Shelton International Correlations

SISEX Fund

USD 24.79 0.15 0.61%

The current 90-days correlation between Shelton International and Eventide Healthcare Life is 0.28 (i.e., Modest 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

Modest diversification

The correlation between Shelton International Select and DJI is 0.2 (i.e., Modest 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 income.

Moving together with Shelton Mutual Fund

0.78	EMSLX	Shelton Emerging Markets	Pair Corr
0.78	EMSQX	Shelton Emerging Markets	Pair Corr
1.0	SISLX	Shelton International	Pair Corr
0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.95	VTSNX	Vanguard Total Inter	Pair Corr
0.95	VTPSX	Vanguard Total Inter	Pair Corr
0.95	VTISX	Vanguard Total Inter	Pair Corr
0.9	VTMGX	Vanguard Developed	Pair Corr
0.89	VDVIX	Vanguard Developed	Pair Corr
0.9	VTMNX	Vanguard Developed	Pair Corr
0.9	VDIPX	Vanguard Developed	Pair Corr
0.89	FSPSX	Fidelity International	Pair Corr
0.89	BTMPX	Ishares Msci Eafe	Pair Corr
0.89	BTMKX	Blackrock International	Pair Corr
0.89	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Shelton Mutual Fund

0.38	SMCIX	Sp Smallcap Index Downward Rally	Pair Corr
0.38	SMLKX	Sp Smallcap Index	Pair Corr
0.33	SPMIX	Sp Midcap Index	Pair Corr
0.33	MIDKX	Sp Midcap Index	Pair Corr
0.65	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.64	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.47	FSMMX	Fs Multi Strategy	Pair Corr
0.36	RYMDX	Mid Cap 15x	Pair Corr
0.31	CSQ	Calamos Strategic Total	Pair Corr

Related Correlations Analysis

	ETIHX	ETILX	ETIDX	IOFIX
ETIHX		0.03	-0.18	0.27	ETIHX
ETILX	0.03		0.94	-0.42	ETILX
ETIDX	-0.18	0.94		-0.53	ETIDX
IOFIX	0.27	-0.42	-0.53		IOFIX
	ETIHX	ETILX	ETIDX	IOFIX

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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

ETIDX	+ 0.94	ETILX
IOFIX	+ 0.27	ETIHX
ETILX	+ 0.03	ETIHX

High negative correlations

IOFIX	- 0.53	ETIDX
IOFIX	- 0.42	ETILX
ETIDX	- 0.18	ETIHX

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
ETIHX	1.02	(0.15)	(0.09)	(0.01)	1.50	(0.96)	2.28	(2.30)	7.56
ETILX	0.76	(0.01)	(0.01)	0.12	0.94	(0.85)	1.72	(1.72)	4.80
ETIDX	0.61	0.03	0.01	0.16	0.59	(0.64)	1.37	(1.03)	3.57
IOFIX	0.21	(0.02)	0.00	(9.78)	0.00	0.00	0.40	(0.40)	1.45

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