Shelton International Correlations

Mutual Funds . USA . 
Fund . Shelton International Select
SISLX Fund  USD 26.94  0.08  0.30%   
The current 90-days correlation between Shelton International and Baron International Growth is 0.9 (i.e., Almost no diversification). 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

Poor diversification

The correlation between Shelton International Select and DJI is 0.73 (i.e., Poor 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 bureau of economic analysis.

Moving together with Shelton Mutual Fund

  0.91EMSLX Shelton Emerging MarketsPairCorr
  0.89EMSQX Shelton Emerging MarketsPairCorr
  0.97NQQQX Shelton FundsPairCorr
  0.88NASDX Nasdaq 100 IndexPairCorr
  0.89EQTKX Shelton E ValuePairCorr
  0.89EQTIX Shelton E ValuePairCorr
  0.88NDXKX Nasdaq 100 IndexPairCorr
  0.87NEXIX Shelton Green AlphaPairCorr
  0.87NEXTX Shelton Green AlphaPairCorr
  0.94SISEX Shelton InternationalPairCorr
  0.87SMCIX Sp Smallcap IndexPairCorr
  0.91SMLKX Sp Smallcap IndexPairCorr
  0.8DEBTX Shelton Tactical CreditPairCorr
  0.81DEBIX Shelton Tactical CreditPairCorr
  0.89SPFIX Sp 500 IndexPairCorr
  0.93SPMIX Sp Midcap IndexPairCorr
  0.93MIDKX Sp Midcap IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.99VTMGX Vanguard DevelopedPairCorr
  0.99VDVIX Vanguard DevelopedPairCorr
  0.99VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.98FSPSX Fidelity InternationalPairCorr
  0.75PDI Pimco Dynamic IncomePairCorr
  0.92FTCAX Templeton Strained BondPairCorr

Moving against Shelton Mutual Fund

  0.96USPSX Profunds UltrashortPairCorr
  0.96USPIX Profunds UltrashortPairCorr
  0.94UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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