Sterling Capital Correlations

LCG Etf  USD 29.34  0.49  1.70%   
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.

Sterling Capital Correlation With Market

Good diversification

The correlation between Sterling Capital Focus and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Focus and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sterling Capital Focus. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Sterling Etf

  0.75VUG Vanguard Growth IndexPairCorr
  0.74IWF iShares Russell 1000PairCorr
  0.8IVW iShares SP 500PairCorr
  0.8SPYG SPDR Portfolio SPPairCorr
  0.8IUSG iShares Core SPPairCorr
  0.74VONG Vanguard Russell 1000PairCorr
  0.74MGK Vanguard Mega CapPairCorr
  0.74VRGWX Vanguard Russell 1000PairCorr
  0.77QQQM Invesco NASDAQ 100PairCorr
  0.7IWY iShares Russell TopPairCorr
  0.62HPQ HP IncPairCorr
  0.84AXP American ExpressPairCorr
  0.84WMT WalmartPairCorr
  0.84BAC Bank of America Aggressive PushPairCorr

Moving against Sterling Etf

  0.35PMBS PIMCO Mortgage BackedPairCorr
  0.47TRV The Travelers CompaniesPairCorr
  0.4VZ Verizon CommunicationsPairCorr

Related Correlations Analysis

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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   
MFDXABEQ
QQHUSXF
ABEQSTLG
USXFSTLG
MFDXSTLG
QQHSTLG
  
High negative correlations   
QQHMFDX
QQHABEQ
MFDXUSXF
USXFABEQ
QQHSTLG
MFDXSTLG

Sterling Capital Constituents Risk-Adjusted Indicators

There is a big difference between Sterling Etf performing well and Sterling Capital ETF 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.