
(0.63)
 1.31 
(0.95)
 4.79 
STRSX  1.07  0.28  0.42  0.26  0.10 
(1.45)
 1.39 
(1.41)
 26.17 
STSCX  1.19  0.37  0.49  0.30  0.00 
(1.47)
 1.79 
(1.20)
 28.45 

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