Sentinel Small Correlations

SIGWX Fund

USD 6.51 0.04 0.61%

The current 90-days correlation between Sentinel Small Pany and Oppenheimer International Diversified is 0.68 (i.e., Poor 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

Poor diversification

The correlation between Sentinel Small Pany and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Small Pany 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 Pany. 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

0.98	TVOYX	Touchstone Small Cap	Pair Corr
0.96	TEGAX	Mid Cap Growth	Pair Corr
0.96	TEGIX	Mid Cap Growth	Pair Corr
0.96	TEGYX	Mid Cap Growth	Pair Corr
1.0	SAGWX	Sentinel Small Pany	Pair Corr
1.0	SSCOX	Sentinel Small Pany	Pair Corr
1.0	SSRRX	Sentinel Small	Pair Corr
0.9	TFFCX	Touchstone Focused	Pair Corr
0.96	TFGRX	Touchstone Mid Cap	Pair Corr
0.89	TFFIX	Touchstone Focused	Pair Corr
0.89	TFFYX	Touchstone Focused	Pair Corr
0.8	SBACX	Sentinel Balanced	Pair Corr
0.9	TFOAX	Touchstone Focused	Pair Corr
0.91	CFSIX	Touchstone Sands Capital	Pair Corr
0.92	TGVCX	Growth Opportunities	Pair Corr
0.92	TGVFX	Growth Opportunities	Pair Corr
0.92	TGVYX	Growth Opportunities	Pair Corr
0.93	TGVVX	Growth Opportunities	Pair Corr
0.9	SCRLX	Sentinel Mon Stock	Pair Corr
0.91	SCSCX	Sentinel Mon Stock	Pair Corr
1.0	TICSX	Touchstone Small Pany	Pair Corr
0.78	SEBLX	Sentinel Balanced	Pair Corr
0.9	SENCX	Sentinel Mon Stock	Pair Corr
0.91	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Sentinel Mutual Fund

0.54	SSSGX	Sentinel Low Duration	Pair Corr
0.52	TFSLX	Touchstone Flexible	Pair Corr
0.51	FRACX	Touchstone Flexible	Pair Corr
0.36	TEQAX	Touchstone Sustainability	Pair Corr
0.35	TEQCX	Touchstone Sustainability	Pair Corr
0.6	SWFCX	Sentinel International	Pair Corr
0.6	SWRLX	Sentinel International	Pair Corr
0.59	TIMPX	Touchstone Funds	Pair Corr
0.5	FFSAX	Touchstone Flexible	Pair Corr
0.36	TIQIX	Touchstone Sustainability	Pair Corr

Related Correlations Analysis

	OIDAX	DLTZX	CDBCX	SRDAX	FZABX	PGBAX	MDBLX	ACBPX
OIDAX		0.55	0.64	-0.24	0.84	0.75	0.64	0.65	OIDAX
DLTZX	0.55		0.94	-0.37	0.83	0.92	0.95	0.96	DLTZX
CDBCX	0.64	0.94		-0.47	0.79	0.95	0.99	1.0	CDBCX
SRDAX	-0.24	-0.37	-0.47		-0.22	-0.33	-0.43	-0.44	SRDAX
FZABX	0.84	0.83	0.79	-0.22		0.9	0.81	0.82	FZABX
PGBAX	0.75	0.92	0.95	-0.33	0.9		0.95	0.96	PGBAX
MDBLX	0.64	0.95	0.99	-0.43	0.81	0.95		0.99	MDBLX
ACBPX	0.65	0.96	1.0	-0.44	0.82	0.96	0.99		ACBPX
	OIDAX	DLTZX	CDBCX	SRDAX	FZABX	PGBAX	MDBLX	ACBPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ACBPX	+ 1.0	CDBCX
MDBLX	+ 0.99	CDBCX
ACBPX	+ 0.99	MDBLX
ACBPX	+ 0.96	DLTZX
ACBPX	+ 0.96	PGBAX
MDBLX	+ 0.95	DLTZX

High negative correlations

SRDAX	- 0.47	CDBCX
ACBPX	- 0.44	SRDAX
MDBLX	- 0.43	SRDAX
SRDAX	- 0.37	DLTZX
PGBAX	- 0.33	SRDAX
SRDAX	- 0.24	OIDAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OIDAX	0.72	(0.01)	0.00	(0.10)	0.00	0.00	1.42	(1.46)	5.03
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
SRDAX	0.16	0.00	0.27	(2.13)	0.16	(0.20)	0.29	(0.37)	0.76
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16
PGBAX	0.14	0.01	0.40	0.13	0.07	(0.18)	0.34	(0.25)	0.85
MDBLX	0.23	0.02	0.31	0.31	0.15	(0.30)	0.50	(0.38)	1.38
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC