Sterling Capital Behavioral Fund Market Value
| BCVCX Fund | USD 26.34 0.02 0.08% |
| Symbol | Sterling |
Sterling Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sterling Capital's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sterling Capital.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Sterling Capital on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sterling Capital Behavioral or generate 0.0% return on investment in Sterling Capital over 30 days. Sterling Capital is related to or competes with Dodge Cox, American Funds, American Funds, American Mutual, and Vanguard Value. The fund normally invests at least 80 percent of its net assets plus borrowings for investment purposes in the equity se... More
Sterling Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sterling Capital's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sterling Capital Behavioral upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8029 | |||
| Information Ratio | 0.0581 | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.16 |
Sterling Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sterling Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sterling Capital's standard deviation. In reality, there are many statistical measures that can use Sterling Capital historical prices to predict the future Sterling Capital's volatility.| Risk Adjusted Performance | 0.1174 | |||
| Jensen Alpha | 0.0454 | |||
| Total Risk Alpha | 0.0314 | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 0.1276 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sterling Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sterling Capital Beh Backtested Returns
We consider Sterling Capital very steady. Sterling Capital Beh owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sterling Capital Behavioral, which you can use to evaluate the volatility of the fund. Please validate Sterling Capital's Semi Deviation of 0.5748, risk adjusted performance of 0.1174, and Coefficient Of Variation of 536.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0968%. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Sterling Capital returns are very sensitive to returns on the market. As the market goes up or down, Sterling Capital is expected to follow.
Auto-correlation | -0.56 |
Good reverse predictability
Sterling Capital Behavioral has good reverse predictability. Overlapping area represents the amount of predictability between Sterling Capital time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sterling Capital Beh price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Sterling Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Sterling Capital Beh lagged returns against current returns
Autocorrelation, which is Sterling Capital mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sterling Capital's mutual fund expected returns. We can calculate the autocorrelation of Sterling Capital returns to help us make a trade decision. For example, suppose you find that Sterling Capital has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sterling Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sterling Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sterling Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sterling Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sterling Capital Lagged Returns
When evaluating Sterling Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sterling Capital mutual fund have on its future price. Sterling Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sterling Capital autocorrelation shows the relationship between Sterling Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sterling Capital Behavioral.
Regressed Prices |
| Timeline |
Pair Trading with Sterling Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sterling Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sterling Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Sterling Mutual Fund
| 0.94 | BAEIX | Sterling Capital Equity | PairCorr |
| 0.97 | SBIAX | Sterling Capital Beh | PairCorr |
| 0.97 | SBIDX | Sterling Capital Beh | PairCorr |
| 0.97 | SBIIX | Sterling Capital Beh | PairCorr |
The ability to find closely correlated positions to Sterling Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sterling Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sterling Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sterling Capital Behavioral to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sterling Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sterling Capital Beh moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sterling Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Sterling Capital Correlation, Sterling Capital Volatility and Sterling Capital Alpha and Beta module to complement your research on Sterling Capital. Note that the Sterling Capital Beh information on this page should be used as a complementary analysis to other Sterling Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Sterling Capital technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.