Sentinel Low Correlations

Mutual Funds . USA . 
Fund . Sentinel Low Duration
SSSGX Fund  USD 9.24  0.00  0.00%   
The current 90-days correlation between Sentinel Low Duration and Dodge Global Stock is -0.04 (i.e., Good diversification). The correlation of Sentinel Low 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 Low Correlation With Market

Good diversification

The correlation between Sentinel Low Duration and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Low Duration 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 Low Duration. 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 price.

Moving together with Sentinel Mutual Fund

  0.87TEQCX Touchstone SustainabilityPairCorr
  0.87TEQAX Touchstone SustainabilityPairCorr
  0.81FRACX Touchstone FlexiblePairCorr
  0.84TFSLX Touchstone FlexiblePairCorr
  0.66THIYX High Yield FundPairCorr
  0.61THYAX High Yield FundPairCorr
  0.66THYYX High Yield FundPairCorr
  0.85TIMPX Touchstone FundsPairCorr
  0.88TIQIX Touchstone SustainabilityPairCorr
  0.91SWFCX Sentinel InternationalPairCorr
  0.91SWRLX Sentinel InternationalPairCorr

Moving against Sentinel Mutual Fund

  0.72TGVCX Growth OpportunitiesPairCorr
  0.72TGVFX Growth OpportunitiesPairCorr
  0.71TGVYX Growth OpportunitiesPairCorr
  0.56SSCOX Sentinel Small PanyPairCorr
  0.55SAGWX Sentinel Small PanyPairCorr
  0.55SSRRX Sentinel SmallPairCorr
  0.54TVOYX Touchstone Small CapPairCorr
  0.48TEGAX Mid Cap GrowthPairCorr
  0.48TEGIX Mid Cap GrowthPairCorr
  0.48TEGYX Mid Cap GrowthPairCorr
  0.47TFGRX Touchstone Mid CapPairCorr
  0.36CFSIX Touchstone Sands CapitalPairCorr
  0.32TFFCX Touchstone FocusedPairCorr
  0.71TGVVX Growth OpportunitiesPairCorr
  0.67TMAPX Touchstone Mid CapPairCorr
  0.67TMCTX Touchstone Mid CapPairCorr
  0.62TLGYX Touchstone Large PanyPairCorr
  0.55TICSX Touchstone Small PanyPairCorr
  0.36CISGX Touchstone Sands CapitalPairCorr
  0.35SCSCX Sentinel Mon StockPairCorr
  0.33SCRLX Sentinel Mon StockPairCorr
  0.33SENCX Sentinel Mon StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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