Shelton Green Correlations

NEXTX Fund

USD 33.67 0.02 0.06%

The current 90-days correlation between Shelton Green Alpha and T Rowe Price is 0.82 (i.e., Very poor diversification). The correlation of Shelton Green 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 Green Correlation With Market

Poor diversification

The correlation between Shelton Green Alpha and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton Green Alpha 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 Green Alpha. 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 estimate.

Moving together with Shelton Mutual Fund

0.8	NQQQX	Shelton Funds	Pair Corr
0.8	NASDX	Nasdaq 100 Index	Pair Corr
0.83	EQTKX	Shelton E Value	Pair Corr
0.83	EQTIX	Shelton E Value	Pair Corr
0.8	NDXKX	Nasdaq 100 Index	Pair Corr
1.0	NEXIX	Shelton Green Alpha	Pair Corr
0.78	SMCIX	Sp Smallcap Index	Pair Corr
0.78	SMLKX	Sp Smallcap Index	Pair Corr
0.81	SPFIX	Sp 500 Index	Pair Corr
0.84	SPMIX	Sp Midcap Index	Pair Corr
0.81	SPXKX	Sp 500 Index	Pair Corr
0.87	PAMCX	T Rowe Price	Pair Corr
0.87	RRMGX	T Rowe Price	Pair Corr
0.86	TRQZX	T Rowe Price	Pair Corr
0.87	RPMGX	T Rowe Price	Pair Corr
0.75	PRJIX	T Rowe Price	Pair Corr
0.75	PRNHX	T Rowe Price	Pair Corr
0.75	TRUZX	T Rowe Price	Pair Corr
0.8	PCBIX	Midcap Fund Institutional	Pair Corr
0.8	PEMGX	Midcap Fund Class	Pair Corr
0.8	PMBCX	Midcap Fund Class	Pair Corr
0.8	AMEIX	Equity Growth	Pair Corr
0.81	MLMAX	Global E Portfolio	Pair Corr
0.88	PGAIX	Pimco Global Multi	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.84	DFMAX	Davidson Multi Cap	Pair Corr
0.73	NADCX	Nationwide Investor	Pair Corr
0.71	GAB	Gabelli Equity Trust	Pair Corr

Moving against Shelton Mutual Fund

0.51	CAUKX	Us Government Securities	Pair Corr
0.51	CAUSX	Us Government Securities	Pair Corr
0.62	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	PAMCX	RRMGX	TRQZX	RPMGX	PRJIX	PRNHX	TRUZX	PCBIX	PEMGX	PMBCX
PAMCX		1.0	1.0	1.0	0.96	0.96	0.96	0.97	0.97	0.97	PAMCX
RRMGX	1.0		1.0	1.0	0.96	0.96	0.96	0.97	0.97	0.97	RRMGX
TRQZX	1.0	1.0		1.0	0.96	0.96	0.96	0.97	0.97	0.97	TRQZX
RPMGX	1.0	1.0	1.0		0.96	0.96	0.96	0.97	0.97	0.97	RPMGX
PRJIX	0.96	0.96	0.96	0.96		1.0	1.0	0.96	0.96	0.96	PRJIX
PRNHX	0.96	0.96	0.96	0.96	1.0		1.0	0.96	0.96	0.96	PRNHX
TRUZX	0.96	0.96	0.96	0.96	1.0	1.0		0.96	0.96	0.96	TRUZX
PCBIX	0.97	0.97	0.97	0.97	0.96	0.96	0.96		1.0	1.0	PCBIX
PEMGX	0.97	0.97	0.97	0.97	0.96	0.96	0.96	1.0		1.0	PEMGX
PMBCX	0.97	0.97	0.97	0.97	0.96	0.96	0.96	1.0	1.0		PMBCX
	PAMCX	RRMGX	TRQZX	RPMGX	PRJIX	PRNHX	TRUZX	PCBIX	PEMGX	PMBCX

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Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton Green 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 Green'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
PAMCX	0.61	(0.01)	(0.03)	0.10	0.69	(0.61)	1.52	(1.34)	4.09
RRMGX	0.61	(0.01)	(0.03)	0.10	0.69	(0.62)	1.51	(1.34)	4.09
TRQZX	0.61	(0.01)	(0.02)	0.11	0.68	(0.61)	1.53	(1.33)	4.08
RPMGX	0.61	(0.01)	(0.02)	0.10	0.69	(0.62)	1.52	(1.34)	4.09
PRJIX	0.78	0.03	0.05	0.14	1.01	(0.82)	1.79	(1.28)	6.84
PRNHX	0.78	0.03	0.04	0.14	1.01	(0.82)	1.80	(1.29)	6.84
TRUZX	0.78	0.04	0.05	0.15	1.01	(0.82)	1.79	(1.29)	6.84
PCBIX	0.64	0.05	0.06	0.16	0.56	(0.71)	1.41	(1.23)	4.44
PEMGX	0.64	0.05	0.06	0.17	0.56	(0.72)	1.43	(1.24)	4.44
PMBCX	0.63	0.05	0.06	0.16	0.56	(0.71)	1.41	(1.21)	4.44

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