UBS Group Correlations

UBS Stock

USD 33.55 0.06 0.18%

The current 90-days correlation between UBS Group AG and Citigroup is 0.57 (i.e., Very weak diversification). The correlation of UBS Group 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 Group Correlation With Market

Modest diversification

The correlation between UBS Group AG and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS Group AG 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 UBS Group AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with UBS Stock

0.81	C	Citigroup Aggressive Push	Pair Corr
0.8	BK	Bank of New York	Pair Corr
0.7	TD	Toronto Dominion Bank	Pair Corr
0.69	BML-PG	Bank of America	Pair Corr
0.64	BML-PH	Bank of America	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.75	BCS	Barclays PLC ADR	Pair Corr
0.8	ING	ING Group NV Normal Trading	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.64	JPM-PC	JPMorgan Chase	Pair Corr
0.63	JPM-PD	JPMorgan Chase	Pair Corr
0.71	WFC	Wells Fargo	Pair Corr
0.74	BAC-PB	Bank of America	Pair Corr
0.74	BAC-PK	Bank of America	Pair Corr
0.81	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.7	BBVA	Banco Bilbao Viscaya Normal Trading	Pair Corr
0.78	C-PN	Citigroup Capital XIII	Pair Corr

Moving against UBS Stock

0.43	BNS	Bank of Nova Scotia	Pair Corr
0.35	DHIL	Diamond Hill Investment	Pair Corr

Related Correlations Analysis

	C	BCS	HSBC	NU	ING	NWG	SAN	RY	BBVA	BAC
C		0.94	0.91	0.12	0.92	0.72	0.8	-0.3	0.93	0.52	C
BCS	0.94		0.85	0.25	0.87	0.88	0.85	-0.2	0.9	0.53	BCS
HSBC	0.91	0.85		-0.12	0.81	0.71	0.78	-0.48	0.92	0.25	HSBC
NU	0.12	0.25	-0.12		0.21	0.26	0.41	0.25	0.2	0.54	NU
ING	0.92	0.87	0.81	0.21		0.65	0.79	-0.31	0.91	0.45	ING
NWG	0.72	0.88	0.71	0.26	0.65		0.81	0.04	0.75	0.44	NWG
SAN	0.8	0.85	0.78	0.41	0.79	0.81		-0.23	0.92	0.54	SAN
RY	-0.3	-0.2	-0.48	0.25	-0.31	0.04	-0.23		-0.38	0.32	RY
BBVA	0.93	0.9	0.92	0.2	0.91	0.75	0.92	-0.38		0.45	BBVA
BAC	0.52	0.53	0.25	0.54	0.45	0.44	0.54	0.32	0.45		BAC
	C	BCS	HSBC	NU	ING	NWG	SAN	RY	BBVA	BAC

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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

BCS	+ 0.94	C
BBVA	+ 0.93	C
ING	+ 0.92	C
BBVA	+ 0.92	HSBC
BBVA	+ 0.92	SAN
HSBC	+ 0.91	C

High negative correlations

RY	- 0.48	HSBC
BBVA	- 0.38	RY
RY	- 0.31	ING
RY	- 0.3	C
RY	- 0.23	SAN
RY	- 0.2	BCS

Risk-Adjusted Indicators

There is a big difference between UBS Stock performing well and UBS Group Company 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 Group'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
C	1.08	0.33	0.25	0.40	0.99	(1.25)	2.45	(1.42)	8.05
BCS	1.56	0.20	0.11	0.20	1.75	(1.77)	2.93	(2.65)	13.27
HSBC	0.71	0.30	0.34	1.30	0.46	(0.81)	1.55	(1.46)	3.94
NU	2.03	(0.13)	0.00	(0.18)	0.00	0.00	4.33	(4.23)	15.44
ING	1.07	0.12	0.09	0.21	1.20	(1.14)	2.46	(2.12)	6.28
NWG	1.32	0.13	0.07	0.11	1.78	(1.32)	2.88	(2.54)	9.19
SAN	1.47	0.37	0.22	0.56	1.39	(1.90)	3.91	(2.71)	11.63
RY	0.64	(0.05)	0.00	(0.09)	0.00	0.00	1.11	(1.54)	5.83
BBVA	1.44	0.40	0.24	0.67	1.27	(1.75)	4.05	(2.62)	8.24
BAC	0.87	0.06	0.06	0.14	0.99	(0.94)	1.82	(1.80)	5.56

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