Jeffrey Bourke - Ultra Fund Insider
Stakeholder Jeffrey Bourke is not found or was disassociated from the entity Ultra Fund Y
If you believe Jeffrey Bourke is a valid insider of Ultra Fund Y please let us know and we will check it out.
Other Suggestions
| AUL | Aurelius MineralsInc | Company |
| AULT-PD | Ault Alliance | Company |
| AULT | Ault Alliance | Company |
| AULYX | Ultra Fund Y | Mutual Fund |
Pair Trading with Ultra Fund
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ultra Fund position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ultra Fund will appreciate offsetting losses from the drop in the long position's value.Moving together with Ultra Mutual Fund
| 0.64 | TWADX | Value Fund A | PairCorr |
| 0.67 | TWEAX | Equity Income | PairCorr |
| 0.95 | TWGIX | Growth Fund I | PairCorr |
| 0.94 | TWRCX | Growth Fund C | PairCorr |
The ability to find closely correlated positions to Ultra Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ultra Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ultra Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ultra Fund Y to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ultra Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ultra Fund Y moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ultra Fund can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ultra Fund Y. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.