Ultra Fund Correlations

AULGX Fund

USD 98.61 0.79 0.81%

The current 90-days correlation between Ultra Fund R5 and Us Targeted Value is 0.35 (i.e., Weak 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 R5 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 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 census.

Moving together with Ultra Mutual Fund

0.95	TWCAX	Select Fund A	Pair Corr
0.95	TWCIX	Select Fund Investor	Pair Corr
0.98	TWCGX	Growth Fund Investor	Pair Corr
1.0	TWCUX	Ultra Fund Investor	Pair Corr
0.98	TWGIX	Growth Fund I	Pair Corr
0.74	TWHIX	Heritage Fund Investor	Pair Corr
0.95	TWSIX	Select Fund I	Pair Corr
1.0	TWUAX	Ultra Fund A	Pair Corr
1.0	TWUIX	Ultra Fund I	Pair Corr

Moving against Ultra Mutual Fund

0.56	TWAVX	Short Term Government	Pair Corr
0.53	AMDVX	Mid Cap Value	Pair Corr
0.52	TWADX	Value Fund A	Pair Corr
0.5	TWARX	Short Term Government	Pair Corr
0.49	TWACX	Short Term Government	Pair Corr
0.47	CDBCX	Diversified Bond	Pair Corr
0.43	AMKIX	Emerging Markets	Pair Corr
0.39	AMVYX	Mid Cap Value	Pair Corr
0.39	AMVRX	Mid Cap Value	Pair Corr
0.39	AMVGX	Mid Cap Value	Pair Corr
0.31	AMGIX	Income Growth	Pair Corr
0.6	TWEAX	Equity Income	Pair Corr
0.59	TWEIX	Equity Income	Pair Corr
0.59	TWTCX	Intermediate Term Tax	Pair Corr
0.59	TWTIX	Intermediate Term Tax	Pair Corr
0.5	TWUSX	Short Term Government	Pair Corr
0.43	TWMIX	Emerging Markets	Pair Corr
0.6	TWWOX	Intermediate Term Tax	Pair Corr
0.53	TWUOX	Short Term Government	Pair Corr
0.52	TWVLX	Value Fund Investor	Pair Corr
0.41	ANTUX	Nt Non Intrinsic	Pair Corr
0.36	ANTSX	Nt International Small	Pair Corr

Related Correlations Analysis

	OTCIX	TEPLX	LZOEX	DFSVX	RLEMX	DFSTX	VAFIX	DFISX	MRSKX	DFFVX
OTCIX		0.26	-0.17	-0.09	-0.17	0.09	0.91	-0.03	-0.04	-0.07	OTCIX
TEPLX	0.26		0.88	0.88	0.88	0.92	0.15	0.94	0.93	0.89	TEPLX
LZOEX	-0.17	0.88		0.94	1.0	0.91	-0.27	0.97	0.95	0.94	LZOEX
DFSVX	-0.09	0.88	0.94		0.94	0.98	-0.21	0.96	0.96	1.0	DFSVX
RLEMX	-0.17	0.88	1.0	0.94		0.91	-0.27	0.97	0.95	0.94	RLEMX
DFSTX	0.09	0.92	0.91	0.98	0.91		-0.06	0.95	0.95	0.99	DFSTX
VAFIX	0.91	0.15	-0.27	-0.21	-0.27	-0.06		-0.13	-0.13	-0.19	VAFIX
DFISX	-0.03	0.94	0.97	0.96	0.97	0.95	-0.13		0.98	0.96	DFISX
MRSKX	-0.04	0.93	0.95	0.96	0.95	0.95	-0.13	0.98		0.96	MRSKX
DFFVX	-0.07	0.89	0.94	1.0	0.94	0.99	-0.19	0.96	0.96		DFFVX
	OTCIX	TEPLX	LZOEX	DFSVX	RLEMX	DFSTX	VAFIX	DFISX	MRSKX	DFFVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RLEMX	+ 1.0	LZOEX
DFFVX	+ 1.0	DFSVX
DFFVX	+ 0.99	DFSTX
DFSTX	+ 0.98	DFSVX
MRSKX	+ 0.98	DFISX
DFISX	+ 0.97	LZOEX

High negative correlations

VAFIX	- 0.27	RLEMX
VAFIX	- 0.27	LZOEX
VAFIX	- 0.21	DFSVX
DFFVX	- 0.19	VAFIX
RLEMX	- 0.17	OTCIX
LZOEX	- 0.17	OTCIX

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
OTCIX	0.86	(0.07)	(0.06)	0.00	1.08	(0.87)	1.35	(1.77)	5.44
TEPLX	0.59	0.03	0.02	0.11	0.70	(0.60)	1.26	(1.25)	3.87
LZOEX	0.52	0.21	0.27	0.53	0.00	(0.61)	1.28	(1.09)	2.66
DFSVX	0.84	0.18	0.21	0.22	0.54	(1.00)	2.60	(1.40)	4.92
RLEMX	0.52	0.21	0.27	0.52	0.00	(0.63)	1.29	(1.09)	2.64
DFSTX	0.76	0.12	0.14	0.17	0.60	(0.89)	2.29	(1.34)	4.53
VAFIX	0.91	(0.09)	0.00	(0.03)	0.00	0.00	1.71	(2.50)	5.85
DFISX	0.58	0.16	0.17	0.32	0.47	(0.64)	1.50	(1.18)	3.57
MRSKX	0.56	0.18	0.23	0.40	0.23	(0.67)	1.50	(0.94)	4.22
DFFVX	0.79	0.16	0.20	0.22	0.49	(0.94)	2.49	(1.35)	4.74

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