Shelton Emerging Correlations

EMSQX Fund

USD 17.89 0.08 0.45%

The current 90-days correlation between Shelton Emerging Markets and Shelton Emerging Markets is 1.0 (i.e., No risk reduction). 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

Significant diversification

The correlation between Shelton Emerging Markets and DJI is 0.01 (i.e., Significant 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

1.0	EMSLX	Shelton Emerging Markets	Pair Corr
0.76	SISEX	Shelton International	Pair Corr
0.76	SISLX	Shelton International	Pair Corr
0.85	VEMAX	Vanguard Emerging Markets	Pair Corr
0.8	VEIEX	Vanguard Emerging Markets	Pair Corr
0.8	VEMIX	Vanguard Emerging Markets	Pair Corr
0.8	VEMRX	Vanguard Emerging Markets	Pair Corr
0.82	FWWNX	American Funds New	Pair Corr
0.89	FNFWX	American Funds New	Pair Corr
0.82	NEWFX	New World Fund	Pair Corr
0.82	NWFFX	New World Fund	Pair Corr
0.82	NEWCX	New World Fund	Pair Corr
0.87	ODVYX	Oppenheimer Developing	Pair Corr
0.71	VTISX	Vanguard Total Inter	Pair Corr
0.71	VTSNX	Vanguard Total Inter	Pair Corr
0.71	VTPSX	Vanguard Total Inter	Pair Corr

Moving against Shelton Mutual Fund

0.47	EQTKX	Shelton E Value	Pair Corr
0.47	EQTIX	Shelton E Value	Pair Corr
0.58	VEXRX	Vanguard Explorer	Pair Corr
0.55	VSTSX	Vanguard Total Stock	Pair Corr
0.55	VSMPX	Vanguard Total Stock	Pair Corr
0.55	VTSAX	Vanguard Total Stock	Pair Corr
0.54	VITSX	Vanguard Total Stock	Pair Corr
0.53	USPRX	Sp 500 Index Potential Growth	Pair Corr
0.52	VFFSX	Vanguard 500 Index	Pair Corr
0.52	VINIX	Vanguard Institutional	Pair Corr
0.51	VFIAX	Vanguard 500 Index	Pair Corr
0.34	FMAGX	Fidelity Magellan	Pair Corr

Related Correlations Analysis

	EMSLX	EMSQX	CFNTX	NQQQX	NASDX	EQTKX	EQTIX	NDXKX	NEXIX	NEXTX
EMSLX		1.0	-0.11	0.07	0.1	-0.47	-0.48	0.14	-0.2	-0.19	EMSLX
EMSQX	1.0		-0.11	0.07	0.1	-0.47	-0.47	0.14	-0.19	-0.18	EMSQX
CFNTX	-0.11	-0.11		-0.61	-0.65	-0.08	-0.08	-0.66	0.19	0.19	CFNTX
NQQQX	0.07	0.07	-0.61		0.84	0.42	0.42	0.84	0.25	0.25	NQQQX
NASDX	0.1	0.1	-0.65	0.84		0.42	0.41	1.0	0.14	0.14	NASDX
EQTKX	-0.47	-0.47	-0.08	0.42	0.42		1.0	0.36	0.75	0.74	EQTKX
EQTIX	-0.48	-0.47	-0.08	0.42	0.41	1.0		0.36	0.75	0.74	EQTIX
NDXKX	0.14	0.14	-0.66	0.84	1.0	0.36	0.36		0.1	0.1	NDXKX
NEXIX	-0.2	-0.19	0.19	0.25	0.14	0.75	0.75	0.1		1.0	NEXIX
NEXTX	-0.19	-0.18	0.19	0.25	0.14	0.74	0.74	0.1	1.0		NEXTX
	EMSLX	EMSQX	CFNTX	NQQQX	NASDX	EQTKX	EQTIX	NDXKX	NEXIX	NEXTX

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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

EMSQX	+ 1.0	EMSLX
NDXKX	+ 1.0	NASDX
EQTIX	+ 1.0	EQTKX
NEXTX	+ 1.0	NEXIX
NASDX	+ 0.84	NQQQX
NDXKX	+ 0.84	NQQQX

High negative correlations

NDXKX	- 0.66	CFNTX
NASDX	- 0.65	CFNTX
NQQQX	- 0.61	CFNTX
EQTIX	- 0.48	EMSLX
EQTIX	- 0.47	EMSQX
EQTKX	- 0.47	EMSQX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMSLX	0.73	0.01	(0.06)	0.68	1.07	(0.75)	1.76	(1.08)	6.36
EMSQX	0.74	0.01	(0.06)	1.05	1.05	(0.78)	1.79	(1.06)	6.32
CFNTX	0.12	(0.02)	0.00	(0.36)	0.00	0.00	0.28	(0.37)	1.12
NQQQX	0.79	0.05	(0.01)	0.88	1.59	(0.73)	1.55	(1.56)	9.55
NASDX	0.80	0.01	(0.01)	0.10	1.53	(0.75)	1.53	(1.54)	9.59
EQTKX	0.39	0.03	0.00	0.12	0.30	(0.45)	0.78	(0.76)	2.72
EQTIX	0.39	0.03	0.00	0.13	0.32	(0.43)	0.79	(0.77)	2.78
NDXKX	0.81	0.01	(0.01)	0.09	1.62	(0.76)	1.55	(1.55)	9.94
NEXIX	0.66	0.03	(0.04)	0.34	0.68	(0.74)	1.42	(1.16)	3.35
NEXTX	0.67	0.03	(0.04)	0.31	0.68	(0.79)	1.45	(1.16)	3.37

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