Sterling Capital Correlations

BAEIX Fund

USD 21.78 0.24 1.11%

The current 90-days correlation between Sterling Capital Equity and Franklin Biotechnology Discovery 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

Significant diversification

The correlation between Sterling Capital Equity and DJI is 0.07 (i.e., Significant 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

0.92	STREX	Sterling Capital Equity	Pair Corr
0.9	STRGX	Sterling Capital Stratton	Pair Corr
1.0	BCEGX	Sterling Capital Equity	Pair Corr

Moving against Sterling Mutual Fund

0.75	BSCIX	Sterling Capital South	Pair Corr
0.71	BBNTX	Sterling Capital North	Pair Corr
0.66	BBNCX	Sterling Capital North	Pair Corr
0.64	BASCX	Sterling Capital South	Pair Corr
0.62	BSCCX	Sterling Capital South	Pair Corr
0.61	BBSCX	Sterling Capital Short	Pair Corr
0.59	BBSGX	Sterling Capital Short	Pair Corr
0.52	SCSPX	Sterling Capital Sec	Pair Corr
0.51	BBGVX	Sterling Capital Int	Pair Corr
0.51	SCSSX	Sterling Capital Sec	Pair Corr
0.48	BBISX	Sterling Capital Beh	Pair Corr
0.46	SCSTX	Sterling Capital Sec	Pair Corr
0.44	BSGAX	Sterling Capital Short	Pair Corr
0.43	STRAX	Stralem Equity	Pair Corr
0.31	STRDX	Sterling Capital Total	Pair Corr
0.72	OWVAX	Sterling Capital West	Pair Corr
0.71	BWVAX	Sterling Capital West	Pair Corr
0.69	BUSRX	Sterling Capital Ultra	Pair Corr
0.68	BVACX	Sterling Capital Virginia	Pair Corr
0.68	BVAAX	Sterling Capital Virginia	Pair Corr
0.67	BUSIX	Sterling Capital Ultra	Pair Corr
0.67	BWVCX	Sterling Capital West	Pair Corr
0.61	BBTGX	Sterling Capital Beh	Pair Corr
0.61	SHTRX	Sterling Capital Short	Pair Corr

Related Correlations Analysis

	FRBRX	PTTEX	JNGTX	VITAX	BSTSX	NWHOX
FRBRX		0.4	0.24	0.43	0.13	-0.09	FRBRX
PTTEX	0.4		0.96	0.9	0.82	0.86	PTTEX
JNGTX	0.24	0.96		0.88	0.86	0.91	JNGTX
VITAX	0.43	0.9	0.88		0.93	0.78	VITAX
BSTSX	0.13	0.82	0.86	0.93		0.87	BSTSX
NWHOX	-0.09	0.86	0.91	0.78	0.87		NWHOX
	FRBRX	PTTEX	JNGTX	VITAX	BSTSX	NWHOX

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

JNGTX	+ 0.96	PTTEX
BSTSX	+ 0.93	VITAX
NWHOX	+ 0.91	JNGTX
VITAX	+ 0.9	PTTEX
VITAX	+ 0.88	JNGTX
NWHOX	+ 0.87	BSTSX

High negative correlations

NWHOX

- 0.09

FRBRX

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
FRBRX	1.04	0.40	0.25	0.76	0.99	(1.21)	2.32	(1.60)	7.53
PTTEX	0.96	0.14	0.05	1.69	1.35	(0.96)	1.93	(2.27)	6.21
JNGTX	0.87	0.09	0.02	2.00	1.31	(0.82)	2.14	(2.29)	5.48
VITAX	0.93	0.07	0.05	0.12	1.48	(0.89)	1.84	(2.72)	5.95
BSTSX	1.07	0.04	0.03	0.10	1.55	(1.03)	2.62	(2.81)	6.88
NWHOX	0.99	0.07	0.01	1.09	1.47	(0.93)	1.99	(2.52)	6.16

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