Sentinel Common Correlations

Mutual Funds . USA . 
Fund . Sentinel Mon Stock
SCSCX Fund  USD 61.72  0.13  0.21%   
The current 90-days correlation between Sentinel Mon Stock and Sentinel Mon Stock is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Sentinel Mon Stock and DJI is -0.04 (i.e., Good 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

  0.92TVOYX Touchstone Small CapPairCorr
  0.85TEGAX Mid Cap GrowthPairCorr
  0.94TEGIX Mid Cap GrowthPairCorr
  0.94TEGYX Mid Cap GrowthPairCorr
  0.91SAGWX Sentinel Small PanyPairCorr
  0.91SSCOX Sentinel Small PanyPairCorr
  0.91SSRRX Sentinel SmallPairCorr
  1.0TFFCX Touchstone FocusedPairCorr
  0.94TFGRX Touchstone Mid CapPairCorr
  1.0TFFYX Touchstone FocusedPairCorr
  0.97SBACX Sentinel BalancedPairCorr
  1.0TFOAX Touchstone FocusedPairCorr
  0.97CFSIX Touchstone Sands CapitalPairCorr
  0.73TGVFX Growth OpportunitiesPairCorr
  0.89TGVYX Growth OpportunitiesPairCorr
  0.89TGVVX Growth OpportunitiesPairCorr
  1.0SCRLX Sentinel Mon StockPairCorr
  0.91TICSX Touchstone Small PanyPairCorr
  0.96SEBLX Sentinel BalancedPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.64TLCYX Touchstone Large CapPairCorr
  0.91TLGYX Touchstone Large PanyPairCorr
  0.87TMAPX Touchstone Mid CapPairCorr
  0.9TMFCX Touchstone Mid CapPairCorr
  0.95SIBLX Sentinel BalancedPairCorr
  1.0SICWX Sentinel Mon StockPairCorr
  0.91SIGWX Sentinel Small PanyPairCorr

Moving against Sentinel Mutual Fund

  0.41SWFCX Sentinel InternationalPairCorr
  0.41SWRLX Sentinel InternationalPairCorr
  0.41SIIEX Sentinel InternationalPairCorr
  0.35TOBIX Active Bond FundPairCorr
  0.35TOBYX Active Bond FundPairCorr
  0.31TOIIX Touchstone InternationalPairCorr

Related Correlations Analysis

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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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