Sterling Capital Correlations

STMDX Fund

USD 36.10 0.18 0.50%

The current 90-days correlation between Sterling Capital Stratton and Columbia Real Estate is 0.99 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Sterling Capital Stratton and DJI is 0.51 (i.e., Very weak 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

0.82	O	Realty Income	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.88	FR	First Industrial Realty	Pair Corr
0.65	WY	Weyerhaeuser	Pair Corr
0.72	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.66	VNO-PL	Vornado Realty Trust	Pair Corr
0.72	VICI	VICI Properties	Pair Corr
0.79	MITT-PA	AG Mortgage Investment	Pair Corr
0.84	MITT-PB	AG Mortgage Investment	Pair Corr
0.74	MITT-PC	AG Mortgage Investment	Pair Corr
0.76	ELME	Elme Communities	Pair Corr
0.71	EPRT	Essential Properties	Pair Corr
0.85	WELL	Welltower	Pair Corr
0.66	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against Sterling Mutual Fund

0.57	PW	Power REIT Earnings Call Tomorrow	Pair Corr
0.55	PK	Park Hotels Resorts	Pair Corr
0.32	RC	Ready Capital Corp	Pair Corr
0.55	WETH	Wetouch Technology Common	Pair Corr
0.54	ESBA	Empire State Realty	Pair Corr
0.51	ESRT	Empire State Realty	Pair Corr
0.63	WHLR	Wheeler Real Estate	Pair Corr
0.58	AAT	American Assets Trust	Pair Corr

Related Correlations Analysis

	CREEX	AIGYX	RPFRX	STRGX	SUSIX
CREEX		0.59	0.91	0.15	0.2	CREEX
AIGYX	0.59		0.72	0.18	0.65	AIGYX
RPFRX	0.91	0.72		0.07	0.3	RPFRX
STRGX	0.15	0.18	0.07		0.67	STRGX
SUSIX	0.2	0.65	0.3	0.67		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	0.92	(0.06)	(0.08)	1.74	(2.14)	4.56
AIGYX	1.06	(0.22)	(0.29)	1.69	(2.44)	7.77
RPFRX	1.01	(0.08)	(0.10)	1.64	(2.29)	4.74
STRGX	0.79	(0.07)	(0.07)	1.44	(1.55)	4.10
SUSIX	1.02	(0.27)	(0.44)	1.62	(1.96)	12.71

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