Sterling Capital Correlations

Mutual Funds USA . 
Fund . Sterling Capital Total
BICCX Fund  USD 9.38  0.02  0.21%   
The current 90-days correlation between Sterling Capital Total and Sterling Capital Equity is -0.04 (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

Good diversification

The correlation between Sterling Capital Total and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Total 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 Total. 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 main economic indicators.

Moving together with Sterling Mutual Fund

  0.74SBIAX Sterling Capital BehPairCorr
  0.75SBIDX Sterling Capital BehPairCorr
  0.74SBIIX Sterling Capital BehPairCorr
  0.83BSCIX Sterling Capital SouthPairCorr
  0.89BSCCX Sterling Capital SouthPairCorr
  0.81BASCX Sterling Capital SouthPairCorr
  0.99STRFX Wells Fargo LargePairCorr
  1.0STRDX Sterling Capital TotalPairCorr
  0.74STRCX Sterling Capital BehPairCorr
  0.99SCCNX Sterling Capital PoratePairCorr
  0.99SCCMX Sterling Capital PoratePairCorr
  0.99SCCPX Sterling Capital PoratePairCorr
  1.0BBGVX Sterling Capital IntPairCorr
  0.87BBNTX Sterling Capital NorthPairCorr
  0.86BBNCX Sterling Capital NorthPairCorr
  0.62BBSCX Sterling Capital ShortPairCorr
  1.0SCSSX Sterling Capital SecPairCorr
  1.0SCSTX Sterling Capital SecPairCorr
  1.0SCSPX Sterling Capital SecPairCorr

Moving against Sterling Mutual Fund

  0.77STRSX Sterling Capital SpecialPairCorr
  0.73STSCX Sterling Capital StrattonPairCorr
  0.72STSOX Sterling Capital StrattonPairCorr
  0.72STSNX Sterling Capital StrattonPairCorr
  0.42STREX Sterling Capital EquityPairCorr
  0.4BAEIX Sterling Capital EquityPairCorr
  0.76STRAX Stralem EquityPairCorr
  0.76BBISX Sterling Capital BehPairCorr
  0.73SCSIX Sentinel Multi AssetPairCorr
  0.69STRGX Sterling Capital StrattonPairCorr
  0.69STRNX Sterling Capital StrattonPairCorr
  0.69STRLX Sterling Capital StrattonPairCorr
  0.65STRBX Sterling Capital BehPairCorr
  0.48STRMX Sterling Capital MidPairCorr
  0.75BBTGX Sterling Capital BehPairCorr
  0.75BCVCX Sterling Capital BehPairCorr
  0.72BUSIX Sterling Capital UltraPairCorr
  0.71BUSRX Sterling Capital UltraPairCorr
  0.48OVEIX Sterling Capital MidPairCorr
  0.47OVEAX Sterling Capital MidPairCorr

Related Correlations Analysis

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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   
SBIDX
+ 1.0
SBIAX
SBIIX
+ 1.0
SBIAX
SBIIX
+ 1.0
SBIDX
STMMX
+ 1.0
STMDX
BSCCX
+ 0.99
BSCIX
BASCX
+ 0.99
BSCIX
  
High negative correlations   
SBIDX
- 0.42
BAEIX
SBIIX
- 0.41
BAEIX
SBIAX
- 0.41
BAEIX
BSCCX
- 0.21
BAEIX
BSCIX
- 0.16
BAEIX
BASCX
- 0.13
BAEIX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BAEIX  0.51 (0.04)(0.11) 0.08  0.47 
(0.56)
 0.99 
(0.93)
 3.37 
SBIAX  0.65 (0.11) 0.00 (0.18) 0.00 
 0.00 
 1.17 
(1.63)
 3.67 
SBIDX  0.64 (0.11) 0.00 (0.19) 0.00 
 0.00 
 1.18 
(1.64)
 3.67 
SBIIX  0.65 (0.11) 0.00 (0.18) 0.00 
 0.00 
 1.17 
(1.62)
 3.67 
BSCIX  0.11  0.01 (0.52) 0.02  0.12 
(0.16)
 0.19 
(0.19)
 0.86 
BSCCX  0.10  0.00 (0.51) 0.07  0.13 
(0.16)
 0.19 
(0.28)
 0.96 
BASCX  0.10  0.01 (0.47) 0.02  0.13 
(0.16)
 0.19 
(0.19)
 0.95 
BSGAX  0.09  0.00 (0.79)(0.40) 0.00 
(0.15)
 0.24 
(0.12)
 0.72 
STMDX  0.66  0.05 (0.08) 0.53  0.71 
(0.70)
 1.17 
(1.12)
 3.43 
STMMX  0.67  0.05 (0.08) 0.54  0.72 
(0.70)
 1.20 
(1.13)
 3.44 

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