Sterling Capital Correlations

BAEIX Fund

USD 29.35 0.02 0.07%

The current 90-days correlation between Sterling Capital Equity and Dodge Cox Stock is -0.09 (i.e., Good diversification). The correlation of Sterling Capital 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.

Sterling Capital Correlation With Market

Very poor diversification

The correlation between Sterling Capital Equity 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 Sterling Capital Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sterling Capital Equity. 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 Sterling Mutual Fund

0.79	STRSX	Sterling Capital Special	Pair Corr
0.86	STSCX	Sterling Capital Stratton	Pair Corr
0.86	STSOX	Sterling Capital Stratton	Pair Corr
0.86	STSNX	Sterling Capital Stratton	Pair Corr
1.0	STREX	Sterling Capital Equity	Pair Corr
0.87	STRGX	Sterling Capital Stratton	Pair Corr
0.88	STRBX	Sterling Capital Beh	Pair Corr
0.88	STRNX	Sterling Capital Stratton	Pair Corr
0.88	STRMX	Sterling Capital Mid	Pair Corr
0.87	STRLX	Sterling Capital Stratton	Pair Corr
0.83	BBISX	Sterling Capital Beh	Pair Corr
0.86	SCSIX	Sentinel Multi Asset	Pair Corr
0.83	BBTGX	Sterling Capital Beh	Pair Corr
0.88	OVEIX	Sterling Capital Mid	Pair Corr

Moving against Sterling Mutual Fund

0.43	BBGVX	Sterling Capital Int	Pair Corr
0.41	STRDX	Sterling Capital Total	Pair Corr
0.38	SBIDX	Sterling Capital Beh	Pair Corr
0.37	SBIIX	Sterling Capital Beh	Pair Corr
0.37	SCCNX	Sterling Capital Porate	Pair Corr
0.36	SBIAX	Sterling Capital Beh	Pair Corr
0.36	STRCX	Sterling Capital Beh	Pair Corr
0.36	SCCMX	Sterling Capital Porate	Pair Corr
0.35	STRFX	Wells Fargo Large	Pair Corr
0.35	SCCPX	Sterling Capital Porate	Pair Corr
0.31	BBNCX	Sterling Capital North	Pair Corr
0.46	BIUCX	Sterling Capital Int	Pair Corr
0.44	SCSSX	Sterling Capital Sec	Pair Corr
0.44	BGVAX	Sterling Capital Int	Pair Corr
0.43	SCSTX	Sterling Capital Sec	Pair Corr
0.43	SCSPX	Sterling Capital Sec	Pair Corr
0.43	BICCX	Sterling Capital Total	Pair Corr
0.41	BICAX	Sterling Capital Total	Pair Corr
0.41	BIBTX	Sterling Capital Total	Pair Corr
0.33	BVACX	Sterling Capital Virginia	Pair Corr

Related Correlations Analysis

	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	VIVAX
DOXGX		0.81	0.8	0.81	0.8	0.86	0.85	0.89	DOXGX
AFMFX	0.81		1.0	1.0	1.0	0.92	0.92	0.96	AFMFX
FFMMX	0.8	1.0		1.0	1.0	0.92	0.92	0.96	FFMMX
FFFMX	0.81	1.0	1.0		1.0	0.92	0.92	0.96	FFFMX
AMRMX	0.8	1.0	1.0	1.0		0.92	0.92	0.96	AMRMX
AMFFX	0.86	0.92	0.92	0.92	0.92		1.0	0.88	AMFFX
AMFCX	0.85	0.92	0.92	0.92	0.92	1.0		0.88	AMFCX
VIVAX	0.89	0.96	0.96	0.96	0.96	0.88	0.88		VIVAX
	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	VIVAX

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Risk-Adjusted Indicators

There is a big difference between Sterling Mutual Fund performing well and Sterling Capital 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 Sterling Capital'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
DOXGX	0.52	0.09	(0.05)	(1.61)	0.45	(0.59)	0.94	(0.93)	4.22
AFMFX	0.46	(0.02)	(0.11)	0.09	0.43	(0.51)	0.90	(0.86)	2.68
FFMMX	0.46	(0.02)	(0.11)	0.09	0.43	(0.51)	0.90	(0.86)	2.66
FFFMX	0.45	(0.02)	(0.11)	0.09	0.42	(0.51)	0.90	(0.86)	2.68
AMRMX	0.45	(0.02)	(0.11)	0.09	0.43	(0.51)	0.91	(0.86)	2.66
AMFFX	0.45	0.05	(0.12)	2.39	0.43	(0.50)	0.90	(0.86)	2.68
AMFCX	0.45	0.05	(0.13)	2.07	0.43	(0.50)	0.90	(0.88)	2.68
VIVAX	0.51	(0.01)	(0.05)	0.11	0.38	(0.60)	1.05	(0.83)	3.45

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