Sterling Capital Correlations

BUSIX Fund

USD 9.85 0.03 0.31%

The current 90-days correlation between Sterling Capital Ultra and Ashmore Emerging Markets is -0.06 (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

Significant diversification

The correlation between Sterling Capital Ultra and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Ultra 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 Ultra. 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 gross domestic product.

Moving together with Sterling Mutual Fund

0.9	BSGAX	Sterling Capital Short	Pair Corr
0.69	STRAX	Stralem Equity	Pair Corr
0.71	BBISX	Sterling Capital Beh	Pair Corr
0.93	BBSCX	Sterling Capital Short	Pair Corr
0.96	BBSGX	Sterling Capital Short	Pair Corr
0.68	BBTGX	Sterling Capital Beh	Pair Corr

Moving against Sterling Mutual Fund

0.52	STRBX	Sterling Capital Beh	Pair Corr
0.46	STRSX	Sterling Capital Special	Pair Corr
0.44	STSOX	Sterling Capital Stratton	Pair Corr
0.44	STSNX	Sterling Capital Stratton	Pair Corr
0.42	STRGX	Sterling Capital Stratton	Pair Corr
0.44	SCSIX	Sentinel Multi Asset	Pair Corr
0.39	STRNX	Sterling Capital Stratton	Pair Corr
0.39	STRLX	Sterling Capital Stratton	Pair Corr

Related Correlations Analysis

	ESFCX	DULTX	BDMKX	SIGZX	CRDSX	PRWBX	CMGUX
ESFCX		0.9	0.96	0.93	0.88	0.84	0.93	ESFCX
DULTX	0.9		0.91	0.98	0.87	0.91	0.98	DULTX
BDMKX	0.96	0.91		0.94	0.96	0.92	0.93	BDMKX
SIGZX	0.93	0.98	0.94		0.9	0.92	0.99	SIGZX
CRDSX	0.88	0.87	0.96	0.9		0.96	0.87	CRDSX
PRWBX	0.84	0.91	0.92	0.92	0.96		0.9	PRWBX
CMGUX	0.93	0.98	0.93	0.99	0.87	0.9		CMGUX
	ESFCX	DULTX	BDMKX	SIGZX	CRDSX	PRWBX	CMGUX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ESFCX	0.16	0.05	0.30	0.32	(0.27)	0.43	(0.42)	1.09
DULTX	0.05	0.02	0.00	(0.88)	0.00	0.40	0.00	0.61
BDMKX	0.07	0.00	0.97	0.00	(0.12)	0.11	(0.11)	0.33
SIGZX	0.06	0.02	0.94	(6.24)	(0.18)	0.10	(0.10)	0.61
CRDSX	0.08	0.02	0.88	(0.76)	(0.13)	0.21	(0.10)	0.42
PRWBX	0.09	0.02	0.46	(0.49)	(0.25)	0.22	(0.22)	0.66
CMGUX	0.04	0.00	0.00	0.00	0.00	0.11	0.00	0.54

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