Shelton Emerging Correlations

Mutual Funds . USA . 
Fund . Shelton Emerging Markets
EMSLX Fund  USD 17.42  0.09  0.52%   
The current 90-days correlation between Shelton Emerging Markets and Wcm Focused Emerging is 0.66 (i.e., Poor 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

Modest diversification

The correlation between Shelton Emerging Markets and DJI is 0.24 (i.e., Modest 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 bureau of economic analysis.

Moving together with Shelton Mutual Fund

  0.95VEMAX Vanguard Emerging MarketsPairCorr
  0.95VEIEX Vanguard Emerging MarketsPairCorr
  0.95VEMIX Vanguard Emerging MarketsPairCorr
  0.95VEMRX Vanguard Emerging MarketsPairCorr
  0.84FWWNX American Funds NewPairCorr
  0.84FNFWX American Funds NewPairCorr
  0.76NEWFX New World FundPairCorr
  0.84NWFFX New World FundPairCorr
  0.83NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr
  0.79NHS Neuberger Berman HighPairCorr
  0.7USGDX Morgan Stanley GovernmentPairCorr
  0.82SGDLX Sprott Gold EquityPairCorr
  0.73GIOIX Guggenheim Macro OppPairCorr
  0.73UTF Cohen And SteersPairCorr
  0.84HTD John Hancock TaxPairCorr
  0.76ABNOX Ab Bond InflationPairCorr
  0.68HWACX Hotchkis Wiley ValuePairCorr
  0.81DBIWX Dws Global MacroPairCorr
  0.74HRBDX Harbor Bond FundPairCorr
  0.77VICSX Vanguard Intermediate-terPairCorr

Moving against Shelton Mutual Fund

  0.37SPMIX Sp Midcap IndexPairCorr

Related Correlations Analysis

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