Shelton Tactical Correlations

Mutual Funds . USA . 
Fund . Shelton Tactical Credit
DEBTX Fund  USD 10.23  0.01  0.1%   
The current 90-days correlation between Shelton Tactical Credit and Dodge Global Stock is 0.17 (i.e., Average diversification). The correlation of Shelton Tactical 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 Tactical Correlation With Market

Good diversification

The correlation between Shelton Tactical Credit and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton Tactical Credit 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 Tactical Credit. 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 estimate.

Moving together with Shelton Mutual Fund

  0.76EMSLX Shelton Emerging MarketsPairCorr
  0.77EMSQX Shelton Emerging MarketsPairCorr
  0.65CFNTX California Tax FreePairCorr
  0.86SISEX Shelton InternationalPairCorr
  0.86SISLX Shelton InternationalPairCorr
  1.0DEBIX Shelton Tactical CreditPairCorr
  0.91CAUKX Us Government SecuritiesPairCorr
  0.91CAUSX Us Government SecuritiesPairCorr
  0.93BSIKX Blackrock StrategicPairCorr
  0.93BSICX Blackrock Strategic OppsPairCorr
  0.93BASIX Blackrock Strategic OppsPairCorr
  0.93BSIIX Blackrock StrategicPairCorr
  0.75JSORX Jpmorgan Strategic IncomePairCorr
  0.76JSOZX Jpmorgan Strategic IncomePairCorr
  0.73JSOCX Jpmorgan Strategic IncomePairCorr
  0.76JSOSX Jpmorgan Strategic IncomePairCorr
  0.73JSOAX Jpmorgan Strategic IncomePairCorr
  0.9PMZCX Pimco Mortgage OpporPairCorr
  0.67GAAVX Gmo Alternative AlloPairCorr
  0.87GABFX Gmo Asset AllocationPairCorr
  0.9GHVIX Gmo High YieldPairCorr

Moving against Shelton Mutual Fund

  0.59SMLKX Sp Smallcap IndexPairCorr
  0.58SMCIX Sp Smallcap IndexPairCorr
  0.52MIDKX Sp Midcap IndexPairCorr
  0.51SPMIX Sp Midcap IndexPairCorr
  0.44NEXTX Shelton Green AlphaPairCorr
  0.43NEXIX Shelton Green AlphaPairCorr
  0.39NQQQX Shelton FundsPairCorr
  0.39NASDX Nasdaq 100 IndexPairCorr
  0.39NDXKX Nasdaq 100 IndexPairCorr
  0.52GCAVX Gmo Small CapPairCorr
  0.35GMCQX Gmo Equity AllocationPairCorr

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 Tactical 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 Tactical'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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY