Sentinel Common Correlations

Mutual Funds . USA . 
Fund . Sentinel Mon Stock
SENCX Fund  USD 73.67  0.27  0.37%   
The current 90-days correlation between Sentinel Mon Stock and Sentinel Small Pany is 0.63 (i.e., Poor diversification). The correlation of Sentinel Common 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 Common Correlation With Market

Weak diversification

The correlation between Sentinel Mon Stock and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Mon Stock 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 Mon Stock. 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

  0.63TVOYX Touchstone Small CapPairCorr
  0.8TEGAX Mid Cap GrowthPairCorr
  0.86TEGIX Mid Cap GrowthPairCorr
  0.78TEGYX Mid Cap GrowthPairCorr
  0.81TFGRX Touchstone Mid CapPairCorr
  1.0TFOAX Touchstone FocusedPairCorr
  0.77CFSIX Touchstone Sands CapitalPairCorr
  0.63TGVFX Growth OpportunitiesPairCorr
  0.66TGVYX Growth OpportunitiesPairCorr
  0.67TGVVX Growth OpportunitiesPairCorr
  0.99SCSCX Sentinel Mon StockPairCorr
  0.79THIYX High Yield FundPairCorr
  0.81THYCX High Yield FundPairCorr
  0.81THYAX High Yield FundPairCorr
  0.96SEBLX Sentinel BalancedPairCorr
  0.87CISGX Touchstone Sands CapitalPairCorr
  0.84TLGYX Touchstone Large PanyPairCorr
  0.66TMARX Touchstone ArbitragePairCorr
  0.66TMAYX Touchstone ArbitragePairCorr
  0.68TMACX Touchstone ArbitragePairCorr

Related Correlations Analysis

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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   
SCSCX
+ 0.96
SEBLX
SCSCX
+ 0.86
TSNAX
TSNAX
+ 0.77
SEBLX
SWRLX
+ 0.72
SAGWX
SEBLX
+ 0.64
SAGWX
SCSCX
+ 0.49
SAGWX
  
High negative correlations   
TSNAX
- 0.42
SWRLX
SCSCX
- 0.0
SWRLX

Risk-Adjusted Indicators

There is a big difference between Sentinel Mutual Fund performing well and Sentinel Common 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 Common'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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