Sterling Capital Correlations

STREX Fund

USD 22.53 0.14 0.63%

The current 90-days correlation between Sterling Capital Equity and Vanguard Short Term Government is 0.06 (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

Average diversification

The correlation between Sterling Capital Equity and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Equity 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 Equity. 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 income.

Moving together with Sterling Mutual Fund

0.96	STMDX	Sterling Capital Stratton	Pair Corr
0.96	STMOX	Sterling Capital Stratton	Pair Corr
0.96	STRSX	Sterling Capital Special	Pair Corr
0.99	STSCX	Sterling Capital Stratton	Pair Corr
0.71	STRFX	Wells Fargo Large	Pair Corr
0.99	STRGX	Sterling Capital Stratton	Pair Corr
0.92	STRBX	Sterling Capital Beh	Pair Corr
0.99	STRNX	Sterling Capital Stratton	Pair Corr
0.97	STRMX	Sterling Capital Mid	Pair Corr
0.73	SCCNX	Sterling Capital Porate	Pair Corr
0.62	BBISX	Sterling Capital Beh	Pair Corr
0.96	SCREX	Mfs Variable Insurance	Pair Corr
0.63	BBTGX	Sterling Capital Beh	Pair Corr
0.97	OVEIX	Sterling Capital Mid	Pair Corr
0.98	OVECX	Sterling Capital Mid	Pair Corr
0.97	OVEAX	Sterling Capital Mid	Pair Corr
1.0	BCEGX	Sterling Capital Equity	Pair Corr
1.0	BEGIX	Sterling Capital Equity	Pair Corr
0.96	BOPIX	Sterling Capital Special	Pair Corr
0.97	BOPAX	Sterling Capital Special	Pair Corr
0.93	SPSDX	Sterling Capital Beh	Pair Corr
0.79	VVIAX	Vanguard Value Index	Pair Corr
0.76	DOXGX	Dodge Cox Stock	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.9	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr

Moving against Sterling Mutual Fund

0.77	BUSRX	Sterling Capital Ultra	Pair Corr
0.61	BSGAX	Sterling Capital Short	Pair Corr
0.55	COGVX	Cognios Large Cap	Pair Corr

Related Correlations Analysis

	VSBSX	DNCGX	DVPXX	TWARX	SIGVX	SMAAX
VSBSX		-0.01	0.13	0.9	0.76	0.2	VSBSX
DNCGX	-0.01		-0.26	0.15	-0.3	0.85	DNCGX
DVPXX	0.13	-0.26		0.15	0.64	-0.1	DVPXX
TWARX	0.9	0.15	0.15		0.73	0.33	TWARX
SIGVX	0.76	-0.3	0.64	0.73		0.01	SIGVX
SMAAX	0.2	0.85	-0.1	0.33	0.01		SMAAX
	VSBSX	DNCGX	DVPXX	TWARX	SIGVX	SMAAX

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

TWARX	+ 0.9	VSBSX
SMAAX	+ 0.85	DNCGX
SIGVX	+ 0.76	VSBSX
SIGVX	+ 0.73	TWARX
SIGVX	+ 0.64	DVPXX
SMAAX	+ 0.33	TWARX

High negative correlations

SIGVX	- 0.3	DNCGX
DVPXX	- 0.26	DNCGX
SMAAX	- 0.1	DVPXX
DNCGX	- 0.01	VSBSX

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
VSBSX	0.06	0.00	(0.23)	(0.28)	0.00	(0.09)	0.16	(0.10)	0.41
DNCGX	0.22	(0.02)	0.00	(0.42)	0.00	0.00	0.40	(0.48)	1.20
DVPXX	0.03	0.01	0.00	(0.96)	0.00	0.00	0.00	0.00	1.01
TWARX	0.07	(0.01)	(0.21)	(0.58)	0.04	(0.17)	0.22	(0.11)	0.67
SIGVX	0.06	0.01	(0.09)	3.48	0.00	(0.20)	0.10	(0.10)	0.61
SMAAX	0.16	(0.03)	0.00	(0.71)	0.00	0.00	0.20	(0.39)	1.40

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