Sterling Capital Correlations

BEGIX Fund

USD 29.54 0.06 0.20%

The current 90-days correlation between Sterling Capital Equity and Sterling Capital Special is 0.72 (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

Very poor diversification

The correlation between Sterling Capital Equity and DJI is 0.87 (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 Equity 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 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 gross domestic product.

Moving together with Sterling Mutual Fund

1.0	BAEIX	Sterling Capital Equity	Pair Corr
0.85	STRAX	Stralem Equity	Pair Corr
0.89	STRNX	Sterling Capital Stratton	Pair Corr
0.85	BBISX	Sterling Capital Beh	Pair Corr
0.87	SCSIX	Sentinel Multi Asset	Pair Corr
0.85	BBTGX	Sterling Capital Beh	Pair Corr
0.91	OVEIX	Sterling Capital Mid	Pair Corr
0.91	OVEAX	Sterling Capital Mid	Pair Corr
0.81	BOPIX	Sterling Capital Special	Pair Corr
0.89	SPSAX	Sterling Capital Beh	Pair Corr
0.9	VVIAX	Vanguard Value Index	Pair Corr
0.87	DOXGX	Dodge Cox Stock	Pair Corr
0.84	AFMFX	American Mutual	Pair Corr
0.84	FFMMX	American Funds American	Pair Corr
0.84	FFFMX	American Funds American	Pair Corr
0.84	AMRMX	American Mutual	Pair Corr
0.84	AMFFX	American Mutual	Pair Corr
0.84	AMFCX	American Mutual	Pair Corr
0.87	DODGX	Dodge Stock Fund	Pair Corr
0.9	VIVAX	Vanguard Value Index	Pair Corr

Moving against Sterling Mutual Fund

0.45	BIUCX	Sterling Capital Int	Pair Corr
0.43	SBIDX	Sterling Capital Beh	Pair Corr
0.42	SBIAX	Sterling Capital Beh	Pair Corr
0.42	BBGVX	Sterling Capital Int	Pair Corr
0.41	SBIIX	Sterling Capital Beh	Pair Corr
0.41	BICCX	Sterling Capital Total	Pair Corr
0.4	BICAX	Sterling Capital Total	Pair Corr
0.4	BIBTX	Sterling Capital Total	Pair Corr
0.34	STRFX	Wells Fargo Large	Pair Corr
0.34	SCCMX	Sterling Capital Porate	Pair Corr
0.33	SCCPX	Sterling Capital Porate	Pair Corr
0.35	XNXJX	Nuveen New Jersey	Pair Corr
0.33	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	BOPIX	BIBTX	CISGX	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3
BOPIX		-0.76	0.97	0.0	0.62	0.55	0.67	0.59	0.65	0.8	BOPIX
BIBTX	-0.76		-0.74	0.0	-0.16	-0.31	-0.52	-0.08	-0.47	-0.89	BIBTX
CISGX	0.97	-0.74		0.0	0.62	0.57	0.7	0.61	0.73	0.75	CISGX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	0.62	-0.16	0.62	0.0		0.69	0.3	0.77	0.38	0.29	LBHIX
MSTSX	0.55	-0.31	0.57	0.0	0.69		-0.01	0.86	0.07	0.24	MSTSX
VIASP	0.67	-0.52	0.7	0.0	0.3	-0.01		0.16	0.83	0.63	VIASP
RRTLX	0.59	-0.08	0.61	0.0	0.77	0.86	0.16		0.23	0.12	RRTLX
OSHDF	0.65	-0.47	0.73	0.0	0.38	0.07	0.83	0.23		0.52	OSHDF
70082LAB3	0.8	-0.89	0.75	0.0	0.29	0.24	0.63	0.12	0.52		70082LAB3
	BOPIX	BIBTX	CISGX	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3

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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

CISGX	+ 0.97	BOPIX
RRTLX	+ 0.86	MSTSX
OSHDF	+ 0.83	VIASP
70082LAB3	+ 0.8	BOPIX
RRTLX	+ 0.77	LBHIX
70082LAB3	+ 0.75	CISGX

High negative correlations

70082LAB3	- 0.89	BIBTX
BIBTX	- 0.76	BOPIX
CISGX	- 0.74	BIBTX
VIASP	- 0.52	BIBTX
OSHDF	- 0.47	BIBTX
MSTSX	- 0.31	BIBTX

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
BOPIX	0.63	0.04	0.02	0.17	0.65	(0.69)	1.42	(1.70)	4.37
BIBTX	0.23	(0.01)	0.00	0.27	0.00	0.00	0.43	(0.54)	1.27
CISGX	0.90	0.09	0.06	0.23	1.08	(0.93)	2.02	(2.19)	5.40
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	20.25	0.00	(19.11)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.63	0.00	(0.12)	(0.21)	1.03	(0.68)	1.66	(1.19)	4.03

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