Sterling Capital Correlations

BUSRX Fund

USD 9.84 0.00 0.00%

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 Ultra and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Ultra 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 Ultra. 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 Sterling Mutual Fund

0.92	BSGAX	Sterling Capital Short	Pair Corr
0.89	BBSCX	Sterling Capital Short	Pair Corr
0.63	BBSGX	Sterling Capital Short	Pair Corr

Moving against Sterling Mutual Fund

0.8	BAEIX	Sterling Capital Equity	Pair Corr
0.8	STMMX	Sterling Capital Stratton	Pair Corr
0.8	STMOX	Sterling Capital Stratton	Pair Corr
0.8	STSNX	Sterling Capital Stratton	Pair Corr
0.8	STREX	Sterling Capital Equity	Pair Corr
0.79	STMDX	Sterling Capital Stratton	Pair Corr
0.79	STSOX	Sterling Capital Stratton	Pair Corr
0.73	STRSX	Sterling Capital Special	Pair Corr
0.66	STSCX	Sterling Capital Stratton	Pair Corr
0.49	STRFX	Wells Fargo Large	Pair Corr
0.79	SCSIX	Sentinel Multi Asset	Pair Corr
0.78	STRLX	Sterling Capital Stratton	Pair Corr
0.77	STRGX	Sterling Capital Stratton	Pair Corr
0.77	STRNX	Sterling Capital Stratton	Pair Corr
0.76	STRBX	Sterling Capital Beh	Pair Corr
0.74	STRMX	Sterling Capital Mid	Pair Corr
0.53	SCCNX	Sterling Capital Porate	Pair Corr
0.53	SCCMX	Sterling Capital Porate	Pair Corr
0.49	SCCPX	Sterling Capital Porate	Pair Corr
0.34	BBISX	Sterling Capital Beh	Pair Corr
0.8	SCREX	Mfs Variable Insurance	Pair Corr
0.8	BCEGX	Sterling Capital Equity	Pair Corr
0.77	OVECX	Sterling Capital Mid	Pair Corr
0.74	OVEAX	Sterling Capital Mid	Pair Corr
0.65	OVEIX	Sterling Capital Mid	Pair Corr
0.36	BCVCX	Sterling Capital Beh	Pair Corr

Related Correlations Analysis

	RETSX	DFVEX	WRLDX	LANIX	HSUAX	OPTCX	BXDCX
RETSX		0.92	0.57	0.64	0.8	0.61	0.4	RETSX
DFVEX	0.92		0.77	0.69	0.56	0.41	0.16	DFVEX
WRLDX	0.57	0.77		0.8	0.14	-0.1	-0.3	WRLDX
LANIX	0.64	0.69	0.8		0.33	0.14	-0.22	LANIX
HSUAX	0.8	0.56	0.14	0.33		0.8	0.76	HSUAX
OPTCX	0.61	0.41	-0.1	0.14	0.8		0.81	OPTCX
BXDCX	0.4	0.16	-0.3	-0.22	0.76	0.81		BXDCX
	RETSX	DFVEX	WRLDX	LANIX	HSUAX	OPTCX	BXDCX

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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

DFVEX	+ 0.92	RETSX
BXDCX	+ 0.81	OPTCX
HSUAX	+ 0.8	RETSX
LANIX	+ 0.8	WRLDX
OPTCX	+ 0.8	HSUAX
WRLDX	+ 0.77	DFVEX

High negative correlations

BXDCX	- 0.3	WRLDX
BXDCX	- 0.22	LANIX
OPTCX	- 0.1	WRLDX

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
RETSX	0.59	0.02	(0.03)	0.12	0.80	(0.61)	1.19	(1.46)	5.40
DFVEX	0.62	0.02	(0.02)	0.12	0.78	(0.68)	1.07	(1.06)	7.28
WRLDX	0.53	(0.01)	(0.09)	(0.03)	0.82	(0.52)	0.91	(1.29)	4.44
LANIX	0.60	0.00	(0.05)	0.12	1.14	(0.55)	1.18	(1.43)	6.18
HSUAX	0.70	0.14	0.08	0.48	0.88	(0.75)	1.31	(1.20)	6.61
OPTCX	0.13	0.02	(0.20)	1.45	0.00	(0.22)	0.31	(0.31)	1.35
BXDCX	0.09	0.01	(0.50)	(0.40)	0.00	(0.17)	0.33	(0.11)	0.54

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