Sterling Capital Correlations

BBNCX Fund

USD 10.02 0.01 0.1%

The current 90-days correlation between Sterling Capital North and Principal Lifetime Hybrid is 0.28 (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

Average diversification

The correlation between Sterling Capital North and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital North 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 North. 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

0.69	BBSCX	Sterling Capital Short	Pair Corr
0.97	OWVAX	Sterling Capital West	Pair Corr
0.99	BVACX	Sterling Capital Virginia	Pair Corr
0.99	BVAAX	Sterling Capital Virginia	Pair Corr
0.99	BVATX	Sterling Capital Virginia	Pair Corr
0.82	BICCX	Sterling Capital Total	Pair Corr
0.8	BICAX	Sterling Capital Total	Pair Corr
0.81	BIBTX	Sterling Capital Total	Pair Corr
0.99	BNCAX	Sterling Capital North	Pair Corr
0.86	HICOX	Colorado Bondshares	Pair Corr
0.87	KYTFX	Kentucky Tax Free	Pair Corr
0.9	UVABX	Virginia Bond	Pair Corr
0.99	HULYX	Hawaiian Tax Free	Pair Corr
0.89	HULFX	Hawaiian Tax Free	Pair Corr
0.95	ORTYX	Aquila Tax Free	Pair Corr
0.92	UVAIX	Usaa Virginia Bond	Pair Corr
0.92	USVAX	Virginia Bond	Pair Corr
0.99	HULAX	Hawaiian Tax Free	Pair Corr
0.66	PDI	Pimco Dynamic Income	Pair Corr
0.84	WCCFX	Wealthbuilder Conservative	Pair Corr
0.86	CKKRX	Columbia Income Builder	Pair Corr
0.72	PCCFX	Prudential Income Builder	Pair Corr
0.64	MINFX	Mfs International Value	Pair Corr
0.74	IFACX	Income Fund	Pair Corr
0.61	REMVX	Rbc Emerging Markets	Pair Corr
0.79	TEDPX	Tiaa Cref Emerging	Pair Corr

Moving against Sterling Mutual Fund

0.31	STRSX	Sterling Capital Special	Pair Corr
0.62	TCSUX	Cleartrack 2020 Class	Pair Corr
0.58	TCTGX	Transamerica Cleartrack	Pair Corr
0.57	TDKTX	Cleartrack 2015 Class	Pair Corr
0.57	TCTJX	Transamerica Cleartrack	Pair Corr
0.36	ABQYX	Ab Intermediate Bond	Pair Corr

Related Correlations Analysis

	PHJDX	AUERX	FMTIX	GGEAX	SMYIX	DLGBX
PHJDX		0.54	0.96	0.88	0.97	-0.01	PHJDX
AUERX	0.54		0.41	0.64	0.65	-0.32	AUERX
FMTIX	0.96	0.41		0.77	0.9	0.17	FMTIX
GGEAX	0.88	0.64	0.77		0.86	0.0	GGEAX
SMYIX	0.97	0.65	0.9	0.86		-0.18	SMYIX
DLGBX	-0.01	-0.32	0.17	0.0	-0.18		DLGBX
	PHJDX	AUERX	FMTIX	GGEAX	SMYIX	DLGBX

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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

SMYIX	+ 0.97	PHJDX
FMTIX	+ 0.96	PHJDX
SMYIX	+ 0.9	FMTIX
GGEAX	+ 0.88	PHJDX
SMYIX	+ 0.86	GGEAX
GGEAX	+ 0.77	FMTIX

High negative correlations

DLGBX	- 0.32	AUERX
DLGBX	- 0.18	SMYIX
DLGBX	- 0.01	PHJDX
DLGBX	- 0.0	GGEAX

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
PHJDX	0.71	(0.02)	0.00	(0.09)	0.00	0.00	1.23	(1.42)	4.17
AUERX	1.15	(0.33)	0.00	(0.50)	0.00	0.00	1.57	(2.36)	19.53
FMTIX	0.48	0.00	0.00	(0.07)	0.00	0.00	0.82	(0.99)	2.72
GGEAX	0.91	(0.10)	0.00	(0.22)	0.00	0.00	1.39	(2.13)	7.34
SMYIX	0.82	(0.04)	0.00	(0.11)	0.00	0.00	1.25	(1.72)	4.51
DLGBX	0.23	0.01	0.25	0.17	0.23	(0.29)	0.49	(0.49)	1.23

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