Ultra Fund Correlations
| AULRX Fund | USD 76.27 1.12 1.45% |
The current 90-days correlation between Ultra Fund R and Gamco Global Gold is 0.02 (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
Poor diversification
The correlation between Ultra Fund R and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Fund R and DJI in the same portfolio, assuming nothing else is changed.
Ultra |
Moving together with Ultra Mutual Fund
| 0.73 | AMEIX | Equity Growth | PairCorr |
| 0.88 | AMGIX | Income Growth | PairCorr |
| 1.0 | TWCCX | Ultra Fund C | PairCorr |
| 0.86 | AMVYX | Mid Cap Value | PairCorr |
| 0.86 | AMVRX | Mid Cap Value | PairCorr |
| 0.65 | TWBIX | Balanced Fund Investor | PairCorr |
| 0.86 | AMVGX | Mid Cap Value | PairCorr |
| 0.72 | TWGAX | International Growth | PairCorr |
| 0.73 | TWGGX | Global Growth | PairCorr |
| 0.72 | TWIEX | International Growth | PairCorr |
| 0.99 | TWRCX | Growth Fund C | PairCorr |
| 0.7 | TWSCX | Strategic Allocation | PairCorr |
| 0.71 | TWSAX | Strategic Allocation | PairCorr |
| 0.71 | TWSMX | Strategic Allocation | PairCorr |
| 0.69 | NPHIX | High Income Fund | PairCorr |
Related Correlations Analysis
| 1.0 | 1.0 | 0.93 | 0.85 | 0.99 | 0.99 | FGDIX | ||
| 1.0 | 1.0 | 0.93 | 0.84 | 1.0 | 0.98 | RYMPX | ||
| 1.0 | 1.0 | 0.93 | 0.84 | 1.0 | 0.98 | AGGWX | ||
| 0.93 | 0.93 | 0.93 | 0.89 | 0.92 | 0.94 | MXKJX | ||
| 0.85 | 0.84 | 0.84 | 0.89 | 0.84 | 0.87 | GEBNX | ||
| 0.99 | 1.0 | 1.0 | 0.92 | 0.84 | 0.98 | USERX | ||
| 0.99 | 0.98 | 0.98 | 0.94 | 0.87 | 0.98 | XGGNX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGDIX | 2.05 | 0.45 | 0.13 | 0.43 | 3.00 | 5.28 | 17.37 | |||
| RYMPX | 2.31 | 0.51 | 0.13 | 0.41 | 3.34 | 5.52 | 18.61 | |||
| AGGWX | 2.10 | 0.45 | 0.13 | 0.42 | 3.00 | 4.88 | 17.63 | |||
| MXKJX | 0.66 | 0.13 | 0.16 | 0.21 | 0.52 | 1.61 | 3.82 | |||
| GEBNX | 0.62 | 0.12 | 0.07 | 3.64 | 0.54 | 1.29 | 4.33 | |||
| USERX | 2.24 | 0.51 | 0.14 | 0.45 | 3.09 | 5.50 | 17.81 | |||
| XGGNX | 0.85 | 0.20 | 0.10 | 0.59 | 1.06 | 1.93 | 7.09 |