SHELTON E Correlations

EQTIX Etf

USD 17.70 0.11 0.63%

The current 90-days correlation between SHELTON E VALUE and Blackrock Enhanced Capital is 0.58 (i.e., Very weak 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 0.88 (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.

Build AI portfolio with SHELTON Etf

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 etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SHELTON Etf

0.63	EMSLX	Shelton Emerging Markets	Pair Corr
0.76	NQQQX	Shelton Funds	Pair Corr
0.88	NASDX	NASDAQ 100 INDEX	Pair Corr
1.0	EQTKX	SHELTON E VALUE	Pair Corr
0.84	NDXKX	NASDAQ 100 INDEX	Pair Corr
0.83	SISEX	Shelton International	Pair Corr
0.82	SISLX	Shelton International	Pair Corr
0.78	SMCIX	SP SMALLCAP INDEX	Pair Corr
0.78	SMLKX	SP SMALLCAP INDEX	Pair Corr
0.89	SPFIX	SP 500 INDEX	Pair Corr
0.78	SPMIX	SP MIDCAP INDEX	Pair Corr
0.78	MIDKX	SP MIDCAP INDEX	Pair Corr
0.79	SPXKX	SP 500 INDEX	Pair Corr
0.76	JEPI	JPMorgan Equity Premium	Pair Corr
0.76	DIVO	Amplify CWP Enhanced	Pair Corr
0.71	RYLD	Global X Russell	Pair Corr
0.82	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.65	BUYW	Main Buywrite ETF	Pair Corr
0.73	FNGO	MicroSectors FANG Index	Pair Corr
0.71	TECL	Direxion Daily Technology	Pair Corr
0.81	HYTR	Northern Lights	Pair Corr

Moving against SHELTON Etf

0.39

EMSQX

Shelton Emerging Markets

Pair Corr

Related Correlations Analysis

	CII	FUENX	AWF	AOD	RSEFX	WAIGX	RYSEX	VRMGX	EACAX	PDX
CII		0.74	-0.66	0.76	-0.03	-0.71	-0.01	-0.39	0.71	-0.72	CII
FUENX	0.74		-0.77	0.69	-0.29	-0.79	-0.27	-0.43	0.98	-0.91	FUENX
AWF	-0.66	-0.77		-0.44	0.53	0.95	0.52	0.78	-0.79	0.86	AWF
AOD	0.76	0.69	-0.44		0.22	-0.45	0.24	-0.05	0.65	-0.59	AOD
RSEFX	-0.03	-0.29	0.53	0.22		0.56	1.0	0.6	-0.36	0.34	RSEFX
WAIGX	-0.71	-0.79	0.95	-0.45	0.56		0.55	0.82	-0.8	0.8	WAIGX
RYSEX	-0.01	-0.27	0.52	0.24	1.0	0.55		0.59	-0.35	0.33	RYSEX
VRMGX	-0.39	-0.43	0.78	-0.05	0.6	0.82	0.59		-0.44	0.5	VRMGX
EACAX	0.71	0.98	-0.79	0.65	-0.36	-0.8	-0.35	-0.44		-0.92	EACAX
PDX	-0.72	-0.91	0.86	-0.59	0.34	0.8	0.33	0.5	-0.92		PDX
	CII	FUENX	AWF	AOD	RSEFX	WAIGX	RYSEX	VRMGX	EACAX	PDX

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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

RYSEX	+ 1.0	RSEFX
EACAX	+ 0.98	FUENX
WAIGX	+ 0.95	AWF
PDX	+ 0.86	AWF
VRMGX	+ 0.82	WAIGX
PDX	+ 0.8	WAIGX

High negative correlations

PDX	- 0.92	EACAX
PDX	- 0.91	FUENX
EACAX	- 0.8	WAIGX
EACAX	- 0.79	AWF
WAIGX	- 0.79	FUENX
AWF	- 0.77	FUENX

SHELTON E Constituents Risk-Adjusted Indicators

There is a big difference between SHELTON Etf performing well and SHELTON E ETF 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
CII	0.80	0.13	0.10	0.26	0.89	(0.84)	1.73	(1.56)	5.40
FUENX	0.10	0.03	(0.28)	7.38	0.00	(0.16)	0.31	(0.10)	0.72
AWF	0.32	(0.07)	0.00	(0.21)	0.00	0.00	0.66	(0.64)	2.13
AOD	0.58	0.07	0.06	0.15	0.67	(0.66)	1.15	(1.09)	3.92
RSEFX	0.66	(0.03)	(0.05)	0.03	0.69	(0.81)	1.62	(1.16)	3.41
WAIGX	0.53	(0.15)	0.00	(0.19)	0.00	0.00	0.89	(1.33)	2.57
RYSEX	0.66	(0.03)	(0.05)	0.03	0.69	(0.81)	1.68	(1.16)	3.40
VRMGX	0.83	(0.14)	0.00	(0.04)	0.00	0.00	1.69	(2.45)	4.99
EACAX	0.11	0.03	(0.29)	(2.48)	0.00	(0.17)	0.30	(0.10)	0.71
PDX	0.68	(0.21)	0.00	(0.56)	0.00	0.00	1.27	(1.37)	6.19

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