Sentinel Low Correlations

SSSGX Fund  USD 9.24  0.00  0.00%   
The current 90-days correlation between Sentinel Low Duration and The Hartford Inflation is 0.09 (i.e., Significant 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 -0.01 (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 rate.

Moving together with Sentinel Mutual Fund

  0.85TEGCX Touchstone Sands CapitalPairCorr
  0.77TEGAX Mid Cap GrowthPairCorr
  0.77TEGIX Mid Cap GrowthPairCorr
  0.77TEGYX Mid Cap GrowthPairCorr
  0.81TEQCX Touchstone SustainabilityPairCorr
  0.82TEQAX Touchstone SustainabilityPairCorr
  0.77TFFCX Touchstone FocusedPairCorr
  0.78TFGRX Touchstone Mid CapPairCorr
  0.79TFFIX Touchstone FocusedPairCorr
  0.79TFFYX Touchstone FocusedPairCorr
  0.85SBACX Sentinel BalancedPairCorr
  0.9FRACX Touchstone FlexiblePairCorr
  0.78TFOAX Touchstone FocusedPairCorr
  0.91TFSLX Touchstone FlexiblePairCorr
  0.62CFSIX Touchstone Sands CapitalPairCorr
  0.8TGVCX Growth OpportunitiesPairCorr
  0.8TGVFX Growth OpportunitiesPairCorr
  0.81TGVYX Growth OpportunitiesPairCorr
  0.82TGVVX Growth OpportunitiesPairCorr
  0.8SCRLX Sentinel Mon StockPairCorr
  0.78SCSCX Sentinel Mon StockPairCorr
  0.81THIYX High Yield FundPairCorr
  0.78THYCX High Yield FundPairCorr
  0.8THYAX High Yield FundPairCorr
  0.83THYYX High Yield FundPairCorr
  0.84SEBLX Sentinel BalancedPairCorr
  0.9TIMPX Touchstone FundsPairCorr
  0.82TIQIX Touchstone SustainabilityPairCorr
  0.79SENCX Sentinel Mon StockPairCorr
  0.88SWFCX Sentinel InternationalPairCorr
  0.87SWRLX Sentinel InternationalPairCorr
  0.62CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis


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.