UBS Fund Correlations

Etfs . Switzerland . 
Etf . UBS Fund Solutions
CCXAE Etf  EUR 199.66  3.38  1.72%   
The correlation of UBS 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.

UBS Fund Correlation With Market

Poor diversification

The correlation between UBS Fund Solutions and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS Fund Solutions and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to UBS 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 UBS 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 UBS 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 UBS Fund Solutions to buy it.

Moving together with UBS Etf

  0.92COMF LG Longer DatedPairCorr
  0.98CCUSAS UBS Fund SolutionsPairCorr
  0.98CCEUA UBS Fund SolutionsPairCorr
  0.96MRIC Market Access RogersPairCorr
  0.9DCEUAS UBS Fund SolutionsPairCorr
  0.98DCGBAS UBS Fund SolutionsPairCorr
  0.97DCCHAS UBS Fund SolutionsPairCorr
  0.95AUEM Amundi Index SolutionsPairCorr
  0.83SJPA iShares Core MSCIPairCorr
  0.92HMXJ HSBC MSCI PacificPairCorr
  0.71MUUSAS UBS Fund SolutionsPairCorr
  0.68500USD Amundi Index SolutionsPairCorr
  0.78SAUS iShares MSCI AustraliaPairCorr
  0.96EGUSAS UBS Fund SolutionsPairCorr
  0.86SMCX SPDR MSCI EuropePairCorr
  0.95IFFF iShares MSCI ACPairCorr
  0.96IEEM iShares MSCI EMPairCorr
  0.8SCITY Amundi Index SolutionsPairCorr
  0.88AFLT Amundi Index SolutionsPairCorr
  0.74XSMI Xtrackers SwitzerlandPairCorr
  0.84WRDUSW-USD UBSETF MSCIWLD USDaPairCorr
  0.95HKOR HSBC MSCI KOREAPairCorr
  0.9PSRW Invesco FTSE RAFIPairCorr
  0.86IAUP iShares Gold ProducersPairCorr
  0.9SX5D Invesco EURO STOXXPairCorr
  0.81HMEU HSBC MSCI EuropePairCorr
  0.9XLIS Invesco IndustrialsPairCorr
  0.88TBIL SPDR Bloomberg 1PairCorr
  0.8IJPN iShares MSCI JapanPairCorr
  0.83JPESG UBS ETF plcPairCorr
  0.89SXXEEX iShares EURO STOXXPairCorr
  0.91SMHV VanEck SemiconductorPairCorr
  0.81CSBGU3 iShares VII PLCPairCorr
  0.82EMUEUA UBSFund Solutions MSCIPairCorr

Related Correlations Analysis


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

SMMCHA
+ 0.97
CHSRIA
SMMCHA
+ 0.97
EUREUA
EUREUA
+ 0.95
EMMUSC
EUREUA
+ 0.94
CHSRIA
SMMCHA
+ 0.92
EMMUSC
EMMUSC
+ 0.83
CHSRIA
  

High negative correlations

F5ESGA
- 0.51
USAPA
EMMUSC
- 0.45
USAPA
SMMCHA
- 0.37
USAPA
EUREUA
- 0.32
USAPA
USAPA
- 0.26
CHSRIA
22284042
- 0.0
22284045

UBS Fund Constituents Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS Fund 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CHSRIA  0.46  0.07  0.05  2.23  0.61 
(0.46)
 0.89 
(1.20)
 2.36 
EESGA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
USAPA  0.56 (0.08) 0.00 (0.51) 0.00 
 0.00 
 1.43 
(1.48)
 4.85 
EMMUSC  0.70  0.18  0.16  1.97  0.62 
(0.76)
 1.51 
(1.28)
 4.47 
F5ESGA  0.27  0.00 (0.10)(0.02) 0.26 
(0.41)
 0.59 
(0.39)
 1.38 
EUREUA  0.52  0.11  0.10  2.46  0.58 
(0.53)
 1.28 
(1.19)
 2.83 
SMMCHA  0.51  0.11  0.11 (7.87) 0.51 
(0.55)
 1.05 
(1.15)
 2.84 
22284045  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
22284042  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 

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