Stralem Equity Correlations

STRAX Fund

USD 36.37 0.05 0.14%

The current 90-days correlation between Stralem Equity and Sterling Capital Equity is 0.13 (i.e., Average diversification). The correlation of Stralem Equity 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.

Stralem Equity Correlation With Market

Very poor diversification

The correlation between Stralem Equity Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stralem Equity Fund 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 Stralem Equity Fund. 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 nation.

Moving together with STRALEM Mutual Fund

0.78	BSCIX	Sterling Capital South	Pair Corr
0.75	BSCCX	Sterling Capital South	Pair Corr
0.77	BASCX	Sterling Capital South	Pair Corr
0.81	BSGAX	Sterling Capital Short	Pair Corr
0.82	STRSX	Sterling Capital Special	Pair Corr
0.69	STRDX	Sterling Capital Total	Pair Corr
0.7	BBGVX	Sterling Capital Int	Pair Corr
1.0	BBISX	Sterling Capital Beh	Pair Corr
0.78	BBNTX	Sterling Capital North	Pair Corr
0.74	BBNCX	Sterling Capital North	Pair Corr
0.81	BBSCX	Sterling Capital Short	Pair Corr
0.74	SCSSX	Sterling Capital Sec	Pair Corr
0.74	SCSTX	Sterling Capital Sec	Pair Corr
0.73	SCSPX	Sterling Capital Sec	Pair Corr
0.82	BBSGX	Sterling Capital Short	Pair Corr
0.71	BBTGX	Sterling Capital Beh	Pair Corr
1.0	BCVCX	Sterling Capital Beh	Pair Corr
0.83	BUSIX	Sterling Capital Ultra	Pair Corr
0.77	OWVAX	Sterling Capital West	Pair Corr
0.7	BVACX	Sterling Capital Virginia	Pair Corr

Moving against STRALEM Mutual Fund

0.48	BAEIX	Sterling Capital Equity	Pair Corr
0.39	STREX	Sterling Capital Equity	Pair Corr
0.32	STRNX	Sterling Capital Stratton	Pair Corr
0.31	STRLX	Sterling Capital Stratton	Pair Corr
0.58	BEGIX	Sterling Capital Equity	Pair Corr
0.42	BCEGX	Sterling Capital Equity	Pair Corr

Related Correlations Analysis

	BAEIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX	STMOX	STRSX	STSCX
BAEIX		-0.75	-0.72	-0.71	-0.58	0.38	0.39	0.28	-0.14	0.34	BAEIX
BSCIX	-0.75		0.99	0.98	0.85	-0.01	-0.03	-0.09	0.58	-0.06	BSCIX
BSCCX	-0.72	0.99		0.98	0.8	0.03	0.01	-0.04	0.57	-0.05	BSCCX
BASCX	-0.71	0.98	0.98		0.81	-0.01	-0.03	-0.11	0.58	-0.06	BASCX
BSGAX	-0.58	0.85	0.8	0.81		0.02	0.0	-0.07	0.62	0.14	BSGAX
STMDX	0.38	-0.01	0.03	-0.01	0.02		1.0	0.76	0.21	0.5	STMDX
STMMX	0.39	-0.03	0.01	-0.03	0.0	1.0		0.76	0.2	0.5	STMMX
STMOX	0.28	-0.09	-0.04	-0.11	-0.07	0.76	0.76		0.08	0.57	STMOX
STRSX	-0.14	0.58	0.57	0.58	0.62	0.21	0.2	0.08		0.59	STRSX
STSCX	0.34	-0.06	-0.05	-0.06	0.14	0.5	0.5	0.57	0.59		STSCX
	BAEIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX	STMOX	STRSX	STSCX

Please upgrade your account to get full access to Macroaxis premium features

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

STMMX	+ 1.0	STMDX
BSCCX	+ 0.99	BSCIX
BASCX	+ 0.98	BSCIX
BASCX	+ 0.98	BSCCX
BSGAX	+ 0.85	BSCIX
BSGAX	+ 0.81	BASCX

High negative correlations

BSCIX	- 0.75	BAEIX
BSCCX	- 0.72	BAEIX
BASCX	- 0.71	BAEIX
BSGAX	- 0.58	BAEIX
STRSX	- 0.14	BAEIX
STMOX	- 0.11	BASCX

Risk-Adjusted Indicators

There is a big difference between STRALEM Mutual Fund performing well and Stralem Equity 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 Stralem Equity'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	0.54	(0.04)	0.00	(0.55)	0.00	0.00	1.11	(1.14)	3.05
BSCIX	0.08	0.02	(0.46)	11.10	0.00	(0.14)	0.19	(0.10)	0.39
BSCCX	0.08	0.02	(0.40)	(2.41)	0.00	(0.13)	0.19	(0.10)	0.58
BASCX	0.08	0.02	(0.35)	(11.73)	0.00	(0.15)	0.28	(0.10)	0.48
BSGAX	0.07	0.01	(0.49)	(0.85)	0.00	(0.17)	0.12	(0.12)	0.48
STMDX	0.58	(0.02)	(0.09)	(0.05)	0.78	(0.58)	1.32	(1.11)	3.72
STMMX	0.57	(0.02)	(0.10)	(0.05)	0.78	(0.57)	1.29	(1.12)	3.73
STMOX	0.56	(0.05)	0.00	(0.05)	0.00	0.00	1.30	(1.45)	3.71
STRSX	0.64	0.04	0.03	0.11	0.74	(0.68)	1.38	(1.28)	3.75
STSCX	0.75	(0.04)	(0.03)	0.03	1.00	(0.73)	1.60	(1.30)	4.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC