Shelton International Correlations

SISLX Fund

USD 28.42 0.27 0.94%

The current 90-days correlation between Shelton International and Shelton International Select is 1.0 (i.e., No risk reduction). The correlation of Shelton International 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 International Correlation With Market

Very weak diversification

The correlation between Shelton International Select and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton International Select and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shelton International Select. 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 inflation.

Moving together with Shelton Mutual Fund

0.74	EMSLX	Shelton Emerging Markets	Pair Corr
0.82	EMSQX	Shelton Emerging Markets	Pair Corr
0.73	CFNTX	California Tax Free	Pair Corr
0.62	NQQQX	Shelton Funds	Pair Corr
0.71	NASDX	Nasdaq 100 Index	Pair Corr
0.82	EQTKX	Shelton E Value	Pair Corr
0.81	EQTIX	Shelton E Value	Pair Corr
0.71	NDXKX	Nasdaq 100 Index	Pair Corr
0.79	NEXIX	Shelton Green Alpha	Pair Corr
0.79	NEXTX	Shelton Green Alpha	Pair Corr
1.0	SISEX	Shelton International	Pair Corr
0.67	SMCIX	Sp Smallcap Index	Pair Corr
0.66	SMLKX	Sp Smallcap Index	Pair Corr
0.71	DEBTX	Shelton Tactical Credit	Pair Corr
0.71	DEBIX	Shelton Tactical Credit	Pair Corr
0.74	CAUKX	Us Government Securities	Pair Corr
0.73	CAUSX	Us Government Securities	Pair Corr
0.75	SPFIX	Sp 500 Index	Pair Corr
0.75	SPXKX	Sp 500 Index	Pair Corr
0.83	VGTSX	Vanguard Total Inter	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.83	VTSNX	Vanguard Total Inter	Pair Corr
0.83	VTPSX	Vanguard Total Inter	Pair Corr
0.75	VTISX	Vanguard Total Inter	Pair Corr
0.82	VTMGX	Vanguard Developed	Pair Corr
0.82	VDVIX	Vanguard Developed	Pair Corr
0.82	VTMNX	Vanguard Developed	Pair Corr
0.74	VDIPX	Vanguard Developed	Pair Corr
0.81	FSPSX	Fidelity International	Pair Corr

Moving against Shelton Mutual Fund

0.71	USPSX	Profunds Ultrashort	Pair Corr
0.71	USPIX	Profunds Ultrashort	Pair Corr
0.63	TCTGX	Transamerica Cleartrack	Pair Corr
0.63	TCTJX	Transamerica Cleartrack	Pair Corr
0.62	TDKTX	Cleartrack 2015 Class	Pair Corr
0.62	TCSUX	Cleartrack 2020 Class	Pair Corr
0.49	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	SISEX	CAMAX	EVCGX	GTCIX	AIAFX	FLRAX	FLYCX	PIEFX	SSEFX	FQUAX
SISEX		0.0	0.73	0.69	0.62	0.67	0.68	0.81	-0.07	0.02	SISEX
CAMAX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CAMAX
EVCGX	0.73	0.0		0.7	0.5	0.78	0.78	0.9	-0.37	-0.29	EVCGX
GTCIX	0.69	0.0	0.7		0.68	0.87	0.86	0.77	-0.59	-0.39	GTCIX
AIAFX	0.62	0.0	0.5	0.68		0.66	0.66	0.6	-0.38	-0.31	AIAFX
FLRAX	0.67	0.0	0.78	0.87	0.66		1.0	0.86	-0.45	-0.55	FLRAX
FLYCX	0.68	0.0	0.78	0.86	0.66	1.0		0.86	-0.44	-0.54	FLYCX
PIEFX	0.81	0.0	0.9	0.77	0.6	0.86	0.86		-0.44	-0.44	PIEFX
SSEFX	-0.07	0.0	-0.37	-0.59	-0.38	-0.45	-0.44	-0.44		0.62	SSEFX
FQUAX	0.02	0.0	-0.29	-0.39	-0.31	-0.55	-0.54	-0.44	0.62		FQUAX
	SISEX	CAMAX	EVCGX	GTCIX	AIAFX	FLRAX	FLYCX	PIEFX	SSEFX	FQUAX

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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

FLYCX	+ 1.0	FLRAX
PIEFX	+ 0.9	EVCGX
FLRAX	+ 0.87	GTCIX
FLYCX	+ 0.86	GTCIX
PIEFX	+ 0.86	FLRAX
PIEFX	+ 0.86	FLYCX

High negative correlations

SSEFX	- 0.59	GTCIX
FQUAX	- 0.55	FLRAX
FQUAX	- 0.54	FLYCX
SSEFX	- 0.45	FLRAX
FQUAX	- 0.44	PIEFX
SSEFX	- 0.44	PIEFX

Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton International 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 International'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
SISEX	0.55	(0.01)	(0.05)	0.04	0.77	(0.53)	1.15	(0.98)	3.83
CAMAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVCGX	0.91	0.11	0.03	(4.32)	1.17	(0.97)	1.86	(1.54)	7.09
GTCIX	0.45	0.06	0.03	0.22	0.45	(0.47)	0.99	(0.96)	2.57
AIAFX	0.42	0.04	(0.06)	(0.36)	0.47	(0.45)	0.81	(0.79)	2.40
FLRAX	0.53	0.05	(0.02)	(1.31)	0.81	(0.50)	1.16	(1.00)	4.45
FLYCX	0.53	0.05	(0.02)	(1.25)	0.80	(0.49)	1.16	(0.99)	4.45
PIEFX	0.79	0.08	0.06	0.18	0.96	(0.88)	1.63	(1.37)	6.17
SSEFX	0.90	(0.14)	0.00	2.07	0.00	0.00	1.89	(1.99)	6.20
FQUAX	0.53	(0.09)	0.00	(0.05)	0.00	0.00	0.85	(1.20)	3.34

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