Sterling Capital Correlations

BIBTX Fund  USD 9.39  0.02  0.21%   
The current 90-days correlation between Sterling Capital Total and Vanguard Information Technology is -0.02 (i.e., Good 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

Good diversification

The correlation between Sterling Capital Total and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Total 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 Total. 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

  0.92BSCIX Sterling Capital SouthPairCorr
  0.93BSCCX Sterling Capital SouthPairCorr
  0.93BASCX Sterling Capital SouthPairCorr
  0.61STMDX Sterling Capital StrattonPairCorr
  0.64STMMX Sterling Capital StrattonPairCorr
  0.63STMOX Sterling Capital StrattonPairCorr
  0.83STRFX Wells Fargo LargePairCorr
  0.82STRDX Sterling Capital TotalPairCorr
  0.84SCCNX Sterling Capital PoratePairCorr
  0.85SCCMX Sterling Capital PoratePairCorr
  0.84SCCPX Sterling Capital PoratePairCorr
  0.8BBGVX Sterling Capital IntPairCorr
  0.86BBNTX Sterling Capital NorthPairCorr
  0.89BBNCX Sterling Capital NorthPairCorr
  0.81SCSSX Sterling Capital SecPairCorr
  0.8SCSTX Sterling Capital SecPairCorr
  0.76SCSPX Sterling Capital SecPairCorr
  0.75SCREX Mfs Variable InsurancePairCorr

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.