Shelton Emerging Correlations

EMSLX Fund

USD 21.39 0.23 1.06%

The current 90-days correlation between Shelton Emerging Markets and Lsv Managed Volatility is 0.28 (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

Average diversification

The correlation between Shelton Emerging Markets and DJI is 0.13 (i.e., Average 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 various price indices.

Moving together with Shelton Mutual Fund

0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.99	FWWNX	American Funds New	Pair Corr
0.99	FNFWX	American Funds New	Pair Corr
0.99	NEWFX	New World Fund	Pair Corr
0.99	NWFFX	New World Fund	Pair Corr
0.99	NEWCX	New World Fund	Pair Corr
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr
0.87	SMPIX	Semiconductor Ultrasector	Pair Corr
0.96	FELIX	Fidelity Advisor Sem	Pair Corr
0.97	ONERX	One Rock Fund	Pair Corr
0.95	RYVYX	Nasdaq 100 2x	Pair Corr
0.95	RYVLX	Nasdaq 100 2x	Pair Corr
0.96	FSELX	Fidelity Select Semi	Pair Corr
0.79	AXP	American Express	Pair Corr
0.79	BAC	Bank of America	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.84	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr

Moving against Shelton Mutual Fund

0.74	KO	Coca Cola Earnings Call This Week	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.42	CEE	Central Europe Russia	Pair Corr
0.32	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LVAMX	BGRWX	CSCVX	RYHHX	RYBCX	JMCRX	ICHKX	RYMFX	NOM	MASFX
LVAMX		0.84	0.0	0.85	0.87	0.87	0.84	0.67	0.69	0.0	LVAMX
BGRWX	0.84		0.0	0.79	0.8	0.74	0.83	0.68	0.72	0.0	BGRWX
CSCVX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	-1.0	CSCVX
RYHHX	0.85	0.79	0.0		0.95	0.69	0.92	0.9	0.77	0.0	RYHHX
RYBCX	0.87	0.8	0.0	0.95		0.67	0.93	0.92	0.7	0.0	RYBCX
JMCRX	0.87	0.74	0.0	0.69	0.67		0.67	0.41	0.72	0.0	JMCRX
ICHKX	0.84	0.83	0.0	0.92	0.93	0.67		0.87	0.77	0.0	ICHKX
RYMFX	0.67	0.68	0.0	0.9	0.92	0.41	0.87		0.57	0.0	RYMFX
NOM	0.69	0.72	0.0	0.77	0.7	0.72	0.77	0.57		0.0	NOM
MASFX	0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0		MASFX
	LVAMX	BGRWX	CSCVX	RYHHX	RYBCX	JMCRX	ICHKX	RYMFX	NOM	MASFX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RYBCX	+ 0.95	RYHHX
ICHKX	+ 0.93	RYBCX
ICHKX	+ 0.92	RYHHX
RYMFX	+ 0.92	RYBCX
RYMFX	+ 0.9	RYHHX
RYBCX	+ 0.87	LVAMX

High negative correlations

MASFX	- 1.0	CSCVX
MASFX	- 0.0	NOM
MASFX	- 0.0	RYMFX
MASFX	- 0.0	ICHKX
MASFX	- 0.0	JMCRX
MASFX	- 0.0	RYBCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LVAMX	0.47	0.05	0.00	(0.34)	0.50	(0.57)	1.14	(0.90)	2.88
BGRWX	0.51	0.03	(0.04)	(0.09)	0.68	(0.53)	1.12	(0.88)	3.80
CSCVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYHHX	0.18	0.03	(0.11)	(0.46)	0.00	(0.21)	0.41	(0.32)	1.39
RYBCX	0.87	0.14	0.07	(0.66)	0.94	(0.94)	1.93	(1.94)	5.03
JMCRX	0.92	0.04	(0.02)	(0.10)	1.00	(1.19)	2.16	(1.82)	6.73
ICHKX	0.87	0.12	0.06	1.19	1.03	(1.05)	1.92	(1.35)	6.83
RYMFX	0.47	0.12	0.09	(0.43)	0.40	(0.54)	1.22	(0.87)	4.12
NOM	0.66	(0.01)	(0.08)	(0.07)	0.71	(0.82)	1.67	(1.28)	3.85
MASFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC