Sterling Capital Correlations

Mutual Funds . USA . 
Fund . Sterling Capital Stratton
STMMX Fund  USD 35.87  0.10  0.28%   
The current 90-days correlation between Sterling Capital Stratton and Aqr Large Cap is 0.79 (i.e., 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 Stratton 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 Stratton 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 Stratton. 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 population.

Moving together with Sterling Mutual Fund

  0.69O Realty IncomePairCorr
  0.83DX Dynex CapitalPairCorr
  0.83FR First Industrial RealtyPairCorr
  0.73OZ Belpointe PREP LLCPairCorr
  0.77PK Park Hotels ResortsPairCorr
  0.89UE Urban Edge PropertiesPairCorr
  0.63AHT-PH Ashford Hospitality TrustPairCorr
  0.66AHT-PI Ashford Hospitality TrustPairCorr
  0.81AHT-PD Ashford Hospitality Trust Downward RallyPairCorr
  0.62AHT-PF Ashford Hospitality TrustPairCorr
  0.75AHT-PG Ashford Hospitality TrustPairCorr
  0.83VNO-PL Vornado Realty TrustPairCorr
  0.83VNO-PM Vornado Realty TrustPairCorr
  0.83VNO-PN Vornado Realty TrustPairCorr
  0.8VNO-PO Vornado Realty TrustPairCorr
  0.66VICI VICI PropertiesPairCorr
  0.74MITT-PA AG Mortgage InvestmentPairCorr
  0.86MITT-PB AG Mortgage InvestmentPairCorr
  0.88MITT-PC AG Mortgage InvestmentPairCorr
  0.66VTMX Corporacin InmobiliariaPairCorr
  0.79ELME Elme CommunitiesPairCorr
  0.89EPRT Essential PropertiesPairCorr
  0.7EQIX EquinixPairCorr
  0.87WELL WelltowerPairCorr
  0.67ESBA Empire State RealtyPairCorr
  0.87CDR-PC Cedar Realty TrustPairCorr
  0.71ESRT Empire State RealtyPairCorr

Moving against Sterling Mutual Fund

  0.34UK Ucommune InternationalPairCorr
  0.49WETH Wetouch Technology CommonPairCorr
  0.43WHLR Wheeler Real Estate Downward RallyPairCorr
  0.35CDR-PB Cedar Realty TrustPairCorr

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.

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