Sterling Capital Correlations

Mutual Funds . USA . 
Fund . Sterling Capital Behavioral
SPSDX Fund  USD 18.10  0.11  0.60%   
The current 90-days correlation between Sterling Capital Beh and Sterling Capital Equity is 0.81 (i.e., Very 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 Behavioral and DJI is 0.82 (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 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 signals in unemployment.

Moving together with Sterling Mutual Fund

  0.95BAEIX Sterling Capital EquityPairCorr
  0.91BSCIX Sterling Capital SouthPairCorr
  0.9BSCCX Sterling Capital SouthPairCorr
  0.92BASCX Sterling Capital SouthPairCorr
  0.86BSGAX Sterling Capital ShortPairCorr
  0.81STMDX Sterling Capital StrattonPairCorr
  0.79STMOX Sterling Capital StrattonPairCorr
  0.98STRSX Sterling Capital SpecialPairCorr
  0.99STSCX Sterling Capital StrattonPairCorr
  0.99STSOX Sterling Capital StrattonPairCorr
  0.99STSNX Sterling Capital StrattonPairCorr
  0.67STRFX Wells Fargo LargePairCorr
  0.95STREX Sterling Capital EquityPairCorr
  0.99STRGX Sterling Capital StrattonPairCorr
  1.0STRBX Sterling Capital BehPairCorr
  0.98STRAX Stralem EquityPairCorr
  0.62STRDX Sterling Capital TotalPairCorr
  0.99STRNX Sterling Capital StrattonPairCorr
  0.99STRLX Sterling Capital StrattonPairCorr
  0.66SCCNX Sterling Capital PoratePairCorr
  0.67SCCMX Sterling Capital PoratePairCorr
  0.67SCCPX Sterling Capital PoratePairCorr
  0.98BBISX Sterling Capital BehPairCorr
  0.93BBNTX Sterling Capital NorthPairCorr
  0.92BBNCX Sterling Capital NorthPairCorr
  0.87BBSCX Sterling Capital ShortPairCorr
  0.99SCSIX Sentinel Multi AssetPairCorr
  0.62SCSPX Sterling Capital SecPairCorr
  0.86BBSGX Sterling Capital ShortPairCorr
  0.81SCREX Mfs Variable InsurancePairCorr
  0.98BBTGX Sterling Capital BehPairCorr
  0.95BCEGX Sterling Capital EquityPairCorr
  0.98BCVCX Sterling Capital BehPairCorr
  0.91BUSIX Sterling Capital UltraPairCorr
  0.9BUSRX Sterling Capital UltraPairCorr
  0.92OWVAX Sterling Capital WestPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BAEIX  0.64 (0.05)(0.09) 0.07  0.75 
(0.68)
 1.64 
(1.17)
 3.95 
BSCIX  0.10  0.01 (0.71) 0.57  0.00 
(0.16)
 0.20 
(0.20)
 0.59 
BSCCX  0.10  0.00 (0.77) 0.24  0.00 
(0.13)
 0.20 
(0.19)
 0.69 
BASCX  0.10  0.01 (0.71) 0.65  0.00 
(0.14)
 0.20 
(0.19)
 0.68 
BSGAX  0.08  0.01 (0.92) 3.31  0.00 
(0.16)
 0.24 
(0.12)
 0.48 
STMDX  0.58  0.01 (0.05) 0.16  0.80 
(0.61)
 1.50 
(1.36)
 4.40 
STMMX  0.55  0.11 (0.05)(0.45) 0.69 
(0.62)
 1.42 
(1.07)
 4.36 
STMOX  0.57  0.01 (0.06) 0.15  0.79 
(0.60)
 1.46 
(1.35)
 4.38 
STRSX  0.76  0.09  0.09  0.21  0.64 
(0.85)
 2.21 
(1.33)
 5.22 
STSCX  0.80  0.13  0.12  0.26  0.69 
(0.90)
 2.22 
(1.33)
 5.73 

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