Sterling Capital Correlations

Mutual Funds . USA . 
Fund . Sterling Capital Intermediate
BBGVX Fund  USD 8.94  0.03  0.34%   
The current 90-days correlation between Sterling Capital Int and Sa Emerging Markets is 0.13 (i.e., Average 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 Intermediate and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Capital Intermediate 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 Intermediate. 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

  0.99FSUUX American Funds GovernmentPairCorr
  0.99FSUGX American Funds GovernmentPairCorr
  1.0VFIJX Vanguard GnmaPairCorr
  0.93VSIGX Vanguard Intermediate-terPairCorr
  0.99UGSFX Us Government SecuritiesPairCorr
  0.99AMUSX Us Government SecuritiesPairCorr
  0.99UGSCX Us Government SecuritiesPairCorr
  0.98VMBSX Vanguard Mortgage-backedPairCorr
  0.99VFIIX Vanguard GnmaPairCorr
  0.99FUTBX Fidelity Sai TreasuryPairCorr
  0.92GPBFX Gmo E PlusPairCorr
  0.8GPMFX Guidepath Managed FuturesPairCorr
  0.85PQTAX Pimco Trends ManagedPairCorr
  0.85PQTNX Pimco Trends ManagedPairCorr
  0.85PQTIX Aa Pimco TrPairCorr
  0.83WARCX Wells Fargo AdvantagePairCorr
  0.77AA Alcoa CorpPairCorr
  0.61WMT WalmartPairCorr
  0.72INTC IntelPairCorr
  0.74IBM International BusinessPairCorr
  0.64BAC Bank of AmericaPairCorr

Moving against Sterling Mutual Fund

  0.69VZ Verizon CommunicationsPairCorr
  0.59BA BoeingPairCorr
  0.58T ATT IncPairCorr
  0.56DIS Walt Disney Earnings Call This WeekPairCorr
  0.49PG Procter GamblePairCorr

Related Correlations Analysis


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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