Shelton Green Correlations

Mutual Funds . USA . 
Fund . Shelton Green Alpha
NEXIX Fund  USD 34.64  0.20  0.58%   
The current 90-days correlation between Shelton Green Alpha and Firsthand Alternative Energy is 0.8 (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 0.77 (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

  0.83EMSLX Shelton Emerging MarketsPairCorr
  0.83EMSQX Shelton Emerging MarketsPairCorr
  0.86NQQQX Shelton FundsPairCorr
  0.87NASDX Nasdaq 100 IndexPairCorr
  0.91EQTKX Shelton E ValuePairCorr
  0.91EQTIX Shelton E ValuePairCorr
  0.87NDXKX Nasdaq 100 IndexPairCorr
  1.0NEXTX Shelton Green AlphaPairCorr
  0.78SISLX Shelton InternationalPairCorr
  0.84SMCIX Sp Smallcap IndexPairCorr
  0.83SMLKX Sp Smallcap IndexPairCorr
  0.86DEBTX Shelton Tactical CreditPairCorr
  0.87DEBIX Shelton Tactical CreditPairCorr
  0.89SPFIX Sp 500 IndexPairCorr
  0.92MIDKX Sp Midcap IndexPairCorr
  0.89SPXKX Sp 500 IndexPairCorr
  0.67PCBIX Midcap Fund InstitutionalPairCorr
  0.68PEMGX Midcap Fund ClassPairCorr
  0.67PMBCX Midcap Fund ClassPairCorr
  0.89VTSAX Vanguard Total StockPairCorr
  0.89VFIAX Vanguard 500 IndexPairCorr
  0.9VTSMX Vanguard Total StockPairCorr
  0.89VSMPX Vanguard Total StockPairCorr
  0.89VSTSX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.89VFINX Vanguard 500 IndexPairCorr
  0.89VFFSX Vanguard 500 IndexPairCorr

Related Correlations Analysis


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.

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