Shelton Emerging Correlations

Mutual Funds . USA . 
Fund . Shelton Emerging Markets
EMSQX Fund  USD 17.68  0.09  0.51%   
The current 90-days correlation between Shelton Emerging Markets and Ab Global Risk is 0.25 (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

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 producer price index.

Moving together with Shelton Mutual Fund

  1.0EMSLX Shelton Emerging MarketsPairCorr
  0.95VEMAX Vanguard Emerging MarketsPairCorr
  0.95VEIEX Vanguard Emerging MarketsPairCorr
  0.95VEMIX Vanguard Emerging MarketsPairCorr
  0.95VEMRX Vanguard Emerging MarketsPairCorr
  0.85FWWNX American Funds NewPairCorr
  0.85FNFWX 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
  0.71USGDX Morgan Stanley GovernmentPairCorr
  0.82SGDLX Sprott Gold EquityPairCorr
  0.73GIOIX Guggenheim Macro OppPairCorr
  0.74UTF 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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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   
FMUUX
+ 0.94
PRVBX
DIHRX
+ 0.91
PRVBX
DIHRX
+ 0.91
FMUUX
FZNQEX
+ 0.86
PRVBX
FZNQEX
+ 0.76
FMUUX
DIHRX
+ 0.76
FZNQEX
  
High negative correlations   
FZNQEX
- 0.35
FZNOPX
FMUUX
- 0.35
FZNOPX
FZNOPX
- 0.32
PRVBX
DIHRX
- 0.16
FZNOPX

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.

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