Shelton E Correlations

EQTIX Fund

USD 17.00 0.02 0.12%

The current 90-days correlation between Shelton E Value and Sp Smallcap Index is -0.16 (i.e., Good diversification). The correlation of Shelton E 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 E Correlation With Market

Good diversification

The correlation between Shelton E Value and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton E Value 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 E Value. 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 gross domestic product.

Moving together with Shelton Mutual Fund

0.94	EMSLX	Shelton Emerging Markets	Pair Corr
0.94	EMSQX	Shelton Emerging Markets	Pair Corr
0.98	NQQQX	Shelton Funds	Pair Corr
0.92	NASDX	Nasdaq 100 Index	Pair Corr
1.0	EQTKX	Shelton E Value	Pair Corr
0.92	NDXKX	Nasdaq 100 Index	Pair Corr
0.93	NEXIX	Shelton Green Alpha	Pair Corr
0.93	NEXTX	Shelton Green Alpha	Pair Corr
0.92	SISEX	Shelton International	Pair Corr
0.92	SISLX	Shelton International	Pair Corr
0.88	SMCIX	Sp Smallcap Index	Pair Corr
0.88	SMLKX	Sp Smallcap Index	Pair Corr
0.92	DEBTX	Shelton Tactical Credit	Pair Corr
0.89	DEBIX	Shelton Tactical Credit	Pair Corr
0.93	SPFIX	Sp 500 Index	Pair Corr
0.9	SPMIX	Sp Midcap Index	Pair Corr
0.97	MIDKX	Sp Midcap Index	Pair Corr
1.0	SPXKX	Sp 500 Index	Pair Corr
0.9	JEPAX	Jpmorgan Research Equity	Pair Corr
0.9	JEPCX	Jpmorgan Research Equity	Pair Corr
0.91	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.93	GSPKX	Goldman Sachs Equity	Pair Corr
0.93	GVIRX	Goldman Sachs Equity	Pair Corr
0.99	GSPAX	Goldman Sachs Equity	Pair Corr
0.99	GSPQX	Goldman Sachs Equity	Pair Corr
0.99	GSFPX	Goldman Sachs Equity	Pair Corr
0.93	GIDWX	Goldman Sachs Equity	Pair Corr
0.91	BMCIX	Blackrock High Equity	Pair Corr
0.89	SMPIX	Semiconductor Ultrasector	Pair Corr
0.94	SMPSX	Semiconductor Ultrasector	Pair Corr
0.9	RSNYX	Victory Global Natural	Pair Corr
0.93	RSNRX	Victory Global Natural	Pair Corr
0.9	RGNCX	Victory Global Natural	Pair Corr

Moving against Shelton Mutual Fund

0.43

CAUKX

Us Government Securities

Pair Corr

Related Correlations Analysis

	SMCIX	SPMIX	SPFIX	CAUSX	NSEIX
SMCIX		0.98	0.93	-0.23	0.98	SMCIX
SPMIX	0.98		0.97	-0.34	0.97	SPMIX
SPFIX	0.93	0.97		-0.41	0.96	SPFIX
CAUSX	-0.23	-0.34	-0.41		-0.24	CAUSX
NSEIX	0.98	0.97	0.96	-0.24		NSEIX
	SMCIX	SPMIX	SPFIX	CAUSX	NSEIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SPMIX	+ 0.98	SMCIX
NSEIX	+ 0.98	SMCIX
SPFIX	+ 0.97	SPMIX
NSEIX	+ 0.97	SPMIX
NSEIX	+ 0.96	SPFIX
SPFIX	+ 0.93	SMCIX

High negative correlations

CAUSX	- 0.41	SPFIX
CAUSX	- 0.34	SPMIX
NSEIX	- 0.24	CAUSX
CAUSX	- 0.23	SMCIX

Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton E 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 E'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
SMCIX	1.31	0.00	0.00	0.03	1.90	(1.47)	2.55	(2.94)	13.26
SPMIX	1.20	0.02	0.01	0.05	1.82	(1.30)	2.50	(2.63)	13.35
SPFIX	1.08	0.07	0.04	0.09	1.67	(1.07)	2.04	(2.35)	12.95
CAUSX	0.33	(0.01)	0.00	0.46	0.00	0.00	0.65	(0.65)	2.03
NSEIX	0.89	0.00	0.00	0.03	1.39	(0.92)	1.70	(1.79)	9.23

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC