UBS ETRACS Correlations

Etfs USA . 
Etf . UBS ETRACS
WTID Etf  USD 16.15  1.00  6.60%   
The current 90-days correlation between UBS ETRACS and DB Gold Double is 0.03 (i.e., Significant diversification). The correlation of UBS ETRACS 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 ETRACS Correlation With Market

Very good diversification

The correlation between UBS ETRACS and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS ETRACS and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UBS ETRACS . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with UBS Etf

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Moving against UBS Etf

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  0.52MAGS Roundhill MagnificentPairCorr
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  0.44USFR WisdomTree Floating RatePairCorr

Related Correlations Analysis

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