Sentinel Multi Correlations

SCSIX Fund

USD 37.07 0.07 0.19%

The current 90-days correlation between Sentinel Multi Asset and Transamerica Financial Life is -0.06 (i.e., Good diversification). The correlation of Sentinel Multi 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 Multi Correlation With Market

Weak diversification

The correlation between Sentinel Multi Asset Income and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Multi Asset Income 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 Multi Asset Income. 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 gross domestic product.

Moving together with Sentinel Mutual Fund

0.74	STMMX	Sterling Capital Stratton	Pair Corr
0.99	STRSX	Sterling Capital Special	Pair Corr
0.73	STSOX	Sterling Capital Stratton	Pair Corr
0.85	STSNX	Sterling Capital Stratton	Pair Corr
0.99	STREX	Sterling Capital Equity	Pair Corr
0.81	STRBX	Sterling Capital Beh	Pair Corr
0.7	STRAX	Stralem Equity	Pair Corr
0.92	STRNX	Sterling Capital Stratton	Pair Corr
0.92	STRLX	Sterling Capital Stratton	Pair Corr
0.73	BBISX	Sterling Capital Beh	Pair Corr

Moving against Sentinel Mutual Fund

0.76	STRGX	Sterling Capital Stratton	Pair Corr
0.7	STSCX	Sterling Capital Stratton	Pair Corr
0.66	BAEIX	Sterling Capital Equity	Pair Corr
0.33	SCCNX	Sterling Capital Porate	Pair Corr
0.89	BOPIX	Sterling Capital Special	Pair Corr
0.73	BCEGX	Sterling Capital Equity	Pair Corr
0.66	BOPCX	Sterling Capital Special	Pair Corr
0.61	BOPAX	Sterling Capital Special	Pair Corr
0.46	SPSCX	Sterling Capital Beh	Pair Corr

Related Correlations Analysis

	IAAEX	SBFAX	RMBLX	PGFMX	VFAIX	BTO	FIKBX
IAAEX		0.06	0.58	0.37	0.78	0.73	0.75	IAAEX
SBFAX	0.06		-0.09	-0.36	0.22	0.32	0.08	SBFAX
RMBLX	0.58	-0.09		0.3	0.73	0.55	0.85	RMBLX
PGFMX	0.37	-0.36	0.3		0.08	-0.17	0.13	PGFMX
VFAIX	0.78	0.22	0.73	0.08		0.89	0.96	VFAIX
BTO	0.73	0.32	0.55	-0.17	0.89		0.83	BTO
FIKBX	0.75	0.08	0.85	0.13	0.96	0.83		FIKBX
	IAAEX	SBFAX	RMBLX	PGFMX	VFAIX	BTO	FIKBX

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

FIKBX	+ 0.96	VFAIX
BTO	+ 0.89	VFAIX
FIKBX	+ 0.85	RMBLX
FIKBX	+ 0.83	BTO
VFAIX	+ 0.78	IAAEX
FIKBX	+ 0.75	IAAEX

High negative correlations

PGFMX	- 0.36	SBFAX
BTO	- 0.17	PGFMX
RMBLX	- 0.09	SBFAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IAAEX	0.65	0.00	(0.05)	0.07	0.76	(0.72)	1.15	(1.16)	3.16
SBFAX	0.85	(0.25)	0.00	(0.16)	0.00	0.00	1.56	(2.26)	14.27
RMBLX	1.06	0.00	0.01	0.06	1.66	(1.09)	2.70	(2.79)	9.35
PGFMX	0.29	0.00	(0.13)	0.07	0.33	(0.33)	0.62	(0.62)	1.60
VFAIX	0.66	(0.04)	(0.04)	0.02	0.95	(0.66)	1.33	(1.73)	4.28
BTO	0.96	(0.01)	(0.01)	0.05	1.53	(0.90)	1.91	(2.10)	7.11
FIKBX	0.68	(0.01)	(0.01)	0.05	1.03	(0.70)	1.55	(1.65)	5.55

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