Sterling Capital Correlations

SCSTX Fund

USD 9.06 0.02 0.22%

The current 90-days correlation between Sterling Capital Sec and Calvert Large Cap is 0.25 (i.e., Modest 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

Average diversification

The correlation between Sterling Capital Securitized and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Securitized and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sterling Capital Securitized. 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

0.9	BSCIX	Sterling Capital South	Pair Corr
0.84	BSCCX	Sterling Capital South	Pair Corr
0.91	BASCX	Sterling Capital South	Pair Corr
0.79	STMDX	Sterling Capital Stratton	Pair Corr
0.8	STMMX	Sterling Capital Stratton	Pair Corr
0.79	STMOX	Sterling Capital Stratton	Pair Corr
0.91	STRFX	Wells Fargo Large	Pair Corr
1.0	STRDX	Sterling Capital Total	Pair Corr
0.92	SCCNX	Sterling Capital Porate	Pair Corr
0.92	SCCMX	Sterling Capital Porate	Pair Corr
0.92	SCCPX	Sterling Capital Porate	Pair Corr
0.99	BBGVX	Sterling Capital Int	Pair Corr
0.61	BBISX	Sterling Capital Beh	Pair Corr
0.64	BBNTX	Sterling Capital North	Pair Corr
0.92	BBNCX	Sterling Capital North	Pair Corr
0.72	BBSCX	Sterling Capital Short	Pair Corr
1.0	SCSSX	Sterling Capital Sec	Pair Corr
0.94	SCSPX	Sterling Capital Sec	Pair Corr
0.81	SCREX	Mfs Variable Insurance	Pair Corr

Related Correlations Analysis

	CMIFX	TALCX	TACLX	MKFOX	FCLKX	AMFFX	WILCX
CMIFX		0.02	0.03	-0.23	0.09	-0.01	0.23	CMIFX
TALCX	0.02		0.9	0.25	0.75	0.91	0.79	TALCX
TACLX	0.03	0.9		0.04	0.55	0.95	0.93	TACLX
MKFOX	-0.23	0.25	0.04		0.51	0.18	-0.11	MKFOX
FCLKX	0.09	0.75	0.55	0.51		0.61	0.53	FCLKX
AMFFX	-0.01	0.91	0.95	0.18	0.61		0.85	AMFFX
WILCX	0.23	0.79	0.93	-0.11	0.53	0.85		WILCX
	CMIFX	TALCX	TACLX	MKFOX	FCLKX	AMFFX	WILCX

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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

AMFFX	+ 0.95	TACLX
WILCX	+ 0.93	TACLX
AMFFX	+ 0.91	TALCX
TACLX	+ 0.9	TALCX
WILCX	+ 0.85	AMFFX
WILCX	+ 0.79	TALCX

High negative correlations

MKFOX	- 0.23	CMIFX
WILCX	- 0.11	MKFOX
AMFFX	- 0.01	CMIFX

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
CMIFX	0.07	0.01	0.65	(0.64)	(0.12)	0.10	(0.10)	0.42
TALCX	0.51	(0.07)	0.00	0.75	0.00	1.17	(1.12)	2.91
TACLX	0.56	(0.05)	0.00	0.89	0.00	1.10	(1.14)	3.38
MKFOX	1.05	(0.11)	0.00	0.28	0.00	1.79	(2.81)	6.69
FCLKX	0.66	(0.02)	0.00	(0.11)	0.00	1.16	(1.89)	4.31
AMFFX	0.51	(0.07)	0.00	0.49	0.00	1.01	(1.07)	5.17
WILCX	0.56	(0.02)	0.00	(0.13)	0.00	0.85	(1.19)	6.32

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