Shelton E Correlations

Mutual Funds . USA . 
Fund . Shelton E Value
EQTIX Fund  USD 16.72  0.02  0.12%   
The current 90-days correlation between Shelton E Value and Sp Smallcap Index is 0.91 (i.e., Almost no 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

Poor diversification

The correlation between Shelton E Value 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 E Value and DJI in the same portfolio, assuming nothing else is changed.
  
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 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

  0.94NQQQX Shelton FundsPairCorr
  0.94NASDX Nasdaq 100 IndexPairCorr
  1.0EQTKX Shelton E ValuePairCorr
  0.89SMCIX Sp Smallcap IndexPairCorr
  0.9SPMIX Sp Midcap IndexPairCorr
  0.99SPXKX Sp 500 IndexPairCorr
  0.75JEPAX Jpmorgan Research EquityPairCorr
  0.76JEPCX Jpmorgan Research EquityPairCorr
  0.74JEPIX Jpmorgan Equity PremiumPairCorr
  0.99GSPKX Goldman Sachs EquityPairCorr
  0.99GVIRX Goldman Sachs EquityPairCorr
  0.99GSPAX Goldman Sachs EquityPairCorr
  0.99GSPQX Goldman Sachs EquityPairCorr
  0.99GSFPX Goldman Sachs EquityPairCorr
  0.99GIDWX Goldman Sachs EquityPairCorr
  0.73GPMFX Guidepath Managed FuturesPairCorr

Moving against Shelton Mutual Fund

  0.45CAUSX Us Government SecuritiesPairCorr
  0.42CAUKX Us Government SecuritiesPairCorr
  0.77GAAGX Gmo Alternative AlloPairCorr
  0.74GAAKX Gmo Alternative AlloPairCorr
  0.47GPBFX Gmo E PlusPairCorr
  0.47FLRRX Franklin Low DurationPairCorr
  0.46ACCSX Access Capital MunityPairCorr
  0.42GIGGX Deutsche GnmaPairCorr
  0.33REMVX Rbc Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SPMIX
+ 0.95
SMCIX
SPFIX
+ 0.9
SMCIX
SPFIX
+ 0.89
SPMIX
NSEIX
+ 0.65
SPFIX
NSEIX
+ 0.48
SPMIX
NSEIX
+ 0.39
SMCIX
  
High negative correlations   
CAUSX
- 0.67
SMCIX
CAUSX
- 0.56
SPMIX
CAUSX
- 0.48
SPFIX

Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton E 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 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY