Shelton Core Correlations

EQTKX Fund

USD 15.99 0.10 0.62%

The correlation of Shelton Core 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 Core Correlation With Market

Almost no diversification

The correlation between Shelton E Value and DJI is 0.96 (i.e., Almost no 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 industry.

Moving together with Shelton Mutual Fund

0.97	EMSLX	Shelton Emerging Markets	Pair Corr
0.97	EMSQX	Shelton Emerging Markets	Pair Corr
0.94	NQQQX	Shelton Funds	Pair Corr
0.98	NASDX	Nasdaq 100 Index	Pair Corr
1.0	EQTIX	Shelton E Value	Pair Corr
0.66	NDXKX	Nasdaq 100 Index	Pair Corr
0.65	NEXIX	Shelton Green Alpha	Pair Corr
0.97	NEXTX	Shelton Green Alpha	Pair Corr
0.96	SISEX	Shelton International	Pair Corr
0.96	SISLX	Shelton International	Pair Corr
0.96	SMCIX	Sp Smallcap Index	Pair Corr
0.89	SMLKX	Sp Smallcap Index	Pair Corr
0.87	DEBTX	Shelton Tactical Credit	Pair Corr
0.87	DEBIX	Shelton Tactical Credit	Pair Corr
0.93	SPFIX	Sp 500 Index	Pair Corr
0.98	SPMIX	Sp Midcap Index	Pair Corr
0.91	MIDKX	Sp Midcap Index	Pair Corr
0.84	JEPAX	Jpmorgan Research Equity	Pair Corr
0.84	JEPCX	Jpmorgan Research Equity	Pair Corr
0.84	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.99	GSPKX	Goldman Sachs Equity	Pair Corr
0.99	GVIRX	Goldman Sachs Equity	Pair Corr
0.92	GSPAX	Goldman Sachs Equity	Pair Corr
0.92	GSPQX	Goldman Sachs Equity	Pair Corr
0.93	GSFPX	Goldman Sachs Equity	Pair Corr
0.99	GIDWX	Goldman Sachs Equity	Pair Corr
0.98	BMCIX	Blackrock High Equity	Pair Corr
0.98	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.93	RYVLX	Nasdaq 100 2x	Pair Corr
0.93	RYVYX	Nasdaq 100 2x	Pair Corr
0.98	UOPIX	Ultra Nasdaq 100	Pair Corr
0.98	RYCCX	Nasdaq 100 2x	Pair Corr
0.98	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.98	INPIX	Internet Ultrasector	Pair Corr
0.98	INPSX	Internet Ultrasector	Pair Corr
0.77	BIPIX	Biotechnology Ultrasector	Pair Corr

Related Correlations Analysis

	MPIXX	SMAAX	PFCXX	FMFXX	STSEX	GABXX	AEYXX
MPIXX		0.0	0.0	0.0	0.0	0.0	0.0	MPIXX
SMAAX	0.0		0.6	0.6	0.62	0.45	0.0	SMAAX
PFCXX	0.0	0.6		1.0	0.86	0.83	0.0	PFCXX
FMFXX	0.0	0.6	1.0		0.86	0.83	0.0	FMFXX
STSEX	0.0	0.62	0.86	0.86		0.81	0.0	STSEX
GABXX	0.0	0.45	0.83	0.83	0.81		0.0	GABXX
AEYXX	0.0	0.0	0.0	0.0	0.0	0.0		AEYXX
	MPIXX	SMAAX	PFCXX	FMFXX	STSEX	GABXX	AEYXX

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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

FMFXX	+ 1.0	PFCXX
STSEX	+ 0.86	PFCXX
STSEX	+ 0.86	FMFXX
GABXX	+ 0.83	PFCXX
GABXX	+ 0.83	FMFXX
GABXX	+ 0.81	STSEX

High negative correlations

AEYXX	- 0.0	GABXX
AEYXX	- 0.0	STSEX
AEYXX	- 0.0	FMFXX
AEYXX	- 0.0	PFCXX
AEYXX	- 0.0	SMAAX
AEYXX	- 0.0	MPIXX

Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton Core 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 Core'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
MPIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.20	0.01	(0.13)	(0.11)	0.41	(0.22)	0.31	(0.81)	2.16
PFCXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
FMFXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
STSEX	0.84	0.07	0.04	0.18	1.20	(0.85)	1.78	(1.83)	9.23
GABXX	0.03	0.00	0.00	0.80	0.00	0.00	0.00	0.00	1.01
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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