Sterling Capital Correlations

STRDX Fund

USD 9.20 0.02 0.22%

The current 90-days correlation between Sterling Capital Total and Wealthbuilder Conservative Allocation is 0.68 (i.e., 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

Average diversification

The correlation between Sterling Capital Total and DJI is 0.17 (i.e., Average 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 World Market Map 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 unemployment.

Moving together with Sterling Mutual Fund

0.65	SBIAX	Sterling Capital Beh	Pair Corr
0.65	SBIIX	Sterling Capital Beh	Pair Corr
0.87	BSCIX	Sterling Capital South	Pair Corr
0.87	BASCX	Sterling Capital South	Pair Corr
0.85	STRFX	Wells Fargo Large	Pair Corr
0.88	BBNCX	Sterling Capital North	Pair Corr
0.9	SCSPX	Sterling Capital Sec	Pair Corr
0.86	BVATX	Sterling Capital Virginia	Pair Corr
0.86	BWVCX	Sterling Capital West	Pair Corr
0.84	BWVAX	Sterling Capital West	Pair Corr
0.99	BICCX	Sterling Capital Total	Pair Corr
0.82	BIBTX	Sterling Capital Total	Pair Corr
0.78	VBTLX	Vanguard Total Bond	Pair Corr
0.86	VBMFX	Vanguard Total Bond	Pair Corr
0.86	VBTIX	Vanguard Total Bond	Pair Corr
0.86	VTBSX	Vanguard Total Bond	Pair Corr
0.86	VTBIX	Vanguard Total Bond	Pair Corr
0.86	VTBNX	Vanguard Total Bond	Pair Corr
0.84	BFAFX	Bond Fund	Pair Corr
0.84	ABNDX	Bond Fund	Pair Corr

Related Correlations Analysis

	WCAFX	MBLAX	VYRPX	BICPX	DLTZX	TLSHX	JDJCX	SRDAX
WCAFX		0.9	0.92	0.98	0.16	0.97	-0.09	-0.34	WCAFX
MBLAX	0.9		0.83	0.89	0.01	0.9	-0.27	-0.43	MBLAX
VYRPX	0.92	0.83		0.96	0.43	0.96	0.07	-0.02	VYRPX
BICPX	0.98	0.89	0.96		0.24	0.98	-0.06	-0.26	BICPX
DLTZX	0.16	0.01	0.43	0.24		0.27	0.63	0.77	DLTZX
TLSHX	0.97	0.9	0.96	0.98	0.27		-0.01	-0.22	TLSHX
JDJCX	-0.09	-0.27	0.07	-0.06	0.63	-0.01		0.55	JDJCX
SRDAX	-0.34	-0.43	-0.02	-0.26	0.77	-0.22	0.55		SRDAX
	WCAFX	MBLAX	VYRPX	BICPX	DLTZX	TLSHX	JDJCX	SRDAX

Click cells to compare fundamentals

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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

BICPX	+ 0.98	WCAFX
TLSHX	+ 0.98	BICPX
TLSHX	+ 0.97	WCAFX
BICPX	+ 0.96	VYRPX
TLSHX	+ 0.96	VYRPX
VYRPX	+ 0.92	WCAFX

High negative correlations

SRDAX	- 0.43	MBLAX
SRDAX	- 0.34	WCAFX
JDJCX	- 0.27	MBLAX
SRDAX	- 0.26	BICPX
SRDAX	- 0.22	TLSHX
JDJCX	- 0.09	WCAFX

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
WCAFX	0.27	(0.03)	0.00	(0.15)	0.00	0.00	0.57	(0.57)	2.16
MBLAX	0.24	(0.01)	(0.09)	(0.06)	0.33	(0.29)	0.46	(0.31)	1.79
VYRPX	0.18	(0.01)	0.00	(0.09)	0.00	0.00	0.39	(0.39)	1.74
BICPX	0.24	(0.02)	0.00	(0.12)	0.00	0.00	0.54	(0.54)	1.90
DLTZX	0.08	0.00	(0.15)	(0.13)	0.00	(0.20)	0.26	(0.13)	0.64
TLSHX	0.26	(0.01)	(0.07)	(0.03)	0.37	(0.28)	0.55	(0.54)	1.95
JDJCX	0.39	0.03	0.02	0.57	0.38	(0.50)	0.90	(0.78)	2.13
SRDAX	0.15	0.04	0.05	5.98	0.00	(0.21)	0.38	(0.29)	1.05

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