Shelton International Correlations

Mutual Funds . USA . 
Fund . Shelton International Select
SISLX Fund  USD 23.73  0.26  1.08%   
The current 90-days correlation between Shelton International and Baron International Growth is 0.26 (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 0.29 (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 bureau of economic analysis.

Moving together with Shelton Mutual Fund

  0.92EMSLX Shelton Emerging MarketsPairCorr
  0.92EMSQX Shelton Emerging MarketsPairCorr
  1.0SISEX Shelton InternationalPairCorr
  0.89DEBTX Shelton Tactical CreditPairCorr
  0.9DEBIX Shelton Tactical CreditPairCorr
  0.67CAUKX Us Government SecuritiesPairCorr
  0.62CAUSX Us Government SecuritiesPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.96VTMGX Vanguard DevelopedPairCorr
  0.96VDVIX Vanguard DevelopedPairCorr
  0.96VTMNX Vanguard DevelopedPairCorr
  0.96VDIPX Vanguard DevelopedPairCorr
  0.94FSPSX Fidelity InternationalPairCorr

Related Correlations Analysis

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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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