Ultimus Managers Correlations

WWMCX Fund

USD 11.06 0.23 2.12%

The current 90-days correlation between Ultimus Managers Trust and Deutsche Health And is 0.65 (i.e., Poor diversification). The correlation of Ultimus Managers 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.

Ultimus Managers Correlation With Market

Poor diversification

The correlation between Ultimus Managers Trust and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultimus Managers Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ultimus Managers Trust. 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 main economic indicators.

Moving together with Ultimus Mutual Fund

0.76	WWLAX	Westwood Largecap Value	Pair Corr
0.99	WWSMX	Westwood Quality Smidcap	Pair Corr
0.96	WWSYX	Westwood Quality Smallcap	Pair Corr
0.96	WHGSX	Westwood Smallcap Value	Pair Corr
0.96	WHGCX	Westwood Quality Smallcap	Pair Corr
0.9	WHGAX	Westwood Quality Smallcap	Pair Corr
0.99	WHGMX	Westwood Smidcap	Pair Corr
0.76	WHGLX	Westwood Largecap Value	Pair Corr
0.83	WQAIX	Westwood Quality Allcap	Pair Corr
0.83	WQAUX	Westwood Quality Allcap	Pair Corr
0.86	FLPKX	Fidelity Low Priced	Pair Corr
0.86	FLPSX	Fidelity Low Priced	Pair Corr
0.74	VMVAX	Vanguard Mid Cap	Pair Corr
0.68	JVMAX	John Hancock Disciplined	Pair Corr
0.7	JVMIX	John Hancock Disciplined	Pair Corr
0.86	VMVIX	Vanguard Mid Cap	Pair Corr
0.97	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.97	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.97	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.96	JMVYX	Jpmorgan Mid Cap	Pair Corr

Moving against Ultimus Mutual Fund

0.52	WMNUX	Westwood Market Neutral	Pair Corr
0.49	WMNAX	Westwood Alternative	Pair Corr
0.49	WMNIX	Westwood Market Neutral	Pair Corr
0.98	UIPIX	Ultrashort Mid Cap	Pair Corr
0.86	USPSX	Profunds Ultrashort	Pair Corr
0.86	USPIX	Profunds Ultrashort	Pair Corr
0.62	FICMX	Federated Government	Pair Corr
0.53	FAUDX	Strategic Advisers Short	Pair Corr
0.49	VZICX	Vanguard International	Pair Corr
0.44	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.44	FTCAX	Templeton Strained Bond	Pair Corr
0.44	TIEUX	International Equity	Pair Corr
0.38	VCRCX	Mainstay Cbre Global	Pair Corr
0.36	VMNVX	Vanguard Global Minimum	Pair Corr

Related Correlations Analysis

	SCHLX	XXGRX	ETAHX	LOGSX	HIAHX	PGHAX	HGHYX	LYFAX
SCHLX		0.79	0.42	0.81	0.85	0.85	0.81	0.92	SCHLX
XXGRX	0.79		0.33	0.78	0.66	0.69	0.76	0.88	XXGRX
ETAHX	0.42	0.33		0.28	0.8	0.19	0.69	0.32	ETAHX
LOGSX	0.81	0.78	0.28		0.65	0.76	0.59	0.73	LOGSX
HIAHX	0.85	0.66	0.8	0.65		0.6	0.9	0.73	HIAHX
PGHAX	0.85	0.69	0.19	0.76	0.6		0.59	0.84	PGHAX
HGHYX	0.81	0.76	0.69	0.59	0.9	0.59		0.85	HGHYX
LYFAX	0.92	0.88	0.32	0.73	0.73	0.84	0.85		LYFAX
	SCHLX	XXGRX	ETAHX	LOGSX	HIAHX	PGHAX	HGHYX	LYFAX

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Risk-Adjusted Indicators

There is a big difference between Ultimus Mutual Fund performing well and Ultimus Managers 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 Ultimus Managers' 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
SCHLX	0.64	0.06	0.11	0.09	0.68	(0.72)	1.25	(1.17)	3.70
XXGRX	0.76	(0.02)	0.00	0.13	0.00	0.00	1.51	(1.62)	4.62
ETAHX	1.15	(0.02)	0.00	(0.06)	0.00	0.00	1.88	(2.74)	6.50
LOGSX	0.68	0.01	0.03	(0.01)	0.92	(0.69)	1.18	(1.52)	3.69
HIAHX	0.70	0.03	0.05	0.01	0.80	(0.84)	1.39	(1.22)	4.43
PGHAX	0.65	0.02	0.05	0.02	0.83	(0.67)	1.33	(1.10)	4.12
HGHYX	0.69	(0.02)	0.00	0.11	0.00	0.00	1.41	(1.25)	4.37
LYFAX	0.61	0.01	0.07	(0.09)	0.71	(0.63)	1.22	(1.18)	3.27

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