Sterling Capital Correlations

STRCX Fund

USD 10.05 0.07 0.70%

The current 90-days correlation between Sterling Capital Beh and Amg Managers Centersquare 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

Average diversification

The correlation between Sterling Capital Behavioral and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Behavioral 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 Behavioral. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Sterling Mutual Fund

0.94	SBIAX	Sterling Capital Beh	Pair Corr
0.94	SBIDX	Sterling Capital Beh	Pair Corr
1.0	SBIIX	Sterling Capital Beh	Pair Corr
0.62	BSCCX	Sterling Capital South	Pair Corr
0.82	STRFX	Wells Fargo Large	Pair Corr
0.78	STRDX	Sterling Capital Total	Pair Corr
0.81	SCCNX	Sterling Capital Porate	Pair Corr
0.82	SCCMX	Sterling Capital Porate	Pair Corr
0.81	SCCPX	Sterling Capital Porate	Pair Corr
0.86	BBGVX	Sterling Capital Int	Pair Corr
0.63	BBNCX	Sterling Capital North	Pair Corr
0.84	SCSSX	Sterling Capital Sec	Pair Corr
0.85	SCSTX	Sterling Capital Sec	Pair Corr
0.84	SCSPX	Sterling Capital Sec	Pair Corr

Moving against Sterling Mutual Fund

0.41	STRAX	Stralem Equity	Pair Corr
0.41	BBISX	Sterling Capital Beh	Pair Corr
0.78	BUSIX	Sterling Capital Ultra	Pair Corr
0.78	BUSRX	Sterling Capital Ultra	Pair Corr
0.41	BBTGX	Sterling Capital Beh	Pair Corr
0.39	BCVCX	Sterling Capital Beh	Pair Corr

Related Correlations Analysis

	MRESX	SEIRX	JYEBX	RRRZX	IVRSX	GMJPX	CREMX	SRPIX
MRESX		0.94	0.88	0.99	0.99	0.94	-0.47	-0.99	MRESX
SEIRX	0.94		0.97	0.96	0.91	0.94	-0.22	-0.91	SEIRX
JYEBX	0.88	0.97		0.91	0.85	0.89	-0.08	-0.84	JYEBX
RRRZX	0.99	0.96	0.91		0.98	0.96	-0.43	-0.98	RRRZX
IVRSX	0.99	0.91	0.85	0.98		0.92	-0.53	-0.98	IVRSX
GMJPX	0.94	0.94	0.89	0.96	0.92		-0.36	-0.95	GMJPX
CREMX	-0.47	-0.22	-0.08	-0.43	-0.53	-0.36		0.53	CREMX
SRPIX	-0.99	-0.91	-0.84	-0.98	-0.98	-0.95	0.53		SRPIX
	MRESX	SEIRX	JYEBX	RRRZX	IVRSX	GMJPX	CREMX	SRPIX

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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

RRRZX	+ 0.99	MRESX
IVRSX	+ 0.99	MRESX
IVRSX	+ 0.98	RRRZX
JYEBX	+ 0.97	SEIRX
RRRZX	+ 0.96	SEIRX
GMJPX	+ 0.96	RRRZX

High negative correlations

SRPIX	- 0.99	MRESX
SRPIX	- 0.98	IVRSX
SRPIX	- 0.98	RRRZX
SRPIX	- 0.95	GMJPX
SRPIX	- 0.91	SEIRX
SRPIX	- 0.84	JYEBX

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
MRESX	0.77	(0.14)	0.00	(0.68)	0.00	0.00	1.26	(1.73)	5.40
SEIRX	0.80	(0.15)	0.00	(0.38)	0.00	0.00	1.27	(2.00)	5.55
JYEBX	0.72	(0.12)	0.00	(0.71)	0.00	0.00	1.15	(1.54)	5.46
RRRZX	0.81	(0.16)	0.00	(0.78)	0.00	0.00	1.35	(1.62)	6.80
IVRSX	0.74	(0.13)	0.00	(0.79)	0.00	0.00	1.28	(1.50)	5.23
GMJPX	0.84	(0.18)	0.00	(0.72)	0.00	0.00	1.45	(2.05)	6.48
CREMX	0.03	0.01	0.00	(0.80)	0.00	0.00	0.08	0.00	0.71
SRPIX	0.82	0.15	0.14	(0.56)	0.69	(1.03)	1.95	(1.27)	6.20

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