Shelton E Value Fund Market Value
| EQTKX Fund | USD 17.01 0.07 0.41% |
| Symbol | Shelton |
Shelton Core 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Shelton Core's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Shelton Core.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Shelton Core on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Shelton E Value or generate 0.0% return on investment in Shelton Core over 420 days. Shelton Core is related to or competes with Hennessy, Franklin Natural, Oil Gas, Fidelity Advisor, and Goldman Sachs. The fund invests primarily in U.S. equity securities that generate a relatively high level of dividend income and have t... More
Shelton Core Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Shelton Core's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Shelton E Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6526 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.8772 |
Shelton Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shelton Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shelton Core's standard deviation. In reality, there are many statistical measures that can use Shelton Core historical prices to predict the future Shelton Core's volatility.| Risk Adjusted Performance | 0.1216 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1284 |
Shelton E Value Backtested Returns
At this stage we consider Shelton Mutual Fund to be very steady. Shelton E Value owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shelton E Value, which you can use to evaluate the volatility of the fund. Please validate Shelton Core's Coefficient Of Variation of 613.31, semi deviation of 0.4892, and Risk Adjusted Performance of 0.1216 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shelton Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shelton Core is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Shelton E Value has very good predictability. Overlapping area represents the amount of predictability between Shelton Core time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shelton E Value price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Shelton Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Shelton E Value lagged returns against current returns
Autocorrelation, which is Shelton Core mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Shelton Core's mutual fund expected returns. We can calculate the autocorrelation of Shelton Core returns to help us make a trade decision. For example, suppose you find that Shelton Core has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Shelton Core regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Shelton Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shelton Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shelton Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Shelton Core Lagged Returns
When evaluating Shelton Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shelton Core mutual fund have on its future price. Shelton Core autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Shelton Core autocorrelation shows the relationship between Shelton Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Shelton E Value.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Shelton Mutual Fund
Shelton Core financial ratios help investors to determine whether Shelton Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Shelton with respect to the benefits of owning Shelton Core security.
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