Correlation Between CM AM and UBS Money
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By analyzing existing cross correlation between CM AM Monplus NE and UBS Money Market, you can compare the effects of market volatilities on CM AM and UBS Money and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CM AM with a short position of UBS Money. Check out your portfolio center. Please also check ongoing floating volatility patterns of CM AM and UBS Money.
Diversification Opportunities for CM AM and UBS Money
Pay attention - limited upside
The 3 months correlation between 0P0001F96C and UBS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CM AM Monplus NE and UBS Money Market in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UBS Money Market and CM AM is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CM AM Monplus NE are associated (or correlated) with UBS Money. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UBS Money Market has no effect on the direction of CM AM i.e., CM AM and UBS Money go up and down completely randomly.
Pair Corralation between CM AM and UBS Money
If you would invest 10,642 in CM AM Monplus NE on November 4, 2024 and sell it today you would earn a total of 22.00 from holding CM AM Monplus NE or generate 0.21% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
CM AM Monplus NE vs. UBS Money Market
Performance |
| Timeline |
| CM AM Monplus |
| UBS Money Market |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
CM AM and UBS Money Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CM AM and UBS Money
The main advantage of trading using opposite CM AM and UBS Money positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CM AM position performs unexpectedly, UBS Money can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UBS Money will offset losses from the drop in UBS Money's long position.| CM AM vs. R co Valor F | CM AM vs. IE00B0H4TS55 | CM AM vs. DWS Aktien Strategie | CM AM vs. BGF Euro Markets |
| UBS Money vs. Esfera Robotics R | UBS Money vs. R co Valor F | UBS Money vs. CM AM Monplus NE | UBS Money vs. IE00B0H4TS55 |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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