Shelton Funds Fund Market Value
| NQQQX Fund | USD 41.63 0.15 0.36% |
| Symbol | Shelton |
Shelton Funds '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 Funds' 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 Funds.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Shelton Funds on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Shelton Funds or generate 0.0% return on investment in Shelton Funds over 720 days. Shelton Funds is related to or competes with Oklahoma Municipal, T Rowe, T Rowe, Counterpoint Tactical, California High-yield, Morningstar Municipal, and Transamerica Intermediate. Under normal market conditions, the funds policy to invest at least 80 percent of its total assets in the stocks compris... More
Shelton Funds 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 Funds' 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 Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.13 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 1.55 |
Shelton Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shelton Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shelton Funds' standard deviation. In reality, there are many statistical measures that can use Shelton Funds historical prices to predict the future Shelton Funds' volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.54) |
Shelton Funds Backtested Returns
At this stage we consider Shelton Mutual Fund to be not too volatile. Shelton Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0872, which indicates the fund had a 0.0872% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Shelton Funds , which you can use to evaluate the volatility of the fund. Please validate Shelton Funds' Coefficient Of Variation of 1437.49, risk adjusted performance of 0.0564, and Semi Deviation of 1.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.0974%. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shelton Funds are expected to decrease at a much lower rate. During the bear market, Shelton Funds is likely to outperform the market.
Auto-correlation | 0.90 |
Excellent predictability
Shelton Funds has excellent predictability. Overlapping area represents the amount of predictability between Shelton Funds time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Funds price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Shelton Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 7.06 |
Shelton Funds lagged returns against current returns
Autocorrelation, which is Shelton Funds 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 Funds' mutual fund expected returns. We can calculate the autocorrelation of Shelton Funds returns to help us make a trade decision. For example, suppose you find that Shelton Funds 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 Funds 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 Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shelton Funds 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 Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Shelton Funds Lagged Returns
When evaluating Shelton Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shelton Funds mutual fund have on its future price. Shelton Funds 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 Funds autocorrelation shows the relationship between Shelton Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Shelton Funds .
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 Funds 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 Funds security.
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