Shelton E Correlations

EQTIX Fund

USD 18.06 0.05 0.28%

The current 90-days correlation between Shelton E Value and Jpmorgan Research Equity is 0.85 (i.e., Very poor 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

Very poor diversification

The correlation between Shelton E Value and DJI is 0.87 (i.e., Very poor 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

0.98	NQQQX	Shelton Funds	Pair Corr
0.98	NASDX	Nasdaq 100 Index	Pair Corr
1.0	EQTKX	Shelton E Value	Pair Corr
0.98	NDXKX	Nasdaq 100 Index	Pair Corr
0.83	NEXIX	Shelton Green Alpha	Pair Corr
0.83	NEXTX	Shelton Green Alpha	Pair Corr
0.86	SMCIX	Sp Smallcap Index	Pair Corr
0.85	SMLKX	Sp Smallcap Index	Pair Corr
0.99	SPFIX	Sp 500 Index	Pair Corr
0.95	SPMIX	Sp Midcap Index	Pair Corr
0.95	MIDKX	Sp Midcap Index	Pair Corr
0.99	SPXKX	Sp 500 Index	Pair Corr
0.96	JEPAX	Jpmorgan Research Equity	Pair Corr
0.96	JEPCX	Jpmorgan Research Equity	Pair Corr
0.96	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.99	GSPKX	Goldman Sachs Equity	Pair Corr
0.99	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
0.99	GIDWX	Goldman Sachs Equity	Pair Corr
0.74	BMCIX	Blackrock High Equity	Pair Corr
0.89	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.89	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.89	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.88	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.89	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.81	SPMJX	Invesco Steelpath Mlp	Pair Corr

Moving against Shelton Mutual Fund

0.79	CAUKX	Us Government Securities	Pair Corr
0.78	CAUSX	Us Government Securities	Pair Corr
0.56	DEBTX	Shelton Tactical Credit	Pair Corr
0.54	DEBIX	Shelton Tactical Credit	Pair Corr
0.37	CFNTX	California Tax Free	Pair Corr

Related Correlations Analysis

	JEPAX	JEPCX	JEPIX	GSPKX	GVIRX	GSPAX	GSPQX	GSFPX	GIDWX	BMCIX
JEPAX		1.0	1.0	0.95	0.95	0.95	0.95	0.95	0.95	0.73	JEPAX
JEPCX	1.0		1.0	0.95	0.95	0.95	0.95	0.95	0.95	0.74	JEPCX
JEPIX	1.0	1.0		0.95	0.95	0.95	0.95	0.95	0.95	0.74	JEPIX
GSPKX	0.95	0.95	0.95		1.0	1.0	1.0	1.0	1.0	0.68	GSPKX
GVIRX	0.95	0.95	0.95	1.0		1.0	1.0	1.0	1.0	0.68	GVIRX
GSPAX	0.95	0.95	0.95	1.0	1.0		1.0	1.0	1.0	0.68	GSPAX
GSPQX	0.95	0.95	0.95	1.0	1.0	1.0		1.0	1.0	0.69	GSPQX
GSFPX	0.95	0.95	0.95	1.0	1.0	1.0	1.0		1.0	0.68	GSFPX
GIDWX	0.95	0.95	0.95	1.0	1.0	1.0	1.0	1.0		0.68	GIDWX
BMCIX	0.73	0.74	0.74	0.68	0.68	0.68	0.69	0.68	0.68		BMCIX
	JEPAX	JEPCX	JEPIX	GSPKX	GVIRX	GSPAX	GSPQX	GSFPX	GIDWX	BMCIX

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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
JEPAX	0.32	0.03	(0.10)	0.17	0.16	(0.38)	0.82	(0.61)	2.00
JEPCX	0.32	0.02	(0.11)	0.17	0.16	(0.37)	0.82	(0.61)	1.96
JEPIX	0.33	0.03	(0.10)	0.17	0.16	(0.39)	0.82	(0.63)	2.03
GSPKX	0.42	0.01	(0.05)	0.13	0.48	(0.48)	0.91	(1.05)	2.98
GVIRX	0.43	0.01	(0.05)	0.13	0.50	(0.49)	0.91	(1.00)	2.98
GSPAX	0.43	0.01	(0.05)	0.13	0.49	(0.49)	0.91	(1.05)	2.97
GSPQX	0.43	0.00	(0.06)	0.12	0.50	(0.48)	0.92	(1.00)	2.99
GSFPX	0.43	0.01	(0.05)	0.13	0.49	(0.48)	0.92	(1.05)	3.04
GIDWX	0.43	0.01	(0.05)	0.13	0.49	(0.48)	0.92	(1.00)	2.93
BMCIX	0.44	(0.05)	(0.20)	0.03	0.45	(0.52)	0.76	(0.88)	2.76

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