Sterling Capital Correlations

BBISX Fund

USD 31.81 0.18 0.56%

The current 90-days correlation between Sterling Capital Beh and Morningstar Defensive Bond is 0.01 (i.e., Significant 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 weak diversification

The correlation between Sterling Capital Behavioral and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Behavioral 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 Behavioral. 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 state.

Moving together with Sterling Mutual Fund

0.66	BAEIX	Sterling Capital Equity	Pair Corr
0.65	STMDX	Sterling Capital Stratton	Pair Corr
0.64	STMMX	Sterling Capital Stratton	Pair Corr
0.67	STMOX	Sterling Capital Stratton	Pair Corr
0.69	STRSX	Sterling Capital Special	Pair Corr
0.62	STSOX	Sterling Capital Stratton	Pair Corr
0.67	STSNX	Sterling Capital Stratton	Pair Corr
0.66	STREX	Sterling Capital Equity	Pair Corr
0.66	STRGX	Sterling Capital Stratton	Pair Corr
0.73	STRBX	Sterling Capital Beh	Pair Corr
0.77	STRAX	Stralem Equity	Pair Corr
0.65	STRNX	Sterling Capital Stratton	Pair Corr
0.75	STRMX	Sterling Capital Mid	Pair Corr
0.7	STRLX	Sterling Capital Stratton	Pair Corr
0.61	SCCNX	Sterling Capital Porate	Pair Corr
0.61	SCCMX	Sterling Capital Porate	Pair Corr
0.63	SCSIX	Sentinel Multi Asset	Pair Corr
0.68	SCREX	Mfs Variable Insurance	Pair Corr
0.78	BBTGX	Sterling Capital Beh	Pair Corr

Moving against Sterling Mutual Fund

0.34	BUSRX	Sterling Capital Ultra	Pair Corr
0.31	BUSIX	Sterling Capital Ultra	Pair Corr

Related Correlations Analysis

	MSTBX	FCSCX	TTRBX	TSDCX	PRVBX	ARTFX	GMCDX
MSTBX		0.74	0.72	0.74	0.72	0.86	0.88	MSTBX
FCSCX	0.74		0.39	0.95	0.51	0.83	0.74	FCSCX
TTRBX	0.72	0.39		0.31	0.74	0.57	0.55	TTRBX
TSDCX	0.74	0.95	0.31		0.42	0.88	0.78	TSDCX
PRVBX	0.72	0.51	0.74	0.42		0.61	0.65	PRVBX
ARTFX	0.86	0.83	0.57	0.88	0.61		0.93	ARTFX
GMCDX	0.88	0.74	0.55	0.78	0.65	0.93		GMCDX
	MSTBX	FCSCX	TTRBX	TSDCX	PRVBX	ARTFX	GMCDX

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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
MSTBX	0.10	0.00	(0.41)	(2.01)	0.00	(0.14)	0.21	(0.21)	0.62
FCSCX	0.06	0.00	(0.45)	0.20	0.00	(0.25)	0.13	(0.13)	0.67
TTRBX	0.15	(0.01)	(0.37)	(0.09)	0.14	(0.20)	0.41	(0.30)	1.01
TSDCX	0.05	0.01	0.00	3.49	0.00	0.00	0.11	(0.11)	0.66
PRVBX	0.10	0.00	(0.61)	(0.03)	0.04	(0.13)	0.25	(0.19)	0.58
ARTFX	0.11	0.00	(0.21)	0.00	0.00	(0.18)	0.44	(0.22)	1.10
GMCDX	0.24	0.05	(0.05)	1.52	0.03	(0.30)	0.46	(0.41)	2.04

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