Ultra Fund Correlations

AULGX Fund

USD 103.59 0.09 0.09%

The current 90-days correlation between Ultra Fund R5 and Select Fund A is 0.04 (i.e., Significant diversification). The correlation of Ultra Fund 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.

Ultra Fund Correlation With Market

Very poor diversification

The correlation between Ultra Fund R5 and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Fund R5 and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ultra Fund R5. 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 price.

Moving together with Ultra Mutual Fund

0.99	TWSMX	Strategic Allocation:	Pair Corr
0.76	ASERX	Select Fund R	Pair Corr
0.66	ACSLX	Select Fund C	Pair Corr
0.75	FAFGX	American Funds	Pair Corr
0.75	FFAFX	American Funds	Pair Corr
0.75	GFACX	Growth Fund	Pair Corr
0.75	GFAFX	Growth Fund	Pair Corr
0.75	AGTHX	Growth Fund	Pair Corr
0.75	CGFFX	Growth Fund	Pair Corr
0.75	CGFCX	Growth Fund	Pair Corr
0.75	CGFAX	Growth Fund	Pair Corr
0.75	CGFEX	Growth Fund	Pair Corr
0.75	RGAEX	Growth Fund	Pair Corr
0.63	FSMMX	Fs Multi Strategy	Pair Corr
0.8	BTMPX	Ishares Msci Eafe	Pair Corr
0.95	BTMKX	Blackrock International	Pair Corr
0.8	MDIIX	Blackrock Intern Index	Pair Corr
0.72	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	TEQAX	Touchstone Sustainability	Pair Corr
0.76	SIVIX	State Street Institu	Pair Corr
0.73	IAF	Aberdeen Australia	Pair Corr
0.97	BAC	Bank of America	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.74	INTC	Intel Earnings Call This Week	Pair Corr
0.93	MMM	3M Company	Pair Corr
0.96	JPM	JPMorgan Chase	Pair Corr
0.97	DIS	Walt Disney	Pair Corr
0.95	BA	Boeing	Pair Corr
0.97	AXP	American Express	Pair Corr
0.91	IBM	International Business Earnings Call This Week	Pair Corr

Moving against Ultra Mutual Fund

0.62	MCD	McDonalds	Pair Corr
0.34	VZ	Verizon Communications Earnings Call Today	Pair Corr

Related Correlations Analysis

	TWCAX	AMDVX	AMEIX	AMGIX	CDBCX	AMKIX	TWACX	TWADX	TWCCX	TWCIX
TWCAX		0.94	1.0	0.98	0.47	0.97	0.45	0.81	0.85	0.85	TWCAX
AMDVX	0.94		0.96	0.98	0.47	0.92	0.44	0.84	0.8	0.79	AMDVX
AMEIX	1.0	0.96		0.99	0.52	0.98	0.5	0.83	0.86	0.85	AMEIX
AMGIX	0.98	0.98	0.99		0.54	0.97	0.52	0.85	0.84	0.84	AMGIX
CDBCX	0.47	0.47	0.52	0.54		0.54	0.94	0.5	0.43	0.43	CDBCX
AMKIX	0.97	0.92	0.98	0.97	0.54		0.54	0.84	0.85	0.85	AMKIX
TWACX	0.45	0.44	0.5	0.52	0.94	0.54		0.48	0.4	0.41	TWACX
TWADX	0.81	0.84	0.83	0.85	0.5	0.84	0.48		0.95	0.95	TWADX
TWCCX	0.85	0.8	0.86	0.84	0.43	0.85	0.4	0.95		1.0	TWCCX
TWCIX	0.85	0.79	0.85	0.84	0.43	0.85	0.41	0.95	1.0		TWCIX
	TWCAX	AMDVX	AMEIX	AMGIX	CDBCX	AMKIX	TWACX	TWADX	TWCCX	TWCIX

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Risk-Adjusted Indicators

There is a big difference between Ultra Mutual Fund performing well and Ultra Fund 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 Ultra Fund'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
TWCAX	0.78	0.39	0.36	(122.30)	0.00	(1.00)	2.56	(0.91)	6.01
AMDVX	0.66	0.18	0.03	(0.86)	0.60	(0.74)	1.96	(1.08)	4.36
AMEIX	0.62	0.33	0.28	(6.03)	0.00	(0.75)	2.06	(0.76)	5.23
AMGIX	0.58	0.22	0.10	(1.45)	0.35	(0.72)	1.64	(0.90)	4.39
CDBCX	0.26	0.00	(0.32)	0.17	0.26	(0.30)	0.45	(0.44)	1.23
AMKIX	0.52	0.28	0.24	(6.34)	0.00	(0.64)	1.73	(0.88)	4.10
TWACX	0.09	0.00	(0.88)	(0.18)	0.00	(0.16)	0.22	(0.22)	0.56
TWADX	0.59	0.14	0.00	(2.09)	0.54	(0.70)	1.45	(1.01)	3.73
TWCCX	0.75	0.33	0.28	2.68	0.13	(0.90)	2.29	(0.98)	6.00
TWCIX	0.78	0.39	0.36	(156.94)	0.00	(0.98)	2.56	(0.91)	6.01

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