Sterling Capital Correlations
| BNCAX Fund | USD 10.02 0.00 0.00% |
The current 90-days correlation between Sterling Capital North and Jhancock Real Estate is 0.28 (i.e., Modest 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
Significant diversification
The correlation between Sterling Capital North and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital North and DJI in the same portfolio, assuming nothing else is changed.
Sterling |
Moving together with Sterling Mutual Fund
| 0.98 | BSCIX | Sterling Capital South | PairCorr |
| 0.97 | BSCCX | Sterling Capital South | PairCorr |
| 0.97 | BASCX | Sterling Capital South | PairCorr |
| 0.8 | BSGAX | Sterling Capital Short | PairCorr |
| 0.81 | STRFX | Wells Fargo Large | PairCorr |
| 0.86 | STRDX | Sterling Capital Total | PairCorr |
| 0.83 | SCCNX | Sterling Capital Porate | PairCorr |
| 0.81 | SCCMX | Sterling Capital Porate | PairCorr |
| 0.74 | SCCPX | Sterling Capital Porate | PairCorr |
| 0.71 | BBGVX | Sterling Capital Int | PairCorr |
| 0.98 | BBNTX | Sterling Capital North | PairCorr |
| 0.97 | BBNCX | Sterling Capital North | PairCorr |
| 0.82 | BBSCX | Sterling Capital Short | PairCorr |
| 0.79 | SCSSX | Sterling Capital Sec | PairCorr |
| 0.73 | SCSTX | Sterling Capital Sec | PairCorr |
| 0.74 | SCSPX | Sterling Capital Sec | PairCorr |
| 0.62 | BBSGX | Sterling Capital Short | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JYEBX | 0.71 | (0.11) | 0.00 | (4.90) | 0.00 | 1.15 | 5.46 | |||
| MRESX | 0.75 | (0.12) | 0.00 | (1.22) | 0.00 | 1.26 | 5.40 | |||
| TIREX | 0.77 | (0.13) | 0.00 | (0.68) | 0.00 | 1.25 | 5.47 | |||
| NMMRF | 0.17 | (0.10) | 0.00 | (0.92) | 0.00 | 0.00 | 5.82 | |||
| NRSCX | 0.24 | (0.04) | 0.00 | (0.58) | 0.00 | 0.43 | 3.21 | |||
| GMJPX | 0.83 | (0.17) | 0.00 | (2.08) | 0.00 | 1.45 | 6.48 | |||
| SEIRX | 0.77 | (0.13) | 0.00 | (0.34) | 0.00 | 1.27 | 5.55 |