Growth Portfolio Correlations

MSGUX Fund

USD 52.65 0.60 1.13%

The current 90-days correlation between Growth Portfolio Class and Shelton Funds is -0.18 (i.e., Good diversification). The correlation of Growth Portfolio 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.

Growth Portfolio Correlation With Market

Very weak diversification

The correlation between Growth Portfolio Class and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Portfolio Class 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 Growth Portfolio Class. 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 population.

Moving together with Growth Mutual Fund

0.86	MLNSX	Global Centrated Por	Pair Corr
0.87	MLNCX	Global Centrated Por	Pair Corr
0.95	MPAIX	Advantage Portfolio Class	Pair Corr
0.98	MPEGX	Mid Cap Growth	Pair Corr
0.94	MRNPX	Msif International	Pair Corr
0.92	MACGX	Mid Cap Growth	Pair Corr
0.9	MSAQX	Asia Opportunity Por	Pair Corr
0.9	MSAYX	Asia Opportunity Por	Pair Corr
0.87	MAPPX	Advantage Portfolio Class	Pair Corr
0.93	MSCMX	Morgan Stanley Multi	Pair Corr
0.95	MAPLX	Advantage Portfolio Class	Pair Corr
0.72	MSFLX	Global Franchise Por	Pair Corr
0.93	MSEGX	Growth Portfolio Class	Pair Corr
1.0	MSEQX	Growth Portfolio Class	Pair Corr
0.86	MSFBX	Global Franchise Por	Pair Corr
0.71	MSFAX	Global Franchise Por	Pair Corr
0.98	MSKLX	Mid Cap Growth	Pair Corr

Moving against Growth Mutual Fund

0.74	DINCX	Global Fixed Income	Pair Corr
0.54	MSGVX	Morgan Stanley Government	Pair Corr
0.44	MSDOX	Morgan Stanley Insti	Pair Corr
0.73	MUAIX	Ultra Short Income	Pair Corr
0.73	MUIIX	Ultra Short Income	Pair Corr

Related Correlations Analysis

	NQQQX	RTOUX	TIMPX	ELDFX	PAEIX	QDARX	SSHFX	OPTCX
NQQQX		0.54	0.35	0.83	0.74	0.65	0.84	0.89	NQQQX
RTOUX	0.54		0.12	0.64	0.6	0.07	0.69	0.66	RTOUX
TIMPX	0.35	0.12		0.54	0.48	0.74	0.47	0.31	TIMPX
ELDFX	0.83	0.64	0.54		0.92	0.65	0.84	0.8	ELDFX
PAEIX	0.74	0.6	0.48	0.92		0.6	0.81	0.73	PAEIX
QDARX	0.65	0.07	0.74	0.65	0.6		0.73	0.58	QDARX
SSHFX	0.84	0.69	0.47	0.84	0.81	0.73		0.89	SSHFX
OPTCX	0.89	0.66	0.31	0.8	0.73	0.58	0.89		OPTCX
	NQQQX	RTOUX	TIMPX	ELDFX	PAEIX	QDARX	SSHFX	OPTCX

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Portfolio 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 Growth Portfolio'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
NQQQX	0.86	0.11	0.04	21.23	1.12	(0.90)	2.19	(2.05)	6.30
RTOUX	0.79	(0.04)	(0.03)	0.03	1.01	(0.81)	1.93	(1.42)	4.71
TIMPX	0.15	0.00	(0.32)	0.00	0.13	(0.21)	0.33	(0.33)	0.98
ELDFX	0.35	(0.01)	(0.07)	0.04	0.50	(0.34)	0.77	(0.76)	2.07
PAEIX	0.64	(0.03)	(0.04)	0.03	0.89	(0.64)	1.21	(1.37)	4.20
QDARX	0.06	0.02	(0.47)	5.33	0.00	(0.10)	0.15	(0.08)	0.38
SSHFX	0.64	0.06	0.07	0.13	0.71	(0.68)	1.37	(1.29)	3.25
OPTCX	0.17	0.01	(0.21)	0.25	0.09	(0.22)	0.40	(0.30)	0.91

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