Shelton Funds Correlations

Mutual Funds . USA . 
Fund . Shelton Funds
NQQQX Fund  USD 42.15  0.22  0.52%   
The current 90-days correlation between Shelton Funds and Aqr Tm Emerging is 0.79 (i.e., Poor diversification). The correlation of Shelton Funds 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 Funds Correlation With Market

Good diversification

The correlation between Shelton Funds and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton Funds and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Shelton Funds . 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

  0.95EMSLX Shelton Emerging MarketsPairCorr
  0.95EMSQX Shelton Emerging MarketsPairCorr
  0.86NASDX Nasdaq 100 IndexPairCorr
  0.94EQTKX Shelton E ValuePairCorr
  0.9EQTIX Shelton E ValuePairCorr
  0.96NDXKX Nasdaq 100 IndexPairCorr
  0.85NEXIX Shelton Green AlphaPairCorr
  0.83NEXTX Shelton Green AlphaPairCorr
  0.95SISEX Shelton InternationalPairCorr
  0.95SISLX Shelton InternationalPairCorr
  0.9SMCIX Sp Smallcap IndexPairCorr
  0.79SMLKX Sp Smallcap IndexPairCorr
  0.87DEBTX Shelton Tactical CreditPairCorr
  0.85DEBIX Shelton Tactical CreditPairCorr
  0.84SPFIX Sp 500 IndexPairCorr
  0.95SPMIX Sp Midcap IndexPairCorr
  0.82MIDKX Sp Midcap IndexPairCorr
  0.82SPXKX Sp 500 IndexPairCorr
  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.96GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  0.96CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  0.96RGAEX Growth FundPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr

Moving against Shelton Mutual Fund

  0.31CAUKX Us Government SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton Funds 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 Funds' 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.

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