Shelton International Correlations

SISEX Fund

USD 24.48 0.15 0.61%

The current 90-days correlation between Shelton International and Vanguard Total International is 0.76 (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

Modest diversification

The correlation between Shelton International Select and DJI is 0.21 (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

0.68	EMSLX	Shelton Emerging Markets	Pair Corr
0.76	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
0.89	VTMGX	Vanguard Developed	Pair Corr
0.87	VDVIX	Vanguard Developed	Pair Corr
0.9	VTMNX	Vanguard Developed	Pair Corr
0.9	VDIPX	Vanguard Developed	Pair Corr
0.86	FSPSX	Fidelity International	Pair Corr

Moving against Shelton Mutual Fund

0.36	SMCIX	Sp Smallcap Index	Pair Corr
0.36	SMLKX	Sp Smallcap Index	Pair Corr
0.32	SPMIX	Sp Midcap Index	Pair Corr
0.32	MIDKX	Sp Midcap Index	Pair Corr
0.61	KINCX	Kinetics Internet	Pair Corr
0.59	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.58	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.57	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.55	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.55	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.54	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.41	WIGRX	Wasatch E Growth	Pair Corr

Related Correlations Analysis

	VGTSX	VTIAX	VTSNX	VTPSX	VTISX	VTMGX	VDVIX	VTMNX	VDIPX	FSPSX
VGTSX		1.0	1.0	1.0	1.0	0.91	0.85	0.91	0.91	0.83	VGTSX
VTIAX	1.0		1.0	1.0	1.0	0.91	0.85	0.91	0.91	0.83	VTIAX
VTSNX	1.0	1.0		1.0	1.0	0.91	0.84	0.91	0.91	0.82	VTSNX
VTPSX	1.0	1.0	1.0		1.0	0.91	0.84	0.91	0.91	0.82	VTPSX
VTISX	1.0	1.0	1.0	1.0		0.91	0.84	0.91	0.9	0.82	VTISX
VTMGX	0.91	0.91	0.91	0.91	0.91		0.93	1.0	1.0	0.93	VTMGX
VDVIX	0.85	0.85	0.84	0.84	0.84	0.93		0.93	0.93	1.0	VDVIX
VTMNX	0.91	0.91	0.91	0.91	0.91	1.0	0.93		1.0	0.93	VTMNX
VDIPX	0.91	0.91	0.91	0.91	0.9	1.0	0.93	1.0		0.93	VDIPX
FSPSX	0.83	0.83	0.82	0.82	0.82	0.93	1.0	0.93	0.93		FSPSX
	VGTSX	VTIAX	VTSNX	VTPSX	VTISX	VTMGX	VDVIX	VTMNX	VDIPX	FSPSX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VGTSX	0.62	(0.11)	(0.13)	1.15	(1.56)	4.09
VTIAX	0.62	(0.11)	(0.12)	1.15	(1.59)	4.11
VTSNX	0.61	(0.11)	(0.13)	1.15	(1.57)	4.08
VTPSX	0.61	(0.11)	(0.13)	1.14	(1.57)	4.08
VTISX	0.61	(0.11)	(0.12)	1.14	(1.57)	4.09
VTMGX	0.63	(0.14)	(0.17)	0.98	(1.49)	3.94
VDVIX	0.64	(0.08)	1.82	0.96	(1.52)	4.01
VTMNX	0.63	(0.14)	(0.17)	0.99	(1.55)	3.94
VDIPX	0.63	(0.14)	(0.17)	1.02	(1.50)	3.93
FSPSX	0.65	(0.09)	1.89	0.91	(1.64)	4.06

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