Sentinel Balanced Correlations

SIBLX Fund

USD 30.14 0.11 0.36%

The current 90-days correlation between Sentinel Balanced and William Blair Small is 0.55 (i.e., Very weak 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

Very poor diversification

The correlation between Sentinel Balanced Fund and DJI is 0.83 (i.e., Very 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 board of governors.

Moving together with Sentinel Mutual Fund

0.76	TVOYX	Touchstone Small Cap	Pair Corr
0.63	TEGCX	Touchstone Sands Capital	Pair Corr
0.89	TEGAX	Mid Cap Growth	Pair Corr
0.93	TEQCX	Touchstone Sustainability	Pair Corr
0.93	TEQAX	Touchstone Sustainability	Pair Corr
1.0	SBACX	Sentinel Balanced	Pair Corr
0.82	TIQIX	Touchstone Sustainability	Pair Corr
0.95	SWFCX	Sentinel International	Pair Corr
0.83	SIGWX	Sentinel Small Pany	Pair Corr
0.71	TOHIX	Touchstone Ohio Tax	Pair Corr
0.8	TOIIX	Touchstone International	Pair Corr
0.93	TROCX	Touchstone Sustainability	Pair Corr
0.67	MXIIX	Touchstone Flexible	Pair Corr
0.8	TACLX	Touchstone Large Cap	Pair Corr
0.81	TSAGX	Touchstone Large Pany	Pair Corr
0.61	TSDCX	Touchstone Ultra Short	Pair Corr
0.8	ABALX	American Balanced	Pair Corr
0.85	BALCX	American Balanced	Pair Corr
0.79	BALFX	American Balanced	Pair Corr
0.84	FBONX	American Funds American	Pair Corr
0.84	FBAFX	American Funds American	Pair Corr
0.84	RLBCX	American Balanced	Pair Corr
0.84	RLBBX	American Balanced	Pair Corr
0.8	CLBAX	American Balanced	Pair Corr
0.84	CLBEX	American Balanced	Pair Corr
0.84	RLBFX	American Balanced	Pair Corr
0.69	PMPIX	Precious Metals Ultr	Pair Corr
0.84	PMPSX	Precious Metals Ultr	Pair Corr
0.64	PCTIX	Pimco California Mun	Pair Corr
0.85	TWUOX	Short Term Government	Pair Corr
0.74	PRHSX	T Rowe Price	Pair Corr
0.76	KCVSX	Knights Of Umbus	Pair Corr
0.76	TRATX	T Rowe Price	Pair Corr

Related Correlations Analysis

	SEBLX	SBACX	FTCLX	FCAZX	MDRFX	DBMAX	SIEDX	PGROX	BIRAX	WBSNX
SEBLX		1.0	0.83	0.89	0.96	-0.8	0.69	0.94	0.96	0.89	SEBLX
SBACX	1.0		0.84	0.89	0.96	-0.8	0.7	0.94	0.96	0.89	SBACX
FTCLX	0.83	0.84		0.91	0.8	-0.63	0.76	0.74	0.86	0.85	FTCLX
FCAZX	0.89	0.89	0.91		0.85	-0.63	0.7	0.78	0.93	0.94	FCAZX
MDRFX	0.96	0.96	0.8	0.85		-0.84	0.69	0.9	0.96	0.9	MDRFX
DBMAX	-0.8	-0.8	-0.63	-0.63	-0.84		-0.56	-0.75	-0.81	-0.67	DBMAX
SIEDX	0.69	0.7	0.76	0.7	0.69	-0.56		0.68	0.66	0.74	SIEDX
PGROX	0.94	0.94	0.74	0.78	0.9	-0.75	0.68		0.87	0.81	PGROX
BIRAX	0.96	0.96	0.86	0.93	0.96	-0.81	0.66	0.87		0.9	BIRAX
WBSNX	0.89	0.89	0.85	0.94	0.9	-0.67	0.74	0.81	0.9		WBSNX
	SEBLX	SBACX	FTCLX	FCAZX	MDRFX	DBMAX	SIEDX	PGROX	BIRAX	WBSNX

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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	+ 1.0	SEBLX
MDRFX	+ 0.96	SEBLX
BIRAX	+ 0.96	SEBLX
MDRFX	+ 0.96	SBACX
BIRAX	+ 0.96	SBACX
BIRAX	+ 0.96	MDRFX

High negative correlations

DBMAX	- 0.84	MDRFX
BIRAX	- 0.81	DBMAX
DBMAX	- 0.8	SBACX
DBMAX	- 0.8	SEBLX
PGROX	- 0.75	DBMAX
WBSNX	- 0.67	DBMAX

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
SEBLX	0.43	0.08	0.10	0.52	0.34	(0.51)	0.91	(0.64)	5.21
SBACX	0.42	0.07	0.08	0.39	0.34	(0.48)	0.91	(0.70)	5.27
FTCLX	0.57	(0.03)	(0.04)	0.00	0.83	(0.52)	1.15	(1.19)	3.48
FCAZX	0.56	0.02	(0.01)	0.20	0.79	(0.55)	1.11	(1.22)	3.44
MDRFX	0.76	0.26	0.29	(1.43)	0.42	(0.89)	1.86	(1.15)	10.77
DBMAX	1.69	(0.43)	0.00	0.49	0.00	0.00	2.16	(1.90)	38.48
SIEDX	0.17	0.06	0.12	0.44	0.00	(0.23)	0.52	(0.32)	0.96
PGROX	0.93	0.35	0.35	(1.55)	0.37	(1.09)	0.93	(1.16)	23.66
BIRAX	0.60	0.07	0.05	1.07	0.77	(0.60)	1.12	(1.23)	5.11
WBSNX	0.94	0.13	0.07	(0.95)	1.03	(1.03)	2.23	(1.86)	5.20

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