Shelton Core Correlations

EQTKX Fund

USD 15.66 0.02 0.13%

The current 90-days correlation between Shelton E Value and City National Rochdale is 0.5 (i.e., Very weak diversification). The correlation of Shelton Core 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 Core 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 industry.

Moving together with Shelton Mutual Fund

0.94	NQQQX	Shelton Funds	Pair Corr
0.94	NASDX	Nasdaq 100 Index	Pair Corr
1.0	EQTIX	Shelton E Value	Pair Corr
0.9	SMCIX	Sp Smallcap Index	Pair Corr
0.9	SPMIX	Sp Midcap Index	Pair Corr
0.99	SPXKX	Sp 500 Index	Pair Corr
0.74	JEPAX	Jpmorgan Research Equity	Pair Corr
0.76	JEPCX	Jpmorgan Research Equity	Pair Corr
0.73	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.99	GSPKX	Goldman Sachs Equity	Pair Corr
0.99	GVIRX	Goldman Sachs Equity	Pair Corr
0.99	GSPAX	Goldman Sachs Equity	Pair Corr
0.99	GSPQX	Goldman Sachs Equity	Pair Corr
0.99	GSFPX	Goldman Sachs Equity	Pair Corr
0.99	GIDWX	Goldman Sachs Equity	Pair Corr
0.73	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Shelton Mutual Fund

0.46	CAUSX	Us Government Securities	Pair Corr
0.43	CAUKX	Us Government Securities	Pair Corr
0.78	GAAGX	Gmo Alternative Allo	Pair Corr
0.75	GAAKX	Gmo Alternative Allo	Pair Corr
0.49	FLRRX	Franklin Low Duration	Pair Corr
0.48	GPBFX	Gmo E Plus	Pair Corr
0.47	ACCSX	Access Capital Munity	Pair Corr
0.43	GIGGX	Deutsche Gnma	Pair Corr
0.35	REMVX	Rbc Emerging Markets	Pair Corr

Related Correlations Analysis

	RIMOX	BOHAX	HYSZX	PAXHX	MHCAX	SGYAX	IPIMX	ARTFX
RIMOX		0.91	0.95	0.89	0.96	0.94	0.93	0.91	RIMOX
BOHAX	0.91		0.91	0.95	0.98	0.92	0.94	0.95	BOHAX
HYSZX	0.95	0.91		0.96	0.95	0.93	0.94	0.97	HYSZX
PAXHX	0.89	0.95	0.96		0.95	0.91	0.94	0.98	PAXHX
MHCAX	0.96	0.98	0.95	0.95		0.95	0.96	0.96	MHCAX
SGYAX	0.94	0.92	0.93	0.91	0.95		0.98	0.94	SGYAX
IPIMX	0.93	0.94	0.94	0.94	0.96	0.98		0.95	IPIMX
ARTFX	0.91	0.95	0.97	0.98	0.96	0.94	0.95		ARTFX
	RIMOX	BOHAX	HYSZX	PAXHX	MHCAX	SGYAX	IPIMX	ARTFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton Core 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 Core'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
RIMOX	0.06	0.02	0.75	0.42	0.00	(0.08)	0.15	(0.10)	0.36
BOHAX	0.12	0.00	0.28	0.49	0.16	(0.13)	0.30	(0.41)	1.02
HYSZX	0.13	0.00	0.40	(0.15)	0.04	(0.22)	0.48	(0.24)	1.08
PAXHX	0.16	(0.01)	0.24	0.17	0.18	(0.23)	0.50	(0.33)	1.17
MHCAX	0.11	0.00	0.31	(0.19)	0.06	(0.21)	0.19	(0.19)	0.77
SGYAX	0.16	0.01	0.31	0.07	0.11	(0.26)	0.56	(0.28)	1.57
IPIMX	0.15	0.01	0.31	0.01	0.13	(0.21)	0.46	(0.23)	0.93
ARTFX	0.13	(0.01)	0.35	0.12	0.12	(0.20)	0.44	(0.22)	0.89

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