Sterling Capital Correlations

STRMX Fund

USD 17.37 0.28 1.64%

The current 90-days correlation between Sterling Capital Mid and Sterling Capital Equity is 0.84 (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 poor diversification

The correlation between Sterling Capital Mid and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Mid 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 Mid. 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

0.83	BAEIX	Sterling Capital Equity	Pair Corr
0.77	STRSX	Sterling Capital Special	Pair Corr
0.88	STSCX	Sterling Capital Stratton	Pair Corr
0.88	STSOX	Sterling Capital Stratton	Pair Corr
0.88	STSNX	Sterling Capital Stratton	Pair Corr
0.83	STREX	Sterling Capital Equity	Pair Corr
0.82	STRGX	Sterling Capital Stratton	Pair Corr
0.93	STRBX	Sterling Capital Beh	Pair Corr
0.81	STRAX	Stralem Equity	Pair Corr
0.83	STRNX	Sterling Capital Stratton	Pair Corr
0.82	STRLX	Sterling Capital Stratton	Pair Corr
0.81	BBISX	Sterling Capital Beh	Pair Corr
0.82	SCSIX	Sentinel Multi Asset	Pair Corr
0.81	BBTGX	Sterling Capital Beh	Pair Corr

Moving against Sterling Mutual Fund

0.45	STRFX	Wells Fargo Large	Pair Corr
0.38	BSCCX	Sterling Capital South	Pair Corr
0.35	SBIDX	Sterling Capital Beh	Pair Corr
0.35	BSCIX	Sterling Capital South	Pair Corr
0.34	SBIAX	Sterling Capital Beh	Pair Corr
0.34	SBIIX	Sterling Capital Beh	Pair Corr
0.34	BASCX	Sterling Capital South	Pair Corr
0.53	BBGVX	Sterling Capital Int	Pair Corr
0.51	STRDX	Sterling Capital Total	Pair Corr
0.45	SCCNX	Sterling Capital Porate	Pair Corr
0.44	SCCMX	Sterling Capital Porate	Pair Corr
0.44	SCCPX	Sterling Capital Porate	Pair Corr
0.41	BBNCX	Sterling Capital North	Pair Corr
0.38	BBNTX	Sterling Capital North	Pair Corr
0.34	STRCX	Sterling Capital Beh	Pair Corr
0.52	SCSSX	Sterling Capital Sec	Pair Corr
0.52	SCSTX	Sterling Capital Sec	Pair Corr
0.52	SCSPX	Sterling Capital Sec	Pair Corr
0.43	BVACX	Sterling Capital Virginia	Pair Corr
0.4	BVAAX	Sterling Capital Virginia	Pair Corr
0.36	BVATX	Sterling Capital Virginia	Pair Corr

Related Correlations Analysis

	BAEIX	SBIAX	SBIDX	SBIIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX
BAEIX		-0.25	-0.27	-0.25	-0.23	-0.29	-0.2	0.22	0.22	0.21	BAEIX
SBIAX	-0.25		1.0	1.0	0.57	0.64	0.57	0.1	0.1	0.11	SBIAX
SBIDX	-0.27	1.0		1.0	0.57	0.65	0.58	0.08	0.1	0.11	SBIDX
SBIIX	-0.25	1.0	1.0		0.57	0.64	0.57	0.1	0.1	0.11	SBIIX
BSCIX	-0.23	0.57	0.57	0.57		0.98	0.99	0.45	0.34	0.35	BSCIX
BSCCX	-0.29	0.64	0.65	0.64	0.98		0.98	0.35	0.33	0.34	BSCCX
BASCX	-0.2	0.57	0.58	0.57	0.99	0.98		0.43	0.32	0.32	BASCX
BSGAX	0.22	0.1	0.08	0.1	0.45	0.35	0.43		0.55	0.55	BSGAX
STMDX	0.22	0.1	0.1	0.1	0.34	0.33	0.32	0.55		1.0	STMDX
STMMX	0.21	0.11	0.11	0.11	0.35	0.34	0.32	0.55	1.0		STMMX
	BAEIX	SBIAX	SBIDX	SBIIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX

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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

SBIDX	+ 1.0	SBIAX
SBIIX	+ 1.0	SBIAX
SBIIX	+ 1.0	SBIDX
STMMX	+ 1.0	STMDX
BASCX	+ 0.99	BSCIX
BSCCX	+ 0.98	BSCIX

High negative correlations

BSCCX	- 0.29	BAEIX
SBIDX	- 0.27	BAEIX
SBIIX	- 0.25	BAEIX
SBIAX	- 0.25	BAEIX
BSCIX	- 0.23	BAEIX
BASCX	- 0.2	BAEIX

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
BAEIX	0.51	(0.04)	(0.12)	0.07	0.48	(0.59)	0.99	(0.93)	3.37
SBIAX	0.64	(0.06)	0.00	3.26	0.00	0.00	1.37	(1.63)	3.67
SBIDX	0.64	(0.07)	0.00	4.23	0.00	0.00	1.37	(1.64)	3.67
SBIIX	0.65	(0.06)	0.00	2.36	0.00	0.00	1.36	(1.62)	3.67
BSCIX	0.10	(0.01)	0.00	(0.40)	0.00	0.00	0.19	(0.19)	0.86
BSCCX	0.10	(0.02)	0.00	(0.48)	0.00	0.00	0.19	(0.28)	0.96
BASCX	0.09	(0.02)	0.00	(0.35)	0.00	0.00	0.19	(0.19)	0.95
BSGAX	0.09	0.00	(0.74)	(0.42)	0.00	(0.16)	0.24	(0.12)	0.72
STMDX	0.66	0.05	(0.06)	0.45	0.69	(0.72)	1.35	(1.12)	3.85
STMMX	0.67	0.05	(0.06)	0.46	0.69	(0.72)	1.35	(1.13)	3.84

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