Sentinel Small Correlations

SSRRX Fund

USD 5.93 0.04 0.67%

The current 90-days correlation between Sentinel Small and Fidelity Small Cap is 0.94 (i.e., Almost no 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 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 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

0.97	TVOYX	Touchstone Small Cap	Pair Corr
0.96	TEGYX	Mid Cap Growth	Pair Corr
1.0	SSCOX	Sentinel Small Pany	Pair Corr
0.9	SCRLX	Sentinel Mon Stock	Pair Corr
1.0	TICSX	Touchstone Small Pany	Pair Corr
0.84	CISGX	Touchstone Sands Capital	Pair Corr
0.95	TMFCX	Touchstone Mid Cap	Pair Corr
1.0	SIGWX	Sentinel Small Pany	Pair Corr
0.94	TSAGX	Touchstone Large Pany	Pair Corr
0.87	TSFYX	Touchstone Small Cap	Pair Corr
0.95	TCVYX	Touchstone Mid Cap	Pair Corr
0.86	TVLCX	Touchstone Value	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.99	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
0.96	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr

Moving against Sentinel Mutual Fund

0.59	TIMPX	Touchstone Funds	Pair Corr
0.59	TOIIX	Touchstone International	Pair Corr
0.53	TOBAX	Active Bond Fund	Pair Corr
0.52	FRACX	Touchstone Flexible	Pair Corr
0.51	MXIIX	Touchstone Flexible	Pair Corr
0.5	TFSLX	Touchstone Flexible	Pair Corr
0.34	TEQCX	Touchstone Sustainability	Pair Corr
0.34	TEQAX	Touchstone Sustainability	Pair Corr
0.34	TIQIX	Touchstone Sustainability	Pair Corr
0.34	TROCX	Touchstone Sustainability	Pair Corr
0.55	TCPCX	Touchstone Total Return	Pair Corr
0.51	TSDCX	Touchstone Ultra Short	Pair Corr
0.45	PUGCX	Putnam Global Equity	Pair Corr
0.32	NHS	Neuberger Berman High	Pair Corr
0.32	OWCIX	Old Westbury Credit	Pair Corr

Related Correlations Analysis

	FCPVX	ASVIX	GSXPX	ARSMX	NOSGX	WBVNX	BPSCX
FCPVX		0.95	0.97	0.78	0.39	0.87	0.86	FCPVX
ASVIX	0.95		0.95	0.92	0.56	0.9	0.91	ASVIX
GSXPX	0.97	0.95		0.78	0.47	0.91	0.88	GSXPX
ARSMX	0.78	0.92	0.78		0.72	0.87	0.82	ARSMX
NOSGX	0.39	0.56	0.47	0.72		0.72	0.49	NOSGX
WBVNX	0.87	0.9	0.91	0.87	0.72		0.83	WBVNX
BPSCX	0.86	0.91	0.88	0.82	0.49	0.83		BPSCX
	FCPVX	ASVIX	GSXPX	ARSMX	NOSGX	WBVNX	BPSCX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FCPVX	0.85	(0.10)	(0.18)	1.53	(2.21)	4.29
ASVIX	0.95	(0.16)	(0.21)	1.23	(2.37)	6.50
GSXPX	0.91	(0.12)	(0.19)	1.48	(2.27)	4.69
ARSMX	0.81	(0.19)	(0.63)	1.13	(1.56)	8.46
NOSGX	1.50	(0.74)	3.04	1.37	(1.99)	36.53
WBVNX	0.91	(0.25)	1.59	1.42	(2.09)	4.42
BPSCX	1.04	(0.25)	(0.34)	1.51	(2.12)	12.69

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