Sentinel Common Correlations

Mutual Funds . USA . 
Fund . Sentinel Mon Stock
SCRLX Fund  USD 82.96  0.34  0.41%   
The current 90-days correlation between Sentinel Mon Stock and Global Technology Portfolio is 0.02 (i.e., Significant diversification). The correlation of Sentinel Common 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 Common Correlation With Market

Poor diversification

The correlation between Sentinel Mon Stock and DJI is 0.73 (i.e., 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 various price indices.

Moving together with Sentinel Mutual Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.7VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.71VFINX Vanguard 500 IndexPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.7VINIX Vanguard InstitutionalPairCorr
  0.7VIIIX Vanguard InstitutionalPairCorr
  0.61PDI Pimco Dynamic IncomePairCorr
  0.66WMT Walmart Common StockPairCorr
  0.76AA Alcoa CorpPairCorr

Moving against Sentinel Mutual Fund

  0.81UIPIX Ultrashort Mid CapPairCorr
  0.43USPSX Profunds UltrashortPairCorr
  0.42USPIX Profunds UltrashortPairCorr
  0.31MSFT Microsoft Earnings Call TomorrowPairCorr

Related Correlations Analysis


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

JNGTX
+ 0.97
DTEYX
MTCCX
+ 0.95
WFSTX
ICTEX
+ 0.87
DTEYX
JNGTX
+ 0.85
ICTEX
MTCCX
+ 0.82
DTEYX
JNGTX
+ 0.82
MTCCX
  

High negative correlations

JGLTX
- 0.39
FIJYX

Risk-Adjusted Indicators

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

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
 
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