Shelton Emerging Correlations

Mutual Funds . USA . 
Fund . Shelton Emerging Markets
EMSLX Fund  USD 19.34  0.13  0.68%   
The current 90-days correlation between Shelton Emerging Markets and Fidelity Advisor Emerging is 0.82 (i.e., Very poor diversification). The correlation of Shelton Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Shelton Emerging Markets and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton Emerging Markets 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 Emerging Markets. 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 bureau of economic analysis.

Moving together with Shelton Mutual Fund

  0.98NQQQX Shelton FundsPairCorr
  0.96SPMIX Sp Midcap IndexPairCorr
  1.0VEMAX Vanguard Emerging MarketsPairCorr
  1.0VEIEX Vanguard Emerging MarketsPairCorr
  1.0VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTISX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.95PCGRX Pioneer Mid CapPairCorr
  0.98GWOAX Gmo Global DevelopedPairCorr
  0.97CBLAX Columbia BalancedPairCorr
  0.74BIMIX Baird Intermediate BondPairCorr
  0.91STMUX Invesco Short TermPairCorr
  0.97WEGRX Allspring Emerging GrowthPairCorr
  0.79LSIIX Loomis Sayles InvestmentPairCorr
  0.68WACSX Western Asset EPairCorr
  0.97AACRX Strategic AllocationPairCorr
  0.98QGRPX Ubs Quality GrowthPairCorr
  0.86DLEUX Doubleline ShillerPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.72PGCAX Investment Grade PoratePairCorr
  0.98BEQAX Equity GrowthPairCorr
  0.97GCMRX Goldman Sachs MidPairCorr

Related Correlations Analysis

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