Sterling Capital Correlations

STRMX Fund

USD 14.74 0.08 0.54%

The current 90-days correlation between Sterling Capital Mid and Ft 9331 Corporate is -0.09 (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

Good diversification

The correlation between Sterling Capital Mid and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Mid 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 Mid. 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 population.

Moving together with Sterling Mutual Fund

0.94	FLPKX	Fidelity Low Priced	Pair Corr
0.94	FLPSX	Fidelity Low Priced	Pair Corr
0.77	VMVAX	Vanguard Mid Cap	Pair Corr
0.97	JVMAX	John Hancock Disciplined	Pair Corr
0.98	JVMIX	John Hancock Disciplined	Pair Corr
0.98	VMVIX	Vanguard Mid Cap	Pair Corr
0.96	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.96	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.96	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.96	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.78	BAC	Bank of America	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.81	AXP	American Express	Pair Corr

Moving against Sterling Mutual Fund

0.61	GAAKX	Gmo Alternative Allo	Pair Corr
0.61	GAAGX	Gmo Alternative Allo	Pair Corr
0.32	GPBFX	Gmo E Plus	Pair Corr
0.38	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	FLQTVX	CBOEX	GHVIX	UIITX	PRVBX	ABNTX	ANBIX
FLQTVX		0.96	0.81	0.98	0.94	0.94	0.94	FLQTVX
CBOEX	0.96		0.8	0.98	0.97	0.97	0.97	CBOEX
GHVIX	0.81	0.8		0.83	0.89	0.89	0.88	GHVIX
UIITX	0.98	0.98	0.83		0.95	0.97	0.97	UIITX
PRVBX	0.94	0.97	0.89	0.95		0.97	0.97	PRVBX
ABNTX	0.94	0.97	0.89	0.97	0.97		1.0	ABNTX
ANBIX	0.94	0.97	0.88	0.97	0.97	1.0		ANBIX
	FLQTVX	CBOEX	GHVIX	UIITX	PRVBX	ABNTX	ANBIX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLQTVX	0.12	0.00	0.44	0.05	0.11	(0.12)	0.24	(0.23)	0.77
CBOEX	0.17	0.02	0.39	0.64	0.07	(0.21)	0.33	(0.24)	0.98
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
UIITX	0.23	0.02	0.29	0.56	0.18	(0.28)	0.55	(0.43)	1.45
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53
ABNTX	0.15	0.03	0.41	2.19	0.00	(0.21)	0.30	(0.39)	0.99
ANBIX	0.16	0.03	0.41	1.08	0.00	(0.21)	0.38	(0.38)	0.98

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