Sterling Capital Correlations
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 |
Moving together with Sterling Mutual Fund
| 0.62 | STMOX | Sterling Capital Stratton | PairCorr |
| 0.86 | STRSX | Sterling Capital Special | PairCorr |
| 0.77 | STSOX | Sterling Capital Stratton | PairCorr |
| 0.86 | STRBX | Sterling Capital Beh | PairCorr |
| 0.72 | STRNX | Sterling Capital Stratton | PairCorr |
| 0.78 | SCSIX | Sentinel Multi Asset | PairCorr |
Moving against Sterling Mutual Fund
| 0.94 | BAEIX | Sterling Capital Equity | PairCorr |
| 0.87 | STSCX | Sterling Capital Stratton | PairCorr |
| 0.68 | STRGX | Sterling Capital Stratton | PairCorr |
| 0.89 | BOPIX | Sterling Capital Special | PairCorr |
| 0.75 | BCEGX | Sterling Capital Equity | PairCorr |
| 0.73 | BOPCX | Sterling Capital Special | PairCorr |
| 0.7 | BOPAX | Sterling Capital Special | PairCorr |
| 0.39 | SPSCX | Sterling Capital Beh | PairCorr |
Related Correlations Analysis
| 0.8 | 0.74 | 0.6 | 0.67 | 0.34 | CREFX | ||
| 0.8 | 0.95 | 0.71 | 0.55 | 0.25 | SAREX | ||
| 0.74 | 0.95 | 0.8 | 0.65 | 0.12 | NRCFX | ||
| 0.6 | 0.71 | 0.8 | 0.85 | 0.13 | FREEX | ||
| 0.67 | 0.55 | 0.65 | 0.85 | 0.08 | MXREX | ||
| 0.34 | 0.25 | 0.12 | 0.13 | 0.08 | NRSCX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CREFX | 0.56 | (0.04) | 0.00 | (0.03) | 0.00 | 1.10 | 3.62 | |||
| SAREX | 0.58 | (0.06) | 0.00 | (0.08) | 0.00 | 1.05 | 3.66 | |||
| NRCFX | 0.52 | (0.05) | 0.00 | (0.05) | 0.00 | 0.92 | 3.12 | |||
| FREEX | 0.55 | (0.04) | 0.00 | (0.13) | 0.00 | 1.06 | 3.58 | |||
| MXREX | 0.59 | (0.01) | (0.06) | (0.01) | 0.79 | 0.98 | 3.70 | |||
| NRSCX | 0.28 | 0.00 | (0.11) | 0.30 | 0.36 | 0.57 | 1.72 |