Sterling Capital Correlations

STMDX Fund

USD 36.58 0.24 0.65%

The current 90-days correlation between Sterling Capital Stratton and Columbia Real Estate is 0.9 (i.e., Almost no 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 Stratton and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Stratton 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 Stratton. 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 unemployment.

Moving together with Sterling Mutual Fund

0.71	O	Realty Income	Pair Corr
0.67	HR	Healthcare Realty Trust	Pair Corr
0.75	DOUG	Douglas Elliman	Pair Corr
0.61	VNO-PL	Vornado Realty Trust	Pair Corr
0.84	VICI	VICI Properties	Pair Corr
0.78	ELME	Elme Communities	Pair Corr
0.77	EPRT	Essential Properties Sell-off Trend	Pair Corr

Moving against Sterling Mutual Fund

0.41	VTMX	Corporacin Inmobiliaria	Pair Corr
0.31	ESBA	Empire State Realty Potential Growth	Pair Corr

Related Correlations Analysis

	CREEX	AIGYX	RPFRX	STRGX	SUSIX
CREEX		0.62	0.97	0.88	0.56	CREEX
AIGYX	0.62		0.72	0.57	0.91	AIGYX
RPFRX	0.97	0.72		0.87	0.65	RPFRX
STRGX	0.88	0.57	0.87		0.51	STRGX
SUSIX	0.56	0.91	0.65	0.51		SUSIX
	CREEX	AIGYX	RPFRX	STRGX	SUSIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CREEX	0.76	(0.04)	0.28	1.43	(1.52)	5.26
AIGYX	0.90	(0.25)	0.66	1.59	(2.44)	7.85
RPFRX	0.85	(0.05)	0.41	1.50	(1.81)	5.58
STRGX	0.81	(0.27)	(2.05)	1.34	(1.50)	13.14
SUSIX	0.86	(0.26)	(2.41)	1.07	(1.66)	13.61

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