UBS AG Correlations

AMUB Etf

USD 20.56 0.14 0.69%

The current 90-days correlation between UBS AG London and UBS AG London is 0.79 (i.e., Poor diversification). The correlation of UBS AG 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.

UBS AG Correlation With Market

Modest diversification

The correlation between UBS AG London and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS AG London 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 UBS AG London. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with UBS Etf

0.85	EMLP	First Trust North	Pair Corr
0.99	MLPA	Global X MLP	Pair Corr
0.82	MLPX	Global X MLP	Pair Corr
0.76	TPYP	Tortoise North American	Pair Corr
0.99	AMZA	InfraCap MLP ETF	Pair Corr
0.99	MLPB	UBS AG London	Pair Corr
0.96	ATMP	Barclays ETN Select	Pair Corr
0.83	ENFR	Alerian Energy Infra	Pair Corr
0.86	MMM	3M Company	Pair Corr
0.82	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.71	IBM	International Business	Pair Corr
0.66	T	ATT Inc Aggressive Push	Pair Corr

Moving against UBS Etf

0.38	USD	ProShares Ultra Semi	Pair Corr
0.33	TECL	Direxion Daily Technology	Pair Corr
0.41	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	MLPB	ATMP	MLPO	BDCZ	PYPE
MLPB		0.97	0.0	0.9	0.0	MLPB
ATMP	0.97		0.0	0.81	0.0	ATMP
MLPO	0.0	0.0		0.0	0.0	MLPO
BDCZ	0.9	0.81	0.0		0.0	BDCZ
PYPE	0.0	0.0	0.0	0.0		PYPE
	MLPB	ATMP	MLPO	BDCZ	PYPE

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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

ATMP	+ 0.97	MLPB
BDCZ	+ 0.9	MLPB
BDCZ	+ 0.81	ATMP
MLPO	+ 0.0	MLPB
PYPE	+ 0.0	MLPB
MLPO	+ 0.0	ATMP

High negative correlations

PYPE	- 0.0	BDCZ
PYPE	- 0.0	MLPO
BDCZ	- 0.0	MLPO
PYPE	- 0.0	ATMP
MLPO	- 0.0	ATMP
PYPE	- 0.0	MLPB

UBS AG Constituents Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS AG ETF 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 UBS AG'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
MLPB	0.97	0.19	0.14	0.35	1.08	(0.95)	1.63	(1.79)	4.84
ATMP	1.05	0.14	0.09	0.29	1.38	(1.05)	1.82	(2.24)	6.37
MLPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BDCZ	0.48	0.13	0.22	0.58	0.31	(0.56)	1.17	(0.90)	2.69
PYPE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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