Sentinel Small Correlations

Mutual Funds . USA . 
Fund . Sentinel Small
SSRRX Fund  USD 6.66  0.05  0.75%   
The current 90-days correlation between Sentinel Small and Locorr Market Trend is 0.26 (i.e., Modest diversification). The correlation of Sentinel Small 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 Small Correlation With Market

Very weak diversification

The correlation between Sentinel Small and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Small 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 Small. 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 metropolitan statistical area.

Moving together with Sentinel Mutual Fund

  0.94TVOYX Touchstone Small CapPairCorr
  0.75TEGAX Mid Cap GrowthPairCorr
  0.65TEGYX Mid Cap GrowthPairCorr
  1.0SAGWX Sentinel Small PanyPairCorr
  0.65TEQCX Touchstone SustainabilityPairCorr
  0.65TEQAX Touchstone SustainabilityPairCorr
  1.0SSCOX Sentinel Small PanyPairCorr
  0.97TFCCX Touchstone Large CapPairCorr
  0.72TFGRX Touchstone Mid CapPairCorr
  0.68SBACX Sentinel BalancedPairCorr
  0.71FRACX Touchstone FlexiblePairCorr
  0.67TFSLX Touchstone FlexiblePairCorr
  0.74TGVCX Growth OpportunitiesPairCorr
  0.73TGVFX Growth OpportunitiesPairCorr
  0.69TGVYX Growth OpportunitiesPairCorr
  0.67TGVVX Growth OpportunitiesPairCorr
  1.0TICSX Touchstone Small PanyPairCorr
  0.66SEBLX Sentinel BalancedPairCorr
  0.68TIMPX Touchstone FundsPairCorr
  0.63TIQIX Touchstone SustainabilityPairCorr
  0.71SWFCX Sentinel InternationalPairCorr
  0.71SWRLX Sentinel InternationalPairCorr
  0.97TLCIX Touchstone Large CapPairCorr

Moving against Sentinel Mutual Fund

  0.36SSSGX Sentinel Low DurationPairCorr

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   
RBLCX
+ 0.9
ARTYX
RBLCX
+ 0.87
IGIEX
IGIEX
+ 0.85
ARTYX
RYDCX
+ 0.76
RBLCX
VTMNX
+ 0.67
RBLCX
RYDCX
+ 0.65
ARTYX
  
High negative correlations   
VTMNX
- 0.36
LOTCX
IGIEX
- 0.0
LOTCX

Risk-Adjusted Indicators

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