Shelton Green Correlations

NEXIX Fund  USD 30.87  0.13  0.42%   
The current 90-days correlation between Shelton Green Alpha and Shelton Emerging Markets is 0.28 (i.e., Modest 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

Weak diversification

The correlation between Shelton Green Alpha and DJI is 0.36 (i.e., Weak 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

  0.68EQTKX Shelton E ValuePairCorr
  0.66EQTIX Shelton E ValuePairCorr
  1.0NEXTX Shelton Green Alpha Potential GrowthPairCorr
  0.84SPMIX Sp Midcap IndexPairCorr
  0.92PAMCX T Rowe PricePairCorr
  0.92RRMGX T Rowe PricePairCorr
  0.93TRQZX T Rowe PricePairCorr
  0.92RPMGX T Rowe PricePairCorr
  0.92PRJIX T Rowe PricePairCorr
  0.87PRNHX T Rowe PricePairCorr
  0.92TRUZX T Rowe PricePairCorr
  0.85PCBIX Midcap Fund InstitutionalPairCorr
  0.89PEMGX Midcap Fund ClassPairCorr
  0.9PMBCX Midcap Fund ClassPairCorr
  0.79LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.79LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.85LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.8LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.78KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.78WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.79KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.8KNPCX Kinetics Paradigm Steady GrowthPairCorr

Moving against Shelton Mutual Fund

  0.43LEOOX Lazard Enhanced OppoPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMSLX  0.66  0.00  0.02 (0.03) 0.99 
 1.25 
 3.47 
EMSQX  0.66  0.00  0.02 (0.02) 0.97 
 1.30 
 3.48 
CFNTX  0.14 (0.01) 0.00 (0.30) 0.00 
 0.28 
 1.03 
NQQQX  1.02 (0.09) 0.00 (0.17) 0.00 
 1.66 
 7.40 
NASDX  1.02 (0.09) 0.00 (0.17) 0.00 
 1.66 
 7.44 
EQTKX  0.48  0.00  0.00 (0.03) 0.00 
 0.87 
 3.10 
EQTIX  0.47  0.00  0.00 (0.03) 0.00 
 0.87 
 3.08 
NDXKX  1.03 (0.10) 0.00 (0.18) 0.00 
 1.66 
 7.76 
NEXIX  0.79 (0.09) 0.00 (0.20) 0.00 
 1.41 
 5.46 
NEXTX  0.79 (0.09) 0.00 (0.20) 0.00 
 1.40 
 5.42