Sterling Capital Correlations

BUSIX Fund  USD 9.84  0.01  0.10%   
The current 90-days correlation between Sterling Capital Ultra and Eventide Healthcare Life is 0.01 (i.e., Significant 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 0.03 (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

  0.79BSCIX Sterling Capital SouthPairCorr
  0.73BSCCX Sterling Capital SouthPairCorr
  0.77BASCX Sterling Capital SouthPairCorr
  0.97BSGAX Sterling Capital ShortPairCorr
  0.7STMDX Sterling Capital StrattonPairCorr
  0.69STMMX Sterling Capital StrattonPairCorr
  0.68STMOX Sterling Capital StrattonPairCorr
  0.81STRFX Wells Fargo LargePairCorr
  0.91STRDX Sterling Capital TotalPairCorr
  0.78SCCNX Sterling Capital PoratePairCorr
  0.8SCCMX Sterling Capital PoratePairCorr
  0.79SCCPX Sterling Capital PoratePairCorr
  0.91BBGVX Sterling Capital IntPairCorr
  0.79BBNTX Sterling Capital NorthPairCorr
  0.73BBNCX Sterling Capital NorthPairCorr
  0.98BBSCX Sterling Capital ShortPairCorr
  0.89SCSSX Sterling Capital SecPairCorr
  0.9SCSTX Sterling Capital SecPairCorr
  0.9SCSPX Sterling Capital SecPairCorr
  0.98BBSGX Sterling Capital ShortPairCorr
  0.7SCREX Mfs Variable InsurancePairCorr

Moving against Sterling Mutual Fund

  0.7STRSX Sterling Capital SpecialPairCorr
  0.67STRBX Sterling Capital BehPairCorr
  0.65STSOX Sterling Capital StrattonPairCorr
  0.65STSNX Sterling Capital StrattonPairCorr
  0.64STSCX Sterling Capital StrattonPairCorr
  0.54STRGX Sterling Capital StrattonPairCorr
  0.64SCSIX Sentinel Multi AssetPairCorr
  0.55STRNX Sterling Capital StrattonPairCorr
  0.54STRLX Sterling Capital StrattonPairCorr
  0.32OVECX Sterling Capital MidPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.