Shelton Tactical Correlations

Mutual Funds . USA . 
Fund . Shelton Tactical Credit
DEBTX Fund  USD 10.32  0.01  0.1%   
The current 90-days correlation between Shelton Tactical Credit and Ab Global Bond is 0.5 (i.e., Very weak diversification). The correlation of Shelton Tactical 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.

Shelton Tactical Correlation With Market

Modest diversification

The correlation between Shelton Tactical Credit and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton Tactical Credit and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Shelton Tactical Credit. 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 estimate.

Moving together with Shelton Mutual Fund

  0.92EMSLX Shelton Emerging MarketsPairCorr
  0.92EMSQX Shelton Emerging MarketsPairCorr
  0.9NQQQX Shelton FundsPairCorr
  0.9NASDX Nasdaq 100 IndexPairCorr
  0.89EQTKX Shelton E ValuePairCorr
  0.89EQTIX Shelton E ValuePairCorr
  0.9NDXKX Nasdaq 100 IndexPairCorr
  0.93NEXIX Shelton Green AlphaPairCorr
  0.93NEXTX Shelton Green AlphaPairCorr
  0.94SISEX Shelton InternationalPairCorr
  0.94SISLX Shelton InternationalPairCorr
  0.82SMCIX Sp Smallcap IndexPairCorr
  0.83SMLKX Sp Smallcap IndexPairCorr
  0.98DEBIX Shelton Tactical CreditPairCorr
  0.9SPFIX Sp 500 IndexPairCorr
  0.86SPMIX Sp Midcap IndexPairCorr
  0.86MIDKX Sp Midcap IndexPairCorr
  0.92SPXKX Sp 500 IndexPairCorr
  0.91BSIKX Blackrock StrategicPairCorr
  0.95BSICX Blackrock Strategic OppsPairCorr
  0.92BASIX Blackrock Strategic OppsPairCorr
  0.91BSIIX Blackrock StrategicPairCorr
  0.82JSORX Jpmorgan Strategic IncomePairCorr
  0.81JSOZX Jpmorgan Strategic IncomePairCorr
  0.85JSOCX Jpmorgan Strategic IncomePairCorr
  0.82JSOSX Jpmorgan Strategic IncomePairCorr
  0.82JSOAX Jpmorgan Strategic IncomePairCorr
  0.9SMPIX Semiconductor UltrasectorPairCorr
  0.9SMPSX Semiconductor UltrasectorPairCorr
  0.84TTEEX T Rowe PricePairCorr
  0.84TREMX T Rowe PricePairCorr
  0.92CISGX Touchstone Sands CapitalPairCorr
  0.88ONERX One Rock FundPairCorr
  0.74CEE Central Europe RussiaPairCorr
  0.67WWWFX Kinetics InternetPairCorr

Moving against Shelton Mutual Fund

  0.36CAUKX Us Government SecuritiesPairCorr
  0.33CAUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton Tactical 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 Shelton Tactical'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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