Shelton Green Correlations

NEXIX Fund

USD 34.89 0.18 0.51%

The current 90-days correlation between Shelton Green Alpha and Shelton Emerging Markets is 0.32 (i.e., Weak 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 0.69 (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 gross domestic product.

Moving together with Shelton Mutual Fund

0.97	EMSLX	Shelton Emerging Markets	Pair Corr
0.62	EQTKX	Shelton E Value	Pair Corr
0.98	EQTIX	Shelton E Value	Pair Corr
0.64	NEXTX	Shelton Green Alpha	Pair Corr
0.66	SISEX	Shelton International	Pair Corr
0.66	SISLX	Shelton International	Pair Corr
0.96	SPMIX	Sp Midcap Index	Pair Corr
0.98	SPXKX	Sp 500 Index	Pair Corr
0.98	PAMCX	T Rowe Price	Pair Corr
0.98	RRMGX	T Rowe Price	Pair Corr
0.98	TRQZX	T Rowe Price	Pair Corr
0.98	RPMGX	T Rowe Price	Pair Corr
0.95	PRJIX	T Rowe Price	Pair Corr
0.95	PRNHX	T Rowe Price	Pair Corr
0.95	TRUZX	T Rowe Price	Pair Corr
0.92	PCBIX	Midcap Fund Institutional	Pair Corr
0.92	PEMGX	Midcap Fund Class	Pair Corr
0.92	PMBCX	Midcap Fund Class	Pair Corr
0.98	SMPIX	Semiconductor Ultrasector	Pair Corr
0.98	SMPSX	Semiconductor Ultrasector	Pair Corr
0.99	RSNRX	Victory Global Natural	Pair Corr
0.99	RSNYX	Victory Global Natural	Pair Corr
0.87	EMO	Clearbridge Energy Mlp	Pair Corr
0.99	RGNCX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	EMSLX	EMSQX	CFNTX	NQQQX	NASDX	EQTKX	EQTIX	NDXKX	NEXIX	NEXTX
EMSLX		0.59	0.1	0.52	0.51	0.6	0.96	0.51	0.97	0.61	EMSLX
EMSQX	0.59		-0.12	0.85	0.85	0.95	0.5	0.85	0.58	0.96	EMSQX
CFNTX	0.1	-0.12		-0.07	-0.07	0.06	0.25	-0.07	0.2	0.02	CFNTX
NQQQX	0.52	0.85	-0.07		1.0	0.86	0.47	1.0	0.55	0.86	NQQQX
NASDX	0.51	0.85	-0.07	1.0		0.86	0.46	1.0	0.54	0.86	NASDX
EQTKX	0.6	0.95	0.06	0.86	0.86		0.54	0.86	0.62	0.99	EQTKX
EQTIX	0.96	0.5	0.25	0.47	0.46	0.54		0.46	0.98	0.55	EQTIX
NDXKX	0.51	0.85	-0.07	1.0	1.0	0.86	0.46		0.54	0.86	NDXKX
NEXIX	0.97	0.58	0.2	0.55	0.54	0.62	0.98	0.54		0.64	NEXIX
NEXTX	0.61	0.96	0.02	0.86	0.86	0.99	0.55	0.86	0.64		NEXTX
	EMSLX	EMSQX	CFNTX	NQQQX	NASDX	EQTKX	EQTIX	NDXKX	NEXIX	NEXTX

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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

NASDX	+ 1.0	NQQQX
NDXKX	+ 1.0	NQQQX
NDXKX	+ 1.0	NASDX
NEXTX	+ 0.99	EQTKX
NEXIX	+ 0.98	EQTIX
NEXIX	+ 0.97	EMSLX

High negative correlations

CFNTX	- 0.12	EMSQX
NDXKX	- 0.07	CFNTX
NASDX	- 0.07	CFNTX
NQQQX	- 0.07	CFNTX

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
EMSLX	0.65	0.15	0.05	0.55	0.33	(0.81)	1.49	(0.90)	4.39
EMSQX	0.67	0.21	0.03	(7.68)	0.35	(0.85)	1.52	(0.89)	4.43
CFNTX	0.08	(0.02)	0.00	(0.63)	0.00	0.00	0.19	(0.19)	0.49
NQQQX	0.64	0.14	0.13	0.37	0.00	(0.78)	1.58	(0.92)	5.36
NASDX	0.62	0.14	0.14	0.35	0.10	(0.73)	1.58	(0.92)	5.37
EQTKX	0.39	0.16	(0.09)	(1.10)	0.10	(0.50)	0.71	(0.64)	3.49
EQTIX	0.42	0.21	0.03	(2.85)	0.00	(0.53)	1.39	(0.64)	3.56
NDXKX	0.62	0.13	0.14	0.34	0.03	(0.73)	1.57	(0.91)	5.35
NEXIX	0.73	0.19	0.21	0.40	0.00	(0.92)	2.24	(1.03)	4.76
NEXTX	0.72	0.32	0.17	(126.96)	0.20	(0.88)	2.17	(1.00)	4.78

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