Shelton Funds Correlations

Mutual Funds . USA . 
Fund . Shelton Funds
NQQQX Fund  USD 41.63  0.15  0.36%   
The current 90-days correlation between Shelton Funds and Oklahoma Municipal Fund is -0.11 (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

Good diversification

The correlation between Shelton Funds and DJI is -0.09 (i.e., Good 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

  0.93NASDX Nasdaq 100 IndexPairCorr
  0.92EQTKX Shelton E ValuePairCorr
  0.92EQTIX Shelton E ValuePairCorr
  0.93NDXKX Nasdaq 100 IndexPairCorr
  0.71NEXTX Shelton Green AlphaPairCorr
  0.8SMCIX Sp Smallcap IndexPairCorr
  0.83SMLKX Sp Smallcap IndexPairCorr
  0.93SPFIX Sp 500 IndexPairCorr
  0.9SPMIX Sp Midcap IndexPairCorr
  0.9MIDKX Sp Midcap IndexPairCorr
  0.93SPXKX Sp 500 IndexPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.94GFAFX Growth FundPairCorr
  0.94AGTHX Growth FundPairCorr
  0.94CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.94CGFEX Growth FundPairCorr
  0.94RGAEX Growth FundPairCorr
  0.86FTYPX Fidelity Freedom IndexPairCorr
  0.83FFBTX Fidelity Freedom BlendPairCorr
  0.79GCAVX Gmo Small CapPairCorr
  0.66GQLOX Gmo Quality FundPairCorr
  0.61GHVIX Gmo High YieldPairCorr
  0.97GMCQX Gmo Equity AllocationPairCorr
  0.68GAB Gabelli Equity TrustPairCorr

Moving against Shelton Mutual Fund

  0.79CAUSX Us Government SecuritiesPairCorr
  0.78CAUKX Us Government SecuritiesPairCorr
  0.58DEBTX Shelton Tactical CreditPairCorr
  0.53DEBIX Shelton Tactical CreditPairCorr
  0.43CFNTX California Tax FreePairCorr
  0.83GABFX Gmo Asset AllocationPairCorr
  0.47GAAVX Gmo Alternative AlloPairCorr

Related Correlations Analysis

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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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