Sterling Capital Correlations

Mutual Funds . USA . 
Fund . Sterling Capital Total
STRDX Fund  USD 9.33  0.01  0.11%   
The current 90-days correlation between Sterling Capital Total and Delaware Investments Ultrashort is -0.05 (i.e., Good 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 Total and DJI is 0.15 (i.e., Average 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

  0.83BSCIX Sterling Capital SouthPairCorr
  0.78BSCCX Sterling Capital SouthPairCorr
  0.81BASCX Sterling Capital SouthPairCorr
  0.96BSGAX Sterling Capital ShortPairCorr
  0.81STMDX Sterling Capital StrattonPairCorr
  0.8STMMX Sterling Capital StrattonPairCorr
  0.79STMOX Sterling Capital StrattonPairCorr
  0.96STRFX Wells Fargo LargePairCorr
  0.94SCCNX Sterling Capital PoratePairCorr
  0.95SCCMX Sterling Capital PoratePairCorr
  0.96SCCPX Sterling Capital PoratePairCorr
  0.99BBGVX Sterling Capital IntPairCorr
  0.7BBNTX Sterling Capital NorthPairCorr
  0.79BBNCX Sterling Capital NorthPairCorr
  0.69BBSCX Sterling Capital ShortPairCorr
  0.99SCSSX Sterling Capital SecPairCorr
  1.0SCSTX Sterling Capital SecPairCorr
  1.0SCSPX Sterling Capital SecPairCorr
  0.94BBSGX Sterling Capital ShortPairCorr
  0.81SCREX Mfs Variable InsurancePairCorr

Moving against Sterling Mutual Fund

  0.73STRSX Sterling Capital SpecialPairCorr
  0.72STSOX Sterling Capital StrattonPairCorr
  0.71STSNX Sterling Capital StrattonPairCorr
  0.7STRBX Sterling Capital BehPairCorr
  0.61STRGX Sterling Capital StrattonPairCorr
  0.54STSCX Sterling Capital StrattonPairCorr
  0.71SCSIX Sentinel Multi AssetPairCorr
  0.63STRNX Sterling Capital StrattonPairCorr
  0.62STRLX Sterling Capital StrattonPairCorr
  0.31OVEIX Sterling Capital MidPairCorr
  0.31OVEAX Sterling Capital MidPairCorr

Related Correlations Analysis

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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.

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