Shelton Funds Correlations

Mutual Funds USA . 
Fund . Shelton Funds
NQQQX Fund  USD 36.75  0.14  0.38%   
The current 90-days correlation between Shelton Funds and Diversified Bond Fund is -0.05 (i.e., Good diversification). The correlation of Shelton Funds 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 Funds Correlation With Market

Poor diversification

The correlation between Shelton Funds and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shelton Funds 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 Funds . 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 producer price index.

Moving together with Shelton Mutual Fund

  0.72NASDX Nasdaq 100 IndexPairCorr
  0.76EQTKX Shelton E ValuePairCorr
  0.76EQTIX Shelton E ValuePairCorr
  0.72NDXKX Nasdaq 100 IndexPairCorr
  0.62NEXIX Shelton Green AlphaPairCorr
  0.62NEXTX Shelton Green AlphaPairCorr
  0.62SMLKX Sp Smallcap IndexPairCorr
  0.9SPMIX Sp Midcap IndexPairCorr
  0.66MIDKX Sp Midcap IndexPairCorr
  0.75SPXKX Sp 500 IndexPairCorr
  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.97CGFFX Growth FundPairCorr
  0.97CGFCX Growth FundPairCorr
  0.97CGFAX Growth FundPairCorr
  0.97CGFEX Growth FundPairCorr
  0.97RGAEX Growth FundPairCorr

Moving against Shelton Mutual Fund

  0.59CAUKX Us Government SecuritiesPairCorr
  0.59CAUSX Us Government SecuritiesPairCorr
  0.44SISEX Shelton InternationalPairCorr
  0.36DEBTX Shelton Tactical CreditPairCorr
  0.35DEBIX Shelton Tactical CreditPairCorr
  0.34SISLX Shelton InternationalPairCorr
  0.52PRAPX Pimco Total ReturnPairCorr
  0.45WLATTX WlattxPairCorr
  0.42VMSAX Vanguard Multi SectorPairCorr
  0.35FPPAX Mfs Prudent InvestorPairCorr
  0.34PFN Pimco Income StrategyPairCorr
  0.32NEZYX Loomis Sayles StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Shelton Mutual Fund performing well and Shelton Funds 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 Funds' 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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