Correlation Between Lyxor 1 and UBS Fund
Specify exactly 2 symbols:
By analyzing existing cross correlation between Lyxor 1 and UBS Fund Solutions, you can compare the effects of market volatilities on Lyxor 1 and UBS Fund 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 Lyxor 1 with a short position of UBS Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lyxor 1 and UBS Fund.
Diversification Opportunities for Lyxor 1 and UBS Fund
Very good diversification
The 3 months correlation between Lyxor and UBS is -0.31. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor 1 and UBS Fund Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UBS Fund Solutions and Lyxor 1 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 Lyxor 1 are associated (or correlated) with UBS Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UBS Fund Solutions has no effect on the direction of Lyxor 1 i.e., Lyxor 1 and UBS Fund go up and down completely randomly.
Pair Corralation between Lyxor 1 and UBS Fund
Assuming the 90 days trading horizon Lyxor 1 is expected to generate 5.62 times more return on investment than UBS Fund. However, Lyxor 1 is 5.62 times more volatile than UBS Fund Solutions. It trades about 0.28 of its potential returns per unit of risk. UBS Fund Solutions is currently generating about 0.18 per unit of risk. If you would invest 2,481 in Lyxor 1 on September 12, 2024 and sell it today you would earn a total of 105.00 from holding Lyxor 1 or generate 4.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Lyxor 1 vs. UBS Fund Solutions
Performance |
| Timeline |
| Lyxor 1 |
| UBS Fund Solutions |
Lyxor 1 and UBS Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lyxor 1 and UBS Fund
The main advantage of trading using opposite Lyxor 1 and UBS Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lyxor 1 position performs unexpectedly, UBS Fund 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 Fund will offset losses from the drop in UBS Fund's long position.| Lyxor 1 vs. Lyxor Fed Funds | Lyxor 1 vs. Lyxor BofAML USD | Lyxor 1 vs. Lyxor Index Fund | Lyxor 1 vs. Lyxor 1 TecDAX |
| UBS Fund vs. UBS Barclays Liquid | UBS Fund vs. UBS ETF Public | UBS Fund vs. UBS ETF SICAV | UBS Fund vs. UBS Fund Solutions |
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Other Complementary Tools
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |