Shelton Emerging Correlations

Mutual Funds . USA . 
Fund . Shelton Emerging Markets
EMSLX Fund  USD 19.67  0.05  0.25%   
The current 90-days correlation between Shelton Emerging Markets and Fidelity Advisor Emerging is 0.18 (i.e., Average diversification). 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

Very weak diversification

The correlation between Shelton Emerging Markets and DJI is 0.43 (i.e., Very weak 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 bureau of economic analysis.

Moving together with Shelton Mutual Fund

  1.0EMSQX Shelton Emerging MarketsPairCorr
  0.97NQQQX Shelton FundsPairCorr
  0.98NASDX Nasdaq 100 IndexPairCorr
  0.97EQTKX Shelton E ValuePairCorr
  0.97EQTIX Shelton E ValuePairCorr
  0.98NDXKX Nasdaq 100 IndexPairCorr
  0.97NEXIX Shelton Green AlphaPairCorr
  0.97NEXTX Shelton Green AlphaPairCorr
  0.97SISEX Shelton InternationalPairCorr
  0.97SISLX Shelton InternationalPairCorr
  0.95SMCIX Sp Smallcap IndexPairCorr
  0.95SMLKX Sp Smallcap IndexPairCorr
  0.94DEBTX Shelton Tactical CreditPairCorr
  0.94DEBIX Shelton Tactical CreditPairCorr
  0.98SPFIX Sp 500 IndexPairCorr
  0.95SPMIX Sp Midcap IndexPairCorr
  0.95MIDKX Sp Midcap IndexPairCorr
  0.97SPXKX Sp 500 IndexPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.97NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.97NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.64RYMEX Commodities StrategyPairCorr
  0.64RYMJX Commodities StrategyPairCorr
  0.64RYMBX Commodities StrategyPairCorr
  0.82BRUFX Bruce Fund BrucePairCorr
  0.97SPGSX State Street PremierPairCorr
  0.9KF Korea ClosedPairCorr
  0.97CPEAX Catalyst Dynamic AlphaPairCorr
  0.95PYCGX Pioneer Mid CapPairCorr

Related Correlations Analysis

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