Sentinel Balanced Correlations

Mutual Funds . USA . 
Fund . Sentinel Balanced Fund
SIBLX Fund  USD 28.40  0.09  0.32%   
The current 90-days correlation between Sentinel Balanced and Sentinel Balanced Fund is 1.0 (i.e., No risk reduction). 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

Weak diversification

The correlation between Sentinel Balanced Fund 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 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 bureau of economic analysis.

Moving together with Sentinel Mutual Fund

  0.76TVOYX Touchstone Small CapPairCorr
  0.81TEGAX Mid Cap GrowthPairCorr
  0.81TEGIX Mid Cap GrowthPairCorr
  0.84TEGYX Mid Cap GrowthPairCorr
  0.64SAGWX Sentinel Small PanyPairCorr
  0.61TEQAX Touchstone SustainabilityPairCorr
  0.63SSCOX Sentinel Small PanyPairCorr
  0.66SSRRX Sentinel SmallPairCorr
  0.98TFFCX Touchstone FocusedPairCorr
  0.84TFGRX Touchstone Mid CapPairCorr
  0.97TFFIX Touchstone FocusedPairCorr
  0.97TFFYX Touchstone FocusedPairCorr
  0.99SBACX Sentinel BalancedPairCorr
  0.72FRACX Touchstone FlexiblePairCorr
  0.98TFOAX Touchstone FocusedPairCorr
  0.78TFSLX Touchstone FlexiblePairCorr
  0.77CFSIX Touchstone Sands CapitalPairCorr
  0.79TGVCX Growth OpportunitiesPairCorr
  0.82TGVFX Growth OpportunitiesPairCorr
  0.84TGVYX Growth OpportunitiesPairCorr
  0.85TGVVX Growth OpportunitiesPairCorr
  0.96SCRLX Sentinel Mon StockPairCorr
  0.96SCSCX Sentinel Mon StockPairCorr
  0.73THIYX High Yield FundPairCorr
  0.78THYCX High Yield FundPairCorr
  0.72THYAX High Yield FundPairCorr
  0.74THYYX High Yield FundPairCorr
  0.68TICSX Touchstone Small PanyPairCorr
  1.0SEBLX Sentinel BalancedPairCorr
  0.7TIMPX Touchstone FundsPairCorr
  0.62TIQIX Touchstone SustainabilityPairCorr
  0.96SENCX Sentinel Mon StockPairCorr
  0.77CISGX Touchstone Sands CapitalPairCorr
  0.61TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis

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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.

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