Sterling Capital Correlations

BBISX Fund  USD 31.01  0.07  0.23%   
The current 90-days correlation between Sterling Capital Beh and Sterling Capital Equity is 0.25 (i.e., Modest 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 0.88 (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 Trending Equities 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 state.

Moving together with Sterling Mutual Fund

  0.77STRSX Sterling Capital SpecialPairCorr
  0.64STSCX Sterling Capital StrattonPairCorr
  0.65STRGX Sterling Capital StrattonPairCorr
  0.86STRBX Sterling Capital BehPairCorr
  1.0STRAX Stralem EquityPairCorr
  0.69STRMX Sterling Capital MidPairCorr
  1.0BBTGX Sterling Capital BehPairCorr

Moving against Sterling Mutual Fund

  0.72SBIAX Sterling Capital BehPairCorr
  0.72SBIDX Sterling Capital BehPairCorr
  0.72SBIIX Sterling Capital BehPairCorr
  0.57STRFX Wells Fargo LargePairCorr
  0.72STRCX Sterling Capital BehPairCorr
  0.69BBGVX Sterling Capital IntPairCorr
  0.58SCCMX Sterling Capital PoratePairCorr
  0.57SCCPX Sterling Capital PoratePairCorr
  0.56SCCNX Sterling Capital PoratePairCorr
  0.46STRDX Sterling Capital TotalPairCorr
  0.35BBNCX Sterling Capital NorthPairCorr
  0.34BBSCX Sterling Capital ShortPairCorr
  0.66SCSTX Sterling Capital SecPairCorr
  0.65SCSSX Sterling Capital SecPairCorr
  0.65SCSPX Sterling Capital SecPairCorr
  0.33BVACX Sterling Capital VirginiaPairCorr
  0.32BVAAX Sterling Capital VirginiaPairCorr

Related Correlations Analysis

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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   
SBIIXSBIAX
STMOXSTMMX
STMMXSTMDX
STMOXSTMDX
SBIDXSBIAX
SBIIXSBIDX
  
High negative correlations   
BSGAXBAEIX
BSCIXBAEIX
SBIIXBAEIX
SBIAXBAEIX

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  0.85 (0.39) 0.00 (0.33) 0.00 
 0.99 
 22.46 
SBIAX  0.59 (0.05) 0.00 (0.17) 0.00 
 1.17 
 3.67 
SBIDX  0.58 (0.05) 0.00  1.31  0.00 
 1.18 
 3.67 
SBIIX  0.59 (0.05) 0.00 (0.17) 0.00 
 1.17 
 3.67 
BSCIX  0.12 (0.01) 0.00  0.32  0.00 
 0.19 
 0.86 
BASCX  0.11 (0.02) 0.00 (0.88) 0.00 
 0.19 
 0.95 
BSGAX  0.08 (0.01)(0.62)(4.78) 0.08 
 0.12 
 0.72 
STMDX  0.72 (0.13) 0.00 (0.57) 0.00 
 1.13 
 5.92 
STMMX  0.71 (0.14) 0.00 (0.49) 0.00 
 1.12 
 5.53 
STMOX  0.71 (0.14) 0.00 (0.49) 0.00 
 1.13 
 5.60