Shelton Emerging Correlations

Mutual Funds . USA . 
Fund . Shelton Emerging Markets
EMSQX Fund  USD 21.93  0.39  1.81%   
The current 90-days correlation between Shelton Emerging Markets and Blackrock All Cap Energy is 0.23 (i.e., Modest 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 0.4 (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 real.

Moving together with Shelton Mutual Fund

  0.83EMSLX Shelton Emerging MarketsPairCorr
  0.96CFNTX California Tax FreePairCorr
  0.76NQQQX Shelton FundsPairCorr
  0.79NASDX Nasdaq 100 IndexPairCorr
  0.73EQTKX Shelton E ValuePairCorr
  0.73EQTIX Shelton E ValuePairCorr
  0.79NDXKX Nasdaq 100 IndexPairCorr
  0.7NEXTX Shelton Green AlphaPairCorr
  0.68SISEX Shelton InternationalPairCorr
  0.68SISLX Shelton InternationalPairCorr
  0.65SMLKX Sp Smallcap IndexPairCorr
  0.68DEBTX Shelton Tactical CreditPairCorr
  0.7DEBIX Shelton Tactical CreditPairCorr
  0.61CAUKX Us Government SecuritiesPairCorr
  0.66CAUSX Us Government SecuritiesPairCorr
  0.88SPFIX Sp 500 IndexPairCorr
  0.77SPXKX Sp 500 IndexPairCorr
  0.84VEMAX Vanguard Emerging MarketsPairCorr
  0.84VEIEX Vanguard Emerging MarketsPairCorr
  0.84VEMIX Vanguard Emerging MarketsPairCorr
  0.84VEMRX Vanguard Emerging MarketsPairCorr
  0.85FWWNX American Funds NewPairCorr
  0.85FNFWX American Funds NewPairCorr
  0.85NEWFX New World FundPairCorr
  0.85NWFFX New World FundPairCorr
  0.85NEWCX New World FundPairCorr
  0.86ODVYX Oppenheimer DevelopingPairCorr
  0.76VSTSX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.76VFFSX Vanguard 500 IndexPairCorr
  0.77VFIAX Vanguard 500 IndexPairCorr
  0.76VTISX Vanguard Total InterPairCorr
  0.77VTSNX Vanguard Total InterPairCorr
  0.77VTPSX Vanguard Total InterPairCorr
  0.77VINIX Vanguard InstitutionalPairCorr
  0.76VTSAX Vanguard Total StockPairCorr
  0.97WINDX Wilshire 5000 IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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