Sentinel Multi Correlations

SCSIX Fund

USD 37.46 0.08 0.21%

The current 90-days correlation between Sentinel Multi Asset and T Rowe Price is 0.77 (i.e., Poor diversification). The correlation of Sentinel Multi 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 Correlation With Market

Weak diversification

The correlation between Sentinel Multi Asset Income and DJI is 0.38 (i.e., Weak 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

0.63	BSGAX	Sterling Capital Short	Pair Corr
0.77	STMMX	Sterling Capital Stratton	Pair Corr
0.76	STMOX	Sterling Capital Stratton	Pair Corr
1.0	STRSX	Sterling Capital Special	Pair Corr
1.0	STSOX	Sterling Capital Stratton	Pair Corr
1.0	STSNX	Sterling Capital Stratton	Pair Corr
0.99	STREX	Sterling Capital Equity	Pair Corr
0.99	STRBX	Sterling Capital Beh	Pair Corr
0.8	STRAX	Stralem Equity	Pair Corr
0.95	STRNX	Sterling Capital Stratton	Pair Corr
0.9	STRLX	Sterling Capital Stratton	Pair Corr
0.78	BBISX	Sterling Capital Beh	Pair Corr
0.77	SCREX	Mfs Variable Insurance	Pair Corr
0.81	BBTGX	Sterling Capital Beh	Pair Corr
0.8	BCVCX	Sterling Capital Beh	Pair Corr
0.62	BUSIX	Sterling Capital Ultra	Pair Corr

Moving against Sentinel Mutual Fund

0.96	BAEIX	Sterling Capital Equity	Pair Corr
0.91	STSCX	Sterling Capital Stratton	Pair Corr
0.83	STRGX	Sterling Capital Stratton	Pair Corr
0.36	STRFX	Wells Fargo Large	Pair Corr
0.42	SCCNX	Sterling Capital Porate	Pair Corr
0.38	SCCMX	Sterling Capital Porate	Pair Corr
0.37	SCCPX	Sterling Capital Porate	Pair Corr
0.96	BCEGX	Sterling Capital Equity	Pair Corr

Related Correlations Analysis

	PRNHX	CHASX	GGRYX	SCGCX	NEAIX	IVGAX	WPASX	SLWGX
PRNHX		0.66	0.66	0.72	0.79	0.66	0.56	0.59	PRNHX
CHASX	0.66		0.89	0.74	0.71	0.89	0.79	0.59	CHASX
GGRYX	0.66	0.89		0.67	0.73	0.87	0.74	0.46	GGRYX
SCGCX	0.72	0.74	0.67		0.85	0.81	0.61	0.79	SCGCX
NEAIX	0.79	0.71	0.73	0.85		0.7	0.67	0.56	NEAIX
IVGAX	0.66	0.89	0.87	0.81	0.7		0.74	0.62	IVGAX
WPASX	0.56	0.79	0.74	0.61	0.67	0.74		0.18	WPASX
SLWGX	0.59	0.59	0.46	0.79	0.56	0.62	0.18		SLWGX
	PRNHX	CHASX	GGRYX	SCGCX	NEAIX	IVGAX	WPASX	SLWGX

Risk-Adjusted Indicators

There is a big difference between Sentinel Mutual Fund performing well and Sentinel Multi 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'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
PRNHX	1.22	(0.02)	0.00	0.06	2.03	(1.26)	1.80	(2.08)	21.91
CHASX	1.05	0.18	0.13	0.24	1.04	(1.14)	1.99	(2.53)	12.57
GGRYX	0.58	0.05	0.04	0.15	0.64	(0.62)	0.96	(1.12)	9.60
SCGCX	0.45	(0.01)	(0.04)	0.05	0.68	(0.42)	0.87	(1.06)	2.54
NEAIX	1.19	(0.01)	0.02	0.07	1.55	(1.17)	2.24	(3.01)	6.07
IVGAX	0.56	0.02	0.01	0.09	0.71	(0.57)	1.20	(1.16)	2.98
WPASX	0.75	0.06	0.08	0.12	0.73	(0.85)	1.14	(1.35)	11.90
SLWGX	0.85	(0.01)	0.00	0.06	1.09	(0.93)	1.94	(1.98)	5.00

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