Sterling Capital Correlations

BIUCX Fund

USD 8.66 0.03 0.35%

The current 90-days correlation between Sterling Capital Int and Sterling Capital Equity is -0.1 (i.e., Good 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

Good diversification

The correlation between Sterling Capital Intermediate and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Intermediate 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 Intermediate. 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 main economic indicators.

Moving together with Sterling Mutual Fund

0.94	BSGAX	Sterling Capital Short	Pair Corr
0.9	STRDX	Sterling Capital Total	Pair Corr
0.91	BBGVX	Sterling Capital Int	Pair Corr
0.89	BBSCX	Sterling Capital Short	Pair Corr
0.97	SCSSX	Sterling Capital Sec	Pair Corr
0.96	SCSTX	Sterling Capital Sec	Pair Corr
0.97	SCSPX	Sterling Capital Sec	Pair Corr

Moving against Sterling Mutual Fund

0.68	STRSX	Sterling Capital Special	Pair Corr
0.65	STRBX	Sterling Capital Beh	Pair Corr
0.63	STSOX	Sterling Capital Stratton	Pair Corr
0.62	STSCX	Sterling Capital Stratton	Pair Corr
0.62	STSNX	Sterling Capital Stratton	Pair Corr
0.62	SCSIX	Sentinel Multi Asset	Pair Corr
0.6	STRNX	Sterling Capital Stratton	Pair Corr
0.59	STRGX	Sterling Capital Stratton	Pair Corr
0.59	STRLX	Sterling Capital Stratton	Pair Corr
0.51	BAEIX	Sterling Capital Equity	Pair Corr
0.51	STREX	Sterling Capital Equity	Pair Corr
0.5	STRAX	Stralem Equity	Pair Corr
0.5	BBISX	Sterling Capital Beh	Pair Corr
0.69	BOPCX	Sterling Capital Special	Pair Corr
0.69	BOPAX	Sterling Capital Special	Pair Corr
0.68	BOPIX	Sterling Capital Special	Pair Corr
0.65	SPSDX	Sterling Capital Beh	Pair Corr
0.65	SPSAX	Sterling Capital Beh	Pair Corr
0.52	BCEGX	Sterling Capital Equity	Pair Corr
0.51	BCVCX	Sterling Capital Beh	Pair Corr
0.51	BEGIX	Sterling Capital Equity	Pair Corr
0.5	BBTGX	Sterling Capital Beh	Pair Corr

Related Correlations Analysis

	BAEIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX	STMOX	STRSX	STSCX
BAEIX		0.7	0.71	0.7	-0.54	0.8	0.8	0.81	0.89	0.89	BAEIX
BSCIX	0.7		1.0	1.0	-0.25	0.69	0.69	0.7	0.6	0.6	BSCIX
BSCCX	0.71	1.0		1.0	-0.27	0.71	0.72	0.72	0.63	0.63	BSCCX
BASCX	0.7	1.0	1.0		-0.27	0.69	0.69	0.7	0.61	0.61	BASCX
BSGAX	-0.54	-0.25	-0.27	-0.27		-0.12	-0.12	-0.14	-0.66	-0.57	BSGAX
STMDX	0.8	0.69	0.71	0.69	-0.12		1.0	1.0	0.72	0.78	STMDX
STMMX	0.8	0.69	0.72	0.69	-0.12	1.0		1.0	0.72	0.78	STMMX
STMOX	0.81	0.7	0.72	0.7	-0.14	1.0	1.0		0.73	0.79	STMOX
STRSX	0.89	0.6	0.63	0.61	-0.66	0.72	0.72	0.73		0.97	STRSX
STSCX	0.89	0.6	0.63	0.61	-0.57	0.78	0.78	0.79	0.97		STSCX
	BAEIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX	STMOX	STRSX	STSCX

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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

BSCCX	+ 1.0	BSCIX
BASCX	+ 1.0	BSCIX
BASCX	+ 1.0	BSCCX
STMMX	+ 1.0	STMDX
STMOX	+ 1.0	STMDX
STMOX	+ 1.0	STMMX

High negative correlations

STRSX	- 0.66	BSGAX
STSCX	- 0.57	BSGAX
BSGAX	- 0.54	BAEIX
BSGAX	- 0.27	BASCX
BSGAX	- 0.27	BSCCX
BSGAX	- 0.25	BSCIX

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	0.94	0.02	0.00	(0.05)	0.00	0.00	1.65	(2.24)	8.77
BSCIX	0.20	(0.03)	0.00	0.52	0.00	0.00	0.39	(0.78)	1.97
BSCCX	0.21	(0.03)	0.00	0.55	0.00	0.00	0.29	(0.78)	1.97
BASCX	0.22	(0.04)	0.00	0.57	0.00	0.00	0.39	(0.78)	1.96
BSGAX	0.09	0.00	0.43	0.06	0.05	(0.15)	0.12	(0.12)	0.72
STMDX	0.99	0.06	0.05	0.01	1.48	(0.97)	1.72	(2.59)	7.79
STMMX	0.98	0.06	0.05	0.01	1.48	(0.97)	1.72	(2.60)	7.82
STMOX	0.99	0.06	0.05	0.00	1.50	(0.94)	1.71	(2.60)	7.79
STRSX	1.43	0.02	0.00	(0.06)	0.00	0.00	2.70	(3.16)	12.99
STSCX	1.25	0.03	0.00	(0.05)	0.00	0.00	2.34	(2.48)	12.67

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