Sentinel International Correlations

Mutual Funds . USA . 
Fund . Sentinel International Equity
SWFCX Fund  USD 14.19  0.06  0.42%   
The current 90-days correlation between Sentinel International and Sentinel International Equity is 1.0 (i.e., No risk reduction). The correlation of Sentinel International 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 International Correlation With Market

Weak diversification

The correlation between Sentinel International Equity and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel International Equity 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 International Equity. 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

  0.65TVOYX Touchstone Small CapPairCorr
  0.82TEGCX Touchstone Sands CapitalPairCorr
  0.7TEGAX Mid Cap GrowthPairCorr
  0.7TEGYX Mid Cap GrowthPairCorr
  0.71SAGWX Sentinel Small PanyPairCorr
  0.74TEQCX Touchstone SustainabilityPairCorr
  0.73TEQAX Touchstone SustainabilityPairCorr
  0.71SSCOX Sentinel Small PanyPairCorr
  0.91TFCCX Touchstone Large CapPairCorr
  0.71SSRRX Sentinel SmallPairCorr
  0.69TFGRX Touchstone Mid CapPairCorr
  0.69SBACX Sentinel BalancedPairCorr
  0.78FRACX Touchstone FlexiblePairCorr
  0.76TFSLX Touchstone FlexiblePairCorr
  0.61TGVFX Growth OpportunitiesPairCorr
  0.7TICSX Touchstone Small PanyPairCorr
  0.68SEBLX Sentinel BalancedPairCorr
  0.77TIMPX Touchstone FundsPairCorr
  0.68TIQIX Touchstone SustainabilityPairCorr
  1.0SWRLX Sentinel InternationalPairCorr
  0.92TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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