Ultra Fund Correlations

TWUIX Fund

USD 113.37 1.56 1.36%

The current 90-days correlation between Ultra Fund I and Ultra Fund Investor is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Ultra Fund I and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Fund I and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Fund I. 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 gross domestic product.

Moving together with Ultra Mutual Fund

0.89	AMEIX	Equity Growth	Pair Corr
0.89	AMGIX	Income Growth	Pair Corr
0.8	CDBCX	Diversified Bond	Pair Corr
0.97	AMKIX	Emerging Markets	Pair Corr
0.77	TWACX	Short Term Government	Pair Corr
1.0	TWCCX	Ultra Fund C	Pair Corr
0.96	TWCAX	Select Fund A	Pair Corr
0.99	TWCIX	Select Fund Investor	Pair Corr
0.8	TWCGX	Growth Fund Investor	Pair Corr
0.65	TWARX	Short Term Government	Pair Corr
0.69	TWAVX	Short Term Government	Pair Corr
0.96	TWBIX	Balanced Fund Investor	Pair Corr
1.0	TWCUX	Ultra Fund Investor	Pair Corr
0.61	TWGAX	International Growth	Pair Corr
0.99	TWGIX	Growth Fund I	Pair Corr
0.69	TWIEX	International Growth	Pair Corr
0.97	TWMIX	Emerging Markets	Pair Corr
0.91	TWRCX	Growth Fund C	Pair Corr
0.79	TWTCX	Intermediate Term Tax	Pair Corr
0.91	TWTIX	Intermediate Term Tax	Pair Corr
0.88	TWSCX	Strategic Allocation:	Pair Corr
0.89	TWSAX	Strategic Allocation:	Pair Corr
0.9	TWSMX	Strategic Allocation:	Pair Corr
0.91	TWSIX	Select Fund I	Pair Corr
0.69	TWUSX	Short Term Government	Pair Corr
0.77	TWUAX	Ultra Fund A	Pair Corr
0.67	TWUOX	Short Term Government	Pair Corr
0.77	TWWOX	Intermediate Term Tax	Pair Corr
0.72	NPHIX	High Income Fund	Pair Corr

Related Correlations Analysis

	TWCUX	TWCCX	PRILX	HACAX	RRTDX	HNACX	HRCAX	FAJTX	FMAGX	PRJIX
TWCUX		1.0	0.82	0.99	0.94	0.99	0.99	0.95	0.35	0.89	TWCUX
TWCCX	1.0		0.82	0.99	0.94	0.99	0.99	0.95	0.36	0.89	TWCCX
PRILX	0.82	0.82		0.83	0.75	0.83	0.83	0.77	0.32	0.7	PRILX
HACAX	0.99	0.99	0.83		0.93	1.0	1.0	0.95	0.42	0.88	HACAX
RRTDX	0.94	0.94	0.75	0.93		0.93	0.93	0.99	0.39	0.96	RRTDX
HNACX	0.99	0.99	0.83	1.0	0.93		1.0	0.95	0.42	0.88	HNACX
HRCAX	0.99	0.99	0.83	1.0	0.93	1.0		0.95	0.42	0.88	HRCAX
FAJTX	0.95	0.95	0.77	0.95	0.99	0.95	0.95		0.4	0.95	FAJTX
FMAGX	0.35	0.36	0.32	0.42	0.39	0.42	0.42	0.4		0.28	FMAGX
PRJIX	0.89	0.89	0.7	0.88	0.96	0.88	0.88	0.95	0.28		PRJIX
	TWCUX	TWCCX	PRILX	HACAX	RRTDX	HNACX	HRCAX	FAJTX	FMAGX	PRJIX

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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
TWCUX	0.72	0.04	0.03	0.12	0.96	(0.73)	1.16	(1.41)	4.93
TWCCX	0.72	0.03	0.03	0.11	0.96	(0.73)	1.16	(1.41)	4.92
PRILX	0.48	0.05	(0.07)	(0.16)	0.62	(0.50)	0.94	(0.86)	3.50
HACAX	0.68	(0.02)	(0.02)	0.06	1.01	(0.65)	1.28	(1.54)	5.03
RRTDX	0.39	0.00	(0.03)	0.09	0.45	(0.41)	0.88	(0.61)	3.61
HNACX	0.68	(0.02)	(0.02)	0.06	1.01	(0.65)	1.29	(1.54)	5.04
HRCAX	0.68	(0.02)	(0.02)	0.06	1.02	(0.65)	1.29	(1.54)	5.03
FAJTX	0.44	0.00	(0.03)	0.08	0.55	(0.45)	0.97	(0.78)	3.77
FMAGX	0.55	(0.12)	0.00	(0.05)	0.00	0.00	1.12	(1.19)	3.80
PRJIX	0.82	(0.02)	0.01	0.07	0.89	(0.92)	2.00	(1.35)	5.68

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Ultra Fund Correlations

Ultra Fund Correlation With Market

Poor diversification

Moving together with Ultra Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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