Sentinel Small Correlations

Mutual Funds . USA . 
Fund . Sentinel Small
SSRRX Fund  USD 6.40  0.03  0.47%   
The current 90-days correlation between Sentinel Small and Touchstone Small Cap is 0.95 (i.e., Almost no diversification). The correlation of Sentinel Small 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 Small Correlation With Market

Very poor diversification

The correlation between Sentinel Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Small 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 Small. 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 metropolitan statistical area.

Moving together with Sentinel Mutual Fund

  0.99TVOYX Touchstone Small CapPairCorr
  0.95TEGCX Touchstone Sands CapitalPairCorr
  0.98TEGAX Mid Cap GrowthPairCorr
  0.98TEGIX Mid Cap GrowthPairCorr
  0.98TEGYX Mid Cap GrowthPairCorr
  1.0SAGWX Sentinel Small PanyPairCorr
  0.95TEQCX Touchstone SustainabilityPairCorr
  0.95TEQAX Touchstone SustainabilityPairCorr
  1.0SSCOX Sentinel Small PanyPairCorr
  0.96TFCCX Touchstone Large CapPairCorr
  0.96TFFCX Touchstone FocusedPairCorr
  0.98TFGRX Touchstone Mid CapPairCorr
  0.96TFFIX Touchstone FocusedPairCorr
  0.84SSSGX Sentinel Low DurationPairCorr
  0.96TFFYX Touchstone FocusedPairCorr
  0.95SBACX Sentinel BalancedPairCorr
  0.74FRACX Touchstone FlexiblePairCorr
  0.96TFOAX Touchstone FocusedPairCorr
  0.77TFSLX Touchstone FlexiblePairCorr
  0.96CFSIX Touchstone Sands CapitalPairCorr
  0.96TGVCX Growth OpportunitiesPairCorr
  0.96TGVFX Growth OpportunitiesPairCorr
  0.96TGVYX Growth OpportunitiesPairCorr
  0.96TGVVX Growth OpportunitiesPairCorr
  0.95SCRLX Sentinel Mon StockPairCorr
  0.95SCSCX Sentinel Mon StockPairCorr
  0.94THIYX High Yield FundPairCorr
  0.94THYCX High Yield FundPairCorr
  0.94THYAX High Yield FundPairCorr
  0.93THYYX High Yield FundPairCorr
  1.0TICSX Touchstone Small PanyPairCorr
  0.94SEBLX Sentinel BalancedPairCorr
  0.95TIQIX Touchstone SustainabilityPairCorr
  0.95SENCX Sentinel Mon StockPairCorr
  0.91SWFCX Sentinel InternationalPairCorr
  0.91SWRLX Sentinel InternationalPairCorr
  0.96CISGX Touchstone Sands CapitalPairCorr
  0.96TLCIX 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 Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TVOYX  0.80  0.06  0.05  0.19  0.85 
(0.95)
 2.05 
(1.82)
 6.32 
TEGCX  0.63  0.12  0.08  0.37  0.38 
(0.80)
 1.81 
(0.97)
 4.19 
TEGAX  0.93  0.21  0.18  0.34  0.76 
(1.06)
 2.67 
(1.55)
 5.79 
TEGIX  0.90  0.21  0.18  0.35  0.71 
(1.03)
 2.69 
(1.55)
 5.80 
TEGYX  0.91  0.21  0.18  0.35  0.72 
(1.03)
 2.69 
(1.55)
 5.80 
SAGWX  0.82  0.06  0.06  0.19  0.78 
(0.98)
 2.05 
(1.69)
 6.36 
TEQCX  0.59  0.12  0.08  0.40  0.35 
(0.72)
 1.45 
(1.00)
 3.63 
TEQAX  0.59  0.13  0.09  0.40  0.31 
(0.73)
 1.47 
(0.94)
 3.68 
SSCOX  0.83  0.06  0.06  0.19  0.74 
(1.00)
 2.14 
(1.69)
 6.17 
TFCCX  0.62 (0.02)(0.06) 0.10  0.71 
(0.66)
 1.51 
(1.31)
 3.83 

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