Sterling Capital Correlations

BVAAX Fund

USD 11.10 0.01 0.09%

The current 90-days correlation between Sterling Capital Virginia and Virginia Bond Fund is 0.83 (i.e., Very poor 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 good diversification

The correlation between Sterling Capital Virginia and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Virginia 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 Virginia. 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 nation.

Moving together with STERLING Mutual Fund

0.62	SBIDX	Sterling Capital Beh	Pair Corr
0.61	SBIIX	Sterling Capital Beh	Pair Corr
0.99	BSCIX	Sterling Capital South	Pair Corr
0.95	BSCCX	Sterling Capital South	Pair Corr
0.93	BASCX	Sterling Capital South	Pair Corr
0.9	STRFX	Wells Fargo Large	Pair Corr
0.9	STRDX	Sterling Capital Total	Pair Corr
0.61	STRCX	Sterling Capital Beh	Pair Corr
0.89	SCCNX	Sterling Capital Porate	Pair Corr
0.89	SCCMX	Sterling Capital Porate	Pair Corr
0.9	SCCPX	Sterling Capital Porate	Pair Corr
0.89	BBGVX	Sterling Capital Int	Pair Corr
0.99	BBNTX	Sterling Capital North	Pair Corr
0.95	BBNCX	Sterling Capital North	Pair Corr
0.64	BBSCX	Sterling Capital Short	Pair Corr
0.87	SCSSX	Sterling Capital Sec	Pair Corr
0.88	SCSTX	Sterling Capital Sec	Pair Corr
0.88	SCSPX	Sterling Capital Sec	Pair Corr

Moving against STERLING Mutual Fund

0.62	STRSX	Sterling Capital Special	Pair Corr
0.57	STSCX	Sterling Capital Stratton	Pair Corr
0.57	STSOX	Sterling Capital Stratton	Pair Corr
0.57	STSNX	Sterling Capital Stratton	Pair Corr
0.57	BBISX	Sterling Capital Beh	Pair Corr
0.51	STRGX	Sterling Capital Stratton	Pair Corr
0.5	STRNX	Sterling Capital Stratton	Pair Corr
0.5	STRLX	Sterling Capital Stratton	Pair Corr
0.49	STRBX	Sterling Capital Beh	Pair Corr
0.37	STRMX	Sterling Capital Mid	Pair Corr
0.62	BOPIX	Sterling Capital Special	Pair Corr
0.62	BOPCX	Sterling Capital Special	Pair Corr
0.62	BOPAX	Sterling Capital Special	Pair Corr
0.57	SCSIX	Sentinel Multi Asset	Pair Corr
0.57	BBTGX	Sterling Capital Beh	Pair Corr
0.57	BCVCX	Sterling Capital Beh	Pair Corr
0.49	SPSDX	Sterling Capital Beh	Pair Corr
0.46	BUSIX	Sterling Capital Ultra	Pair Corr
0.45	BUSRX	Sterling Capital Ultra	Pair Corr

Related Correlations Analysis

	USVAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP
USVAX		0.14	0.0	-0.17	0.03	0.42	0.76	-0.22	0.02	USVAX
444859BR2	0.14		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.17	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	BRRAY
MSTSX	0.03	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	MSTSX
LBHIX	0.42	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	LBHIX
ABHYX	0.76	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	ABHYX
SCAXF	-0.22	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	SCAXF
VIASP	0.02	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		VIASP
	USVAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP

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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

ABHYX	+ 0.76	USVAX
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.51	LBHIX
LBHIX	+ 0.42	USVAX
SCAXF	+ 0.41	444859BR2
ABHYX	+ 0.34	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
MSTSX	- 0.45	BRRAY
VIASP	- 0.41	444859BR2
ABHYX	- 0.4	BRRAY

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
USVAX	0.18	0.02	(0.28)	(0.12)	0.22	(0.26)	0.38	(0.38)	1.72
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18

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