Sterling Capital Correlations

BBNTX Fund  USD 10.02  0.01  0.1%   
The current 90-days correlation between Sterling Capital North and Wabmsx is 0.13 (i.e., Average 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

Significant diversification

The correlation between Sterling Capital North and DJI is 0.07 (i.e., Significant 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 estimate.

Moving together with Sterling Mutual Fund

  0.99BSCIX Sterling Capital SouthPairCorr
  0.99BSCCX Sterling Capital SouthPairCorr
  1.0BASCX Sterling Capital SouthPairCorr
  0.79BSGAX Sterling Capital ShortPairCorr
  0.8STMDX Sterling Capital StrattonPairCorr
  0.8STMMX Sterling Capital StrattonPairCorr
  0.8STMOX Sterling Capital StrattonPairCorr
  0.85STRFX Wells Fargo LargePairCorr
  0.82STRDX Sterling Capital TotalPairCorr
  0.84SCCNX Sterling Capital PoratePairCorr
  0.85SCCMX Sterling Capital PoratePairCorr
  0.83SCCPX Sterling Capital PoratePairCorr
  0.77BBGVX Sterling Capital IntPairCorr
  0.99BBNCX Sterling Capital NorthPairCorr
  0.81BBSCX Sterling Capital ShortPairCorr
  0.78SCSSX Sterling Capital SecPairCorr
  0.79SCSTX Sterling Capital SecPairCorr
  0.79SCSPX Sterling Capital SecPairCorr
  0.79BBSGX Sterling Capital ShortPairCorr
  0.8SCREX Mfs Variable InsurancePairCorr

Moving against Sterling Mutual Fund

  0.44STSOX Sterling Capital StrattonPairCorr
  0.43STSCX Sterling Capital StrattonPairCorr
  0.43STSNX Sterling Capital StrattonPairCorr
  0.42STRSX Sterling Capital SpecialPairCorr
  0.39STRBX Sterling Capital BehPairCorr
  0.38STRNX Sterling Capital StrattonPairCorr
  0.37STRGX Sterling Capital StrattonPairCorr
  0.37STRLX Sterling Capital StrattonPairCorr
  0.43SCSIX Sentinel Multi AssetPairCorr
  0.42BOPIX Sterling Capital SpecialPairCorr

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.