Sterling Capital Correlations

BASCX Fund

USD 10.55 0.01 0.09%

The current 90-days correlation between Sterling Capital South and Fidelity Advisor Financial is -0.03 (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 South 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 South and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sterling Capital South. 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 world development indicators.

Moving together with Sterling Mutual Fund

0.99	BSCIX	Sterling Capital South	Pair Corr
0.99	BSCCX	Sterling Capital South	Pair Corr
0.85	BSGAX	Sterling Capital Short	Pair Corr
0.7	STRAX	Stralem Equity	Pair Corr
0.83	STRDX	Sterling Capital Total	Pair Corr
0.82	BBGVX	Sterling Capital Int	Pair Corr
0.7	BBISX	Sterling Capital Beh	Pair Corr
0.95	BBNTX	Sterling Capital North	Pair Corr
0.98	BBNCX	Sterling Capital North	Pair Corr
0.86	BBSCX	Sterling Capital Short	Pair Corr
0.87	SCSSX	Sterling Capital Sec	Pair Corr
0.82	SCSTX	Sterling Capital Sec	Pair Corr
0.86	SCSPX	Sterling Capital Sec	Pair Corr
0.85	BBSGX	Sterling Capital Short	Pair Corr
0.69	BBTGX	Sterling Capital Beh	Pair Corr
0.69	BCVCX	Sterling Capital Beh	Pair Corr
0.82	BUSIX	Sterling Capital Ultra	Pair Corr
0.85	BUSRX	Sterling Capital Ultra	Pair Corr
0.99	OWVAX	Sterling Capital West	Pair Corr

Moving against Sterling Mutual Fund

0.56	STRGX	Sterling Capital Stratton	Pair Corr
0.44	BAEIX	Sterling Capital Equity	Pair Corr
0.45	BCEGX	Sterling Capital Equity	Pair Corr
0.45	BEGIX	Sterling Capital Equity	Pair Corr

Related Correlations Analysis

	FIKBX	IAAEX	FNPIX	DVFYX	MSVIX
FIKBX		0.57	0.9	0.81	0.74	FIKBX
IAAEX	0.57		0.64	0.28	0.75	IAAEX
FNPIX	0.9	0.64		0.56	0.71	FNPIX
DVFYX	0.81	0.28	0.56		0.59	DVFYX
MSVIX	0.74	0.75	0.71	0.59		MSVIX
	FIKBX	IAAEX	FNPIX	DVFYX	MSVIX

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
FIKBX	0.69	(0.03)	(0.03)	0.05	1.02	(0.72)	1.55	(1.65)	5.55
IAAEX	0.69	0.04	(0.05)	(0.26)	0.76	(0.77)	1.77	(1.16)	4.01
FNPIX	0.95	(0.07)	(0.03)	0.03	1.40	(0.94)	1.71	(2.56)	5.80
DVFYX	0.69	(0.05)	(0.03)	0.03	1.12	(0.70)	1.45	(2.10)	6.24
MSVIX	0.87	(0.01)	(0.06)	0.04	1.05	(0.97)	1.72	(1.56)	4.74

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