UBS ETRACS Correlations

WTIU Etf

USD 16.49 0.14 0.86%

The current 90-days correlation between UBS ETRACS and First Trust Exchange Traded is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

UBS ETRACS Correlation With Market

Very weak diversification

The correlation between UBS ETRACS and DJI is 0.44 (i.e., Very weak 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 against UBS Etf

0.35	SHNY	Microsectors Gold	Pair Corr
0.33	UGL	ProShares Ultra Gold	Pair Corr
0.32	DGP	DB Gold Double	Pair Corr
0.33	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	MDEV	MDST	MEDX	MEDI	MGNR	MISL	DPST	DRIP	DRLL
MDEV		-0.38	0.53	0.78	0.01	0.27	-0.51	0.25	-0.23	MDEV
MDST	-0.38		-0.89	-0.68	0.79	0.58	0.89	-0.76	0.8	MDST
MEDX	0.53	-0.89		0.84	-0.66	-0.34	-0.76	0.55	-0.62	MEDX
MEDI	0.78	-0.68	0.84		-0.29	-0.06	-0.64	0.37	-0.41	MEDI
MGNR	0.01	0.79	-0.66	-0.29		0.72	0.64	-0.71	0.75	MGNR
MISL	0.27	0.58	-0.34	-0.06	0.72		0.55	-0.52	0.55	MISL
DPST	-0.51	0.89	-0.76	-0.64	0.64	0.55		-0.7	0.69	DPST
DRIP	0.25	-0.76	0.55	0.37	-0.71	-0.52	-0.7		-0.98	DRIP
DRLL	-0.23	0.8	-0.62	-0.41	0.75	0.55	0.69	-0.98		DRLL
	MDEV	MDST	MEDX	MEDI	MGNR	MISL	DPST	DRIP	DRLL

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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

DPST	+ 0.89	MDST
MEDI	+ 0.84	MEDX
DRLL	+ 0.8	MDST
MGNR	+ 0.79	MDST
MEDI	+ 0.78	MDEV
DRLL	+ 0.75	MGNR

High negative correlations

DRLL	- 0.98	DRIP
MEDX	- 0.89	MDST
DPST	- 0.76	MEDX
DRIP	- 0.76	MDST
DRIP	- 0.71	MGNR
DRIP	- 0.7	DPST

UBS ETRACS Constituents Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS ETRACS 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 ETRACS'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
MDEV	0.59	(0.07)	(0.18)	(0.01)	0.66	(0.63)	1.37	(1.04)	3.02
MDST	0.67	0.10	0.06	0.29	0.51	(0.76)	1.61	(0.91)	4.07
MEDX	0.64	(0.27)	0.00	(0.36)	0.00	0.00	1.16	(1.65)	4.42
MEDI	0.79	(0.16)	0.00	(0.13)	0.00	0.00	1.36	(1.69)	5.09
MGNR	1.02	0.10	0.05	0.24	1.24	(1.14)	2.40	(2.00)	7.43
MISL	0.83	(0.06)	(0.03)	0.07	1.37	(0.84)	1.70	(1.89)	8.21
DPST	4.30	0.17	0.21	0.15	3.86	(5.26)	9.32	(5.98)	51.17
DRIP	2.44	(0.01)	0.00	0.13	0.00	0.00	5.12	(4.28)	18.28
DRLL	0.94	0.03	0.00	0.15	1.27	(0.91)	1.86	(2.04)	5.64

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