Sentinel Balanced Correlations

Mutual Funds . USA . 
Fund . Sentinel Balanced Fund
SEBLX Fund  USD 29.54  0.14  0.48%   
The current 90-days correlation between Sentinel Balanced and Allianzgi Convertible Income is 0.89 (i.e., Very poor diversification). 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

Almost no diversification

The correlation between Sentinel Balanced Fund and DJI is 0.97 (i.e., Almost no 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 bureau of economic analysis.

Moving together with Sentinel Mutual Fund

  0.95TVOYX Touchstone Small CapPairCorr
  0.91TEGCX Touchstone Sands CapitalPairCorr
  0.96TEGAX Mid Cap GrowthPairCorr
  0.96TEGIX Mid Cap GrowthPairCorr
  0.96TEGYX Mid Cap GrowthPairCorr
  0.95SAGWX Sentinel Small PanyPairCorr
  0.92TEQCX Touchstone SustainabilityPairCorr
  0.92TEQAX Touchstone SustainabilityPairCorr
  0.95SSCOX Sentinel Small PanyPairCorr
  0.88TFCCX Touchstone Large CapPairCorr
  0.95SSRRX Sentinel SmallPairCorr
  1.0TFFCX Touchstone FocusedPairCorr
  0.96TFGRX Touchstone Mid CapPairCorr
  1.0TFFIX Touchstone FocusedPairCorr
  0.9SSSGX Sentinel Low DurationPairCorr
  1.0TFFYX Touchstone FocusedPairCorr
  1.0SBACX Sentinel BalancedPairCorr
  0.7FRACX Touchstone FlexiblePairCorr
  1.0TFOAX Touchstone FocusedPairCorr
  0.76TFSLX Touchstone FlexiblePairCorr
  0.97CFSIX Touchstone Sands CapitalPairCorr
  0.98TGVCX Growth OpportunitiesPairCorr
  0.98TGVFX Growth OpportunitiesPairCorr
  0.98TGVYX Growth OpportunitiesPairCorr
  0.98TGVVX Growth OpportunitiesPairCorr
  1.0SCRLX Sentinel Mon StockPairCorr
  1.0SCSCX Sentinel Mon StockPairCorr
  0.97THIYX High Yield FundPairCorr
  0.97THYCX High Yield FundPairCorr
  0.97THYAX High Yield FundPairCorr
  0.97THYYX High Yield FundPairCorr
  0.95TICSX Touchstone Small PanyPairCorr
  0.92TIQIX Touchstone SustainabilityPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.94SWFCX Sentinel InternationalPairCorr
  0.94SWRLX Sentinel InternationalPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.9TLCIX 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 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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