Ultra Fund Correlations

AULDX Fund

USD 89.96 1.37 1.50%

The current 90-days correlation between Ultra Fund R6 and Ultra Fund C is -0.28 (i.e., Very good 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

Good diversification

The correlation between Ultra Fund R6 and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Fund R6 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 R6. 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 unemployment.

Moving together with Ultra Mutual Fund

0.91	AMEIX	Equity Growth	Pair Corr
0.8	AMGIX	Income Growth	Pair Corr
0.92	TWCCX	Ultra Fund C	Pair Corr
0.93	TWCAX	Select Fund A	Pair Corr
0.97	TWCIX	Select Fund Investor	Pair Corr
0.96	TWCGX	Growth Fund Investor	Pair Corr
1.0	TWCUX	Ultra Fund Investor	Pair Corr
0.81	TWHIX	Heritage Fund Investor	Pair Corr
0.62	TWSAX	Strategic Allocation	Pair Corr
0.93	TWUAX	Ultra Fund A	Pair Corr
0.7	AORVX	One Choice Portfolio	Pair Corr
0.69	AOVIX	One Choice Portfolio	Pair Corr

Moving against Ultra Mutual Fund

0.82	TWACX	Short Term Government	Pair Corr
0.82	TWAVX	Short Term Government	Pair Corr
0.79	TWARX	Short Term Government	Pair Corr
0.64	CDBCX	Diversified Bond	Pair Corr
0.34	NPHIX	High Income Fund	Pair Corr
0.32	TWTIX	Intermediate Term Tax	Pair Corr
0.75	BTTRX	Zero Pon 2025	Pair Corr
0.73	APOHX	Short Duration Inflation	Pair Corr
0.72	APISX	Short Duration Inflation	Pair Corr
0.55	ANVLX	American Century Non	Pair Corr
0.31	BCIAX	California Intermediate-ter	Pair Corr

Related Correlations Analysis

	TWCCX	ASERX	ACSLX	AULNX	RYHOX
TWCCX		1.0	1.0	0.95	0.94	TWCCX
ASERX	1.0		1.0	0.95	0.96	ASERX
ACSLX	1.0	1.0		0.94	0.95	ACSLX
AULNX	0.95	0.95	0.94		0.9	AULNX
RYHOX	0.94	0.96	0.95	0.9		RYHOX
	TWCCX	ASERX	ACSLX	AULNX	RYHOX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TWCCX	1.18	(0.20)	(0.23)	1.87	(2.78)	6.65
ASERX	1.12	(0.17)	(0.22)	1.81	(2.58)	6.32
ACSLX	1.13	(0.18)	(0.23)	1.81	(2.57)	6.32
AULNX	1.15	(0.28)	0.90	1.89	(2.77)	6.66
RYHOX	1.22	(0.19)	(0.27)	1.65	(2.98)	8.04

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