Sterling Capital Correlations

BUSRX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Sterling Capital Ultra and Qs Growth Fund is -0.13 (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 Ultra and DJI is -0.11 (i.e., Good 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 metropolitan statistical area.

Moving together with Sterling Mutual Fund

0.85	STRAX	Stralem Equity	Pair Corr
0.85	BBISX	Sterling Capital Beh	Pair Corr
0.85	BBTGX	Sterling Capital Beh	Pair Corr

Moving against Sterling Mutual Fund

0.75	SBIDX	Sterling Capital Beh	Pair Corr
0.74	SBIAX	Sterling Capital Beh	Pair Corr
0.74	SBIIX	Sterling Capital Beh	Pair Corr
0.64	STRFX	Wells Fargo Large	Pair Corr
0.43	STMOX	Sterling Capital Stratton	Pair Corr
0.4	STMMX	Sterling Capital Stratton	Pair Corr
0.35	STMDX	Sterling Capital Stratton	Pair Corr
0.32	BSCCX	Sterling Capital South	Pair Corr
0.74	STRCX	Sterling Capital Beh	Pair Corr
0.74	BBGVX	Sterling Capital Int	Pair Corr
0.65	SCCMX	Sterling Capital Porate	Pair Corr
0.64	SCCPX	Sterling Capital Porate	Pair Corr
0.63	SCCNX	Sterling Capital Porate	Pair Corr
0.61	STRDX	Sterling Capital Total	Pair Corr
0.36	BBNCX	Sterling Capital North	Pair Corr
0.72	SCSTX	Sterling Capital Sec	Pair Corr
0.71	SCSSX	Sterling Capital Sec	Pair Corr
0.7	SCSPX	Sterling Capital Sec	Pair Corr
0.34	SCREX	Mfs Variable Insurance	Pair Corr
0.33	BVACX	Sterling Capital Virginia	Pair Corr
0.33	BVAAX	Sterling Capital Virginia	Pair Corr

Related Correlations Analysis

	LANIX	PRNHX	OPTCX	USCAX	NQQQX	TWBIX	RYMBX
LANIX		0.93	0.96	0.91	0.4	0.88	0.03	LANIX
PRNHX	0.93		0.95	0.96	0.44	0.76	-0.08	PRNHX
OPTCX	0.96	0.95		0.91	0.38	0.8	-0.01	OPTCX
USCAX	0.91	0.96	0.91		0.4	0.83	-0.1	USCAX
NQQQX	0.4	0.44	0.38	0.4		0.1	0.08	NQQQX
TWBIX	0.88	0.76	0.8	0.83	0.1		-0.02	TWBIX
RYMBX	0.03	-0.08	-0.01	-0.1	0.08	-0.02		RYMBX
	LANIX	PRNHX	OPTCX	USCAX	NQQQX	TWBIX	RYMBX

Click cells to compare fundamentals

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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

OPTCX	+ 0.96	LANIX
USCAX	+ 0.96	PRNHX
OPTCX	+ 0.95	PRNHX
PRNHX	+ 0.93	LANIX
USCAX	+ 0.91	LANIX
USCAX	+ 0.91	OPTCX

High negative correlations

RYMBX	- 0.1	USCAX
RYMBX	- 0.08	PRNHX
RYMBX	- 0.02	TWBIX
RYMBX	- 0.01	OPTCX

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
LANIX	0.44	0.03	(0.01)	0.14	0.33	(0.53)	0.91	(0.82)	3.06
PRNHX	0.77	0.03	0.04	0.12	0.88	(0.84)	1.80	(1.28)	6.82
OPTCX	0.14	0.03	(0.28)	0.24	0.00	(0.21)	0.32	(0.21)	1.04
USCAX	0.87	(0.01)	0.04	0.08	0.77	(1.03)	2.07	(1.49)	7.45
NQQQX	0.79	(0.01)	(0.02)	0.07	1.59	(0.73)	1.55	(1.56)	9.55
TWBIX	0.33	(0.01)	(0.13)	0.07	0.35	(0.37)	0.75	(0.65)	2.38
RYMBX	0.83	0.10	(0.01)	(0.23)	0.97	(0.91)	1.82	(1.58)	4.53

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