Sterling Capital Correlations

Mutual Funds . USA . 
Fund . Sterling Capital Total
STRDX Fund  USD 9.37  0.02  0.21%   
The current 90-days correlation between Sterling Capital Total and Prudential Core Conservative is 0.06 (i.e., Significant 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

Modest diversification

The correlation between Sterling Capital Total and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Total 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 Total. 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

  0.92BSCIX Sterling Capital SouthPairCorr
  0.85BSCCX Sterling Capital SouthPairCorr
  0.92BASCX Sterling Capital SouthPairCorr
  0.8STMDX Sterling Capital StrattonPairCorr
  0.8STMMX Sterling Capital StrattonPairCorr
  0.8STMOX Sterling Capital StrattonPairCorr
  0.91STRFX Wells Fargo LargePairCorr
  0.91SCCNX Sterling Capital PoratePairCorr
  0.92SCCMX Sterling Capital PoratePairCorr
  0.92SCCPX Sterling Capital PoratePairCorr
  0.99BBGVX Sterling Capital IntPairCorr
  0.65BBISX Sterling Capital BehPairCorr
  0.66BBNTX Sterling Capital NorthPairCorr
  0.93BBNCX Sterling Capital NorthPairCorr
  0.74BBSCX Sterling Capital ShortPairCorr
  0.99SCSSX Sterling Capital SecPairCorr
  0.94SCSPX Sterling Capital SecPairCorr
  0.81SCREX Mfs Variable InsurancePairCorr
  0.61BBTGX Sterling Capital BehPairCorr
  0.61BCVCX Sterling Capital BehPairCorr

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   
MDBSX
+ 0.97
PQCNX
MNDWX
+ 0.95
PQCNX
MDBSX
+ 0.95
MNDWX
JDJRX
+ 0.91
FHCOX
VYRPX
+ 0.89
MNDWX
MDBSX
+ 0.86
VYRPX
  
High negative correlations   
SRDAX
- 0.43
PQCNX
MNDWX
- 0.33
SRDAX
MDBSX
- 0.28
SRDAX
VYRPX
- 0.16
SRDAX

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.

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