Sterling Capital Correlations

STMMX Fund

USD 35.32 0.11 0.31%

The current 90-days correlation between Sterling Capital Stratton and Growth Portfolio Class is 0.07 (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

Weak diversification

The correlation between Sterling Capital Stratton and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Stratton and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sterling Capital Stratton. 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 population.

Moving together with Sterling Mutual Fund

0.78	O	Realty Income	Pair Corr
0.7	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.81	HR	Healthcare Realty Trust	Pair Corr
0.9	KW	Kennedy Wilson Holdings	Pair Corr
0.82	UE	Urban Edge Properties	Pair Corr
0.84	WY	Weyerhaeuser	Pair Corr
0.84	ADC-PA	Agree Realty	Pair Corr
0.83	DOUG	Douglas Elliman	Pair Corr
0.95	VICI	VICI Properties	Pair Corr
0.85	ELME	Elme Communities	Pair Corr
0.8	EPRT	Essential Properties	Pair Corr
0.71	WELL	Welltower	Pair Corr
0.76	ESBA	Empire State Realty	Pair Corr
0.82	ESRT	Empire State Realty	Pair Corr
0.7	WHLR	Wheeler Real Estate	Pair Corr
0.86	EXPI	eXp World Holdings	Pair Corr

Moving against Sterling Mutual Fund

0.55	DX	Dynex Capital	Pair Corr
0.68	MITT-PC	AG Mortgage Investment	Pair Corr
0.54	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	MSEQX	DIHRX	SCYVX	DFVEX	PRVBX	OPTCX	CNGLX
MSEQX		-0.2	0.12	0.42	0.24	0.91	-0.12	MSEQX
DIHRX	-0.2		0.4	0.38	0.7	-0.21	0.73	DIHRX
SCYVX	0.12	0.4		0.89	0.26	0.2	0.88	SCYVX
DFVEX	0.42	0.38	0.89		0.46	0.51	0.74	DFVEX
PRVBX	0.24	0.7	0.26	0.46		0.27	0.39	PRVBX
OPTCX	0.91	-0.21	0.2	0.51	0.27		-0.09	OPTCX
CNGLX	-0.12	0.73	0.88	0.74	0.39	-0.09		CNGLX
	MSEQX	DIHRX	SCYVX	DFVEX	PRVBX	OPTCX	CNGLX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

OPTCX	+ 0.91	MSEQX
DFVEX	+ 0.89	SCYVX
CNGLX	+ 0.88	SCYVX
CNGLX	+ 0.74	DFVEX
CNGLX	+ 0.73	DIHRX
PRVBX	+ 0.7	DIHRX

High negative correlations

OPTCX	- 0.21	DIHRX
DIHRX	- 0.2	MSEQX
CNGLX	- 0.12	MSEQX
CNGLX	- 0.09	OPTCX

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
MSEQX	1.43	0.50	0.24	(4.94)	1.27	(1.72)	3.23	(1.96)	12.69
DIHRX	0.54	(0.03)	(0.11)	(0.01)	0.74	(0.58)	1.16	(1.15)	3.90
SCYVX	0.89	(0.02)	(0.05)	0.06	1.14	(0.98)	1.73	(1.48)	9.85
DFVEX	0.61	0.02	(0.03)	0.14	0.76	(0.68)	1.07	(1.06)	7.28
PRVBX	0.10	(0.01)	(0.80)	(0.04)	0.05	(0.13)	0.25	(0.19)	0.58
OPTCX	0.13	0.02	(0.29)	0.54	0.00	(0.22)	0.31	(0.31)	1.35
CNGLX	0.55	(0.04)	0.00	(0.04)	0.00	0.00	1.17	(1.34)	5.09

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC