Shelton International Correlations

SISLX Fund  USD 24.33  0.21  0.86%   
The current 90-days correlation between Shelton International and Baron International Growth is 0.74 (i.e., Poor 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

Weak diversification

The correlation between Shelton International Select and DJI is 0.37 (i.e., Weak 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

  0.93EMSLX Shelton Emerging MarketsPairCorr
  0.93EMSQX Shelton Emerging MarketsPairCorr
  1.0SISEX Shelton InternationalPairCorr
  0.88DEBTX Shelton Tactical CreditPairCorr
  0.89DEBIX Shelton Tactical CreditPairCorr
  0.89CAUKX Us Government SecuritiesPairCorr
  0.88CAUSX Us Government SecuritiesPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.97VTMGX Vanguard DevelopedPairCorr
  0.98VDVIX Vanguard DevelopedPairCorr
  0.98VTMNX Vanguard DevelopedPairCorr
  0.98VDIPX Vanguard DevelopedPairCorr
  0.97FSPSX Fidelity InternationalPairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.86KF Korea ClosedPairCorr
  0.98LIRRX Lord Abbett InternationalPairCorr
  0.99RIGEX International Growth AndPairCorr

Moving against Shelton Mutual Fund

  0.66SMLKX Sp Smallcap IndexPairCorr
  0.65SMCIX Sp Smallcap IndexPairCorr
  0.57MIDKX Sp Midcap IndexPairCorr
  0.55SPMIX Sp Midcap IndexPairCorr
  0.51NEXTX Shelton Green Alpha Potential GrowthPairCorr
  0.5NEXIX Shelton Green Alpha Potential GrowthPairCorr
  0.48NDXKX Nasdaq 100 IndexPairCorr
  0.47NQQQX Shelton FundsPairCorr
  0.46NASDX Nasdaq 100 IndexPairCorr
  0.38SPXKX Sp 500 IndexPairCorr
  0.36SPFIX Sp 500 IndexPairCorr
  0.35EQTKX Shelton E ValuePairCorr
  0.32EQTIX Shelton E ValuePairCorr
  0.58SPGSX State Street PremierPairCorr

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   
MDILXBIGFX
DILAXSISEX
SISEXBIGFX
MDILXSISEX
MDILXDILAX
DILAXBIGFX
  
High negative correlations   
BCSVXDILAX
BCSVXSISEX

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.