Sentinel Mon Correlations

Mutual Funds USA . 
Fund . Sentinel Mon Stock
SICWX Fund  USD 72.77  0.34  0.47%   
The current 90-days correlation between Sentinel Mon Stock and Columbia Seligman Munications is 0.07 (i.e., Significant diversification). The correlation of Sentinel Mon 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 Mon Correlation With Market

Very poor diversification

The correlation between Sentinel Mon Stock and DJI is 0.81 (i.e., Very poor 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 housing.

Moving together with Sentinel Mutual Fund

  0.91TVOYX Touchstone Small CapPairCorr
  0.94TEGAX Mid Cap GrowthPairCorr
  0.94TEGIX Mid Cap GrowthPairCorr
  0.94TEGYX Mid Cap GrowthPairCorr
  0.88SAGWX Sentinel Small PanyPairCorr
  0.87SSCOX Sentinel Small PanyPairCorr
  0.91TFCCX Touchstone Large CapPairCorr
  0.88SSRRX Sentinel SmallPairCorr
  1.0TFFCX Touchstone FocusedPairCorr
  0.94TFGRX Touchstone Mid CapPairCorr
  1.0TFFIX Touchstone FocusedPairCorr
  0.81SSSGX Sentinel Low DurationPairCorr
  1.0TFFYX Touchstone FocusedPairCorr
  0.96SBACX Sentinel BalancedPairCorr
  1.0TFOAX Touchstone FocusedPairCorr
  0.95CFSIX Touchstone Sands CapitalPairCorr
  0.99TGVCX Growth OpportunitiesPairCorr
  0.99TGVFX Growth OpportunitiesPairCorr
  0.99TGVYX Growth OpportunitiesPairCorr
  0.99TGVVX Growth OpportunitiesPairCorr
  1.0SCRLX Sentinel Mon StockPairCorr
  1.0SCSCX Sentinel Mon StockPairCorr
  0.76THIYX High Yield FundPairCorr
  0.72THYCX High Yield FundPairCorr
  0.74THYAX High Yield FundPairCorr
  0.76THYYX High Yield FundPairCorr
  0.88TICSX Touchstone Small PanyPairCorr
  0.97SEBLX Sentinel BalancedPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.95CISGX Touchstone Sands CapitalPairCorr
  0.91TLCIX Touchstone Large CapPairCorr

Moving against Sentinel Mutual Fund

  0.6FRACX Touchstone FlexiblePairCorr
  0.51TFSLX Touchstone FlexiblePairCorr
  0.76TIMPX Touchstone FundsPairCorr
  0.5FFSAX Touchstone FlexiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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