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.
Shelton |
Moving together with Shelton Mutual Fund
0.68 | EQTKX | Shelton E Value | PairCorr |
0.66 | EQTIX | Shelton E Value | PairCorr |
1.0 | NEXTX | Shelton Green Alpha Potential Growth | PairCorr |
0.84 | SPMIX | Sp Midcap Index | PairCorr |
0.92 | PAMCX | T Rowe Price | PairCorr |
0.92 | RRMGX | T Rowe Price | PairCorr |
0.93 | TRQZX | T Rowe Price | PairCorr |
0.92 | RPMGX | T Rowe Price | PairCorr |
0.92 | PRJIX | T Rowe Price | PairCorr |
0.87 | PRNHX | T Rowe Price | PairCorr |
0.92 | TRUZX | T Rowe Price | PairCorr |
0.85 | PCBIX | Midcap Fund Institutional | PairCorr |
0.89 | PEMGX | Midcap Fund Class | PairCorr |
0.9 | PMBCX | Midcap Fund Class | PairCorr |
0.79 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
0.79 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
0.85 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
0.8 | LSHCX | Horizon Spin Off Steady Growth | PairCorr |
0.78 | KNPYX | Kinetics Paradigm Steady Growth | PairCorr |
0.78 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
0.79 | KNPAX | Kinetics Paradigm Steady Growth | PairCorr |
0.8 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
Moving against Shelton Mutual Fund
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 |