Sentinel Balanced Correlations

Mutual Funds . USA . 
Fund . Sentinel Balanced Fund
SIBLX Fund  USD 29.95  0.35  1.18%   
The current 90-days correlation between Sentinel Balanced and Sentinel Balanced Fund is 0.99 (i.e., No risk reduction). The correlation of Sentinel Balanced 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 Balanced Correlation With Market

Very good diversification

The correlation between Sentinel Balanced Fund and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Balanced Fund 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 Balanced Fund. 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 industry.

Moving together with Sentinel Mutual Fund

  0.72TVOYX Touchstone Small CapPairCorr
  0.67TEGAX Mid Cap GrowthPairCorr
  0.88TEGIX Mid Cap GrowthPairCorr
  0.88TEGYX Mid Cap GrowthPairCorr
  0.89SAGWX Sentinel Small PanyPairCorr
  0.78TEQCX Touchstone SustainabilityPairCorr
  0.79TEQAX Touchstone SustainabilityPairCorr
  0.88SSCOX Sentinel Small PanyPairCorr
  0.85TFCCX Touchstone Large CapPairCorr
  0.89SSRRX Sentinel SmallPairCorr
  0.75TFFCX Touchstone FocusedPairCorr
  0.88TFGRX Touchstone Mid CapPairCorr
  0.94SSSGX Sentinel Low DurationPairCorr
  0.75TFFYX Touchstone FocusedPairCorr
  1.0SBACX Sentinel BalancedPairCorr
  0.68FRACX Touchstone FlexiblePairCorr
  0.99TFOAX Touchstone FocusedPairCorr
  0.92TFSLX Touchstone FlexiblePairCorr
  0.96CFSIX Touchstone Sands CapitalPairCorr
  0.98TGVCX Growth OpportunitiesPairCorr
  0.98TGVFX Growth OpportunitiesPairCorr
  0.98TGVYX Growth OpportunitiesPairCorr
  0.76TGVVX Growth OpportunitiesPairCorr
  1.0SCRLX Sentinel Mon StockPairCorr
  1.0SCSCX Sentinel Mon StockPairCorr
  0.99THIYX High Yield FundPairCorr
  0.99THYCX High Yield FundPairCorr
  0.99THYAX High Yield FundPairCorr
  0.99THYYX High Yield FundPairCorr
  0.89TICSX Touchstone Small PanyPairCorr
  1.0SEBLX Sentinel BalancedPairCorr
  0.62TIMPX Touchstone FundsPairCorr
  0.8TIQIX Touchstone SustainabilityPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.92SWFCX Sentinel InternationalPairCorr
  0.93SWRLX Sentinel InternationalPairCorr
  0.96CISGX Touchstone Sands CapitalPairCorr
  0.86TLCIX Touchstone Large CapPairCorr
  0.86TLCYX Touchstone Large CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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