Ultra Fund Correlations

TWUIX Fund

USD 85.63 1.64 1.95%

The current 90-days correlation between Ultra Fund I and Mid Cap Value is 0.75 (i.e., Poor 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

Almost no diversification

The correlation between Ultra Fund I and DJI is 0.91 (i.e., Almost no 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

0.69	AMDVX	Mid Cap Value	Pair Corr
0.98	AMEIX	Equity Growth	Pair Corr
0.95	AMGIX	Income Growth	Pair Corr
1.0	TWCCX	Ultra Fund C	Pair Corr
1.0	TWCAX	Select Fund A	Pair Corr
1.0	TWCIX	Select Fund Investor	Pair Corr
1.0	TWCGX	Growth Fund Investor	Pair Corr
0.69	AMVYX	Mid Cap Value	Pair Corr
0.7	AMVRX	Mid Cap Value	Pair Corr
0.98	TWBIX	Balanced Fund Investor	Pair Corr
0.69	AMVGX	Mid Cap Value	Pair Corr
1.0	TWCUX	Ultra Fund Investor	Pair Corr
1.0	TWGIX	Growth Fund I	Pair Corr
0.86	TWGGX	Global Growth	Pair Corr
0.98	TWHIX	Heritage Fund Investor	Pair Corr
0.86	TWRCX	Growth Fund C	Pair Corr
0.8	TWSCX	Strategic Allocation:	Pair Corr
0.88	TWSAX	Strategic Allocation:	Pair Corr
0.85	TWSMX	Strategic Allocation:	Pair Corr
1.0	TWSIX	Select Fund I	Pair Corr
1.0	TWUAX	Ultra Fund A	Pair Corr
0.98	ANORX	Small Cap Growth	Pair Corr

Moving against Ultra Mutual Fund

0.89	TWACX	Short Term Government	Pair Corr
0.87	TWAVX	Short Term Government	Pair Corr
0.86	TWARX	Short Term Government	Pair Corr
0.55	CDBCX	Diversified Bond	Pair Corr
0.87	TWUSX	Short Term Government	Pair Corr
0.82	TWUOX	Short Term Government	Pair Corr
0.34	ANTUX	Nt Non Intrinsic	Pair Corr

Related Correlations Analysis

	AMDVX	AMEIX	AMGIX	CDBCX	AMKIX	TWACX	TWADX	TWCCX	TWCAX	TWCIX
AMDVX		0.8	0.88	0.12	0.82	-0.36	0.98	0.69	0.72	0.72	AMDVX
AMEIX	0.8		0.98	-0.42	0.54	-0.81	0.7	0.98	0.99	0.99	AMEIX
AMGIX	0.88	0.98		-0.32	0.6	-0.74	0.79	0.95	0.96	0.96	AMGIX
CDBCX	0.12	-0.42	-0.32		0.3	0.84	0.24	-0.55	-0.52	-0.52	CDBCX
AMKIX	0.82	0.54	0.6	0.3		-0.12	0.87	0.42	0.46	0.46	AMKIX
TWACX	-0.36	-0.81	-0.74	0.84	-0.12		-0.23	-0.89	-0.87	-0.87	TWACX
TWADX	0.98	0.7	0.79	0.24	0.87	-0.23		0.57	0.61	0.61	TWADX
TWCCX	0.69	0.98	0.95	-0.55	0.42	-0.89	0.57		1.0	1.0	TWCCX
TWCAX	0.72	0.99	0.96	-0.52	0.46	-0.87	0.61	1.0		1.0	TWCAX
TWCIX	0.72	0.99	0.96	-0.52	0.46	-0.87	0.61	1.0	1.0		TWCIX
	AMDVX	AMEIX	AMGIX	CDBCX	AMKIX	TWACX	TWADX	TWCCX	TWCAX	TWCIX

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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

TWCAX	+ 1.0	TWCCX
TWCIX	+ 1.0	TWCCX
TWCIX	+ 1.0	TWCAX
TWCAX	+ 0.99	AMEIX
TWCIX	+ 0.99	AMEIX
TWADX	+ 0.98	AMDVX

High negative correlations

TWCCX	- 0.89	TWACX
TWCIX	- 0.87	TWACX
TWCAX	- 0.87	TWACX
TWACX	- 0.81	AMEIX
TWACX	- 0.74	AMGIX
TWCCX	- 0.55	CDBCX

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
AMDVX	0.89	(0.01)	0.00	(0.09)	0.00	0.00	1.39	(1.68)	8.47
AMEIX	1.16	(0.08)	0.00	(0.15)	0.00	0.00	1.83	(2.74)	13.23
AMGIX	0.93	(0.04)	0.00	(0.13)	0.00	0.00	1.40	(1.60)	9.94
CDBCX	0.27	(0.01)	0.19	(1.53)	0.34	(0.31)	0.56	(0.55)	2.09
AMKIX	1.04	(0.01)	0.00	(0.10)	0.00	0.00	2.12	(2.35)	8.03
TWACX	0.10	0.00	0.54	(0.07)	0.00	(0.15)	0.22	(0.22)	0.78
TWADX	0.86	0.01	0.00	(0.07)	0.00	0.00	1.26	(1.86)	8.87
TWCCX	1.49	(0.11)	0.00	(0.17)	0.00	0.00	2.41	(4.20)	16.28
TWCAX	1.44	(0.10)	0.00	(0.16)	0.00	0.00	2.40	(3.87)	16.00
TWCIX	1.44	(0.10)	0.00	(0.16)	0.00	0.00	2.41	(3.87)	16.00

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