Shelton Green Correlations

Mutual Funds . USA . 
Fund . Shelton Green Alpha
NEXIX Fund  USD 29.37  0.32  1.08%   
The current 90-days correlation between Shelton Green Alpha and Goldman Sachs Short is -0.17 (i.e., Good 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

Good diversification

The correlation between Shelton Green Alpha and DJI is -0.03 (i.e., Good 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

  0.87NQQQX Shelton FundsPairCorr
  0.87NASDX Nasdaq 100 IndexPairCorr
  0.91EQTKX Shelton E ValuePairCorr
  0.9EQTIX Shelton E ValuePairCorr
  0.87NDXKX Nasdaq 100 IndexPairCorr
  0.97NEXTX Shelton Green AlphaPairCorr
  0.9SMCIX Sp Smallcap IndexPairCorr
  0.9SMLKX Sp Smallcap IndexPairCorr
  0.89SPFIX Sp 500 IndexPairCorr
  0.7SPMIX Sp Midcap IndexPairCorr
  0.93MIDKX Sp Midcap IndexPairCorr
  0.89SPXKX Sp 500 IndexPairCorr
  0.9PAMCX T Rowe PricePairCorr
  0.67RRMGX T Rowe PricePairCorr
  0.9TRQZX T Rowe PricePairCorr
  0.67RPMGX T Rowe PricePairCorr
  0.88PRJIX T Rowe PricePairCorr
  0.65PRNHX T Rowe PricePairCorr
  0.88TRUZX T Rowe PricePairCorr
  0.75PCBIX Midcap Fund InstitutionalPairCorr
  0.75PEMGX Midcap Fund ClassPairCorr
  0.76PMBCX Midcap Fund ClassPairCorr
  0.87ASG Liberty All StarPairCorr
  0.91CII Blackrock EnhancedPairCorr
  0.87ETV Eaton Vance TaxPairCorr
  0.85CLM Cornerstone StrategicPairCorr
  0.84CRF Cornerstone StrategicPairCorr
  0.88USA Liberty All StarPairCorr

Moving against Shelton Mutual Fund

  0.61CAUKX Us Government SecuritiesPairCorr
  0.6CAUSX Us Government SecuritiesPairCorr
  0.47SISEX Shelton InternationalPairCorr
  0.46SISLX Shelton InternationalPairCorr
  0.35DEBTX Shelton Tactical CreditPairCorr
  0.35DEBIX Shelton Tactical CreditPairCorr
  0.59NECRX Loomis Sayles EPairCorr
  0.56JSNCX Jhancock Short DurationPairCorr
  0.41FIVOX Fidelity InternationalPairCorr

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.

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