Sentinel Multi-asset Correlations

Mutual Funds . USA . 
Fund . Sentinel Multi Asset Income
SCSIX Fund  USD 40.96  0.41  0.99%   
The current 90-days correlation between Sentinel Multi Asset and Guidemark Large Cap is 0.19 (i.e., Average 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

Very poor diversification

The correlation between Sentinel Multi Asset Income and DJI is 0.88 (i.e., Very poor 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

  0.97BAEIX Sterling Capital EquityPairCorr
  0.78BSCIX Sterling Capital SouthPairCorr
  0.75BSCCX Sterling Capital SouthPairCorr
  0.77BASCX Sterling Capital SouthPairCorr
  0.8BSGAX Sterling Capital ShortPairCorr
  0.79STMMX Sterling Capital StrattonPairCorr
  0.79STMOX Sterling Capital StrattonPairCorr
  0.82STRSX Sterling Capital SpecialPairCorr
  1.0STSCX Sterling Capital StrattonPairCorr
  1.0STSOX Sterling Capital StrattonPairCorr
  0.98STSNX Sterling Capital StrattonPairCorr
  0.97STREX Sterling Capital EquityPairCorr
  0.99STRGX Sterling Capital StrattonPairCorr
  0.99STRBX Sterling Capital BehPairCorr
  0.87STRAX Stralem EquityPairCorr
  0.99STRNX Sterling Capital StrattonPairCorr
  0.99STRLX Sterling Capital StrattonPairCorr
  0.87BBISX Sterling Capital BehPairCorr
  0.78BBNTX Sterling Capital NorthPairCorr
  0.78BBNCX Sterling Capital NorthPairCorr
  0.8BBSCX Sterling Capital ShortPairCorr
  0.62SCSSX Sterling Capital SecPairCorr
  0.63SCSPX Sterling Capital SecPairCorr
  0.79BBSGX Sterling Capital ShortPairCorr
  0.79SCREX Mfs Variable InsurancePairCorr
  0.87BBTGX Sterling Capital BehPairCorr
  0.97BCEGX Sterling Capital EquityPairCorr
  0.87BCVCX Sterling Capital BehPairCorr
  0.82BUSIX Sterling Capital UltraPairCorr
  0.82BUSRX Sterling Capital UltraPairCorr
  0.78OWVAX Sterling Capital WestPairCorr

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.

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