Correlation Between Ford and UBS Fund
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By analyzing existing cross correlation between Ford Motor and UBS Fund Solutions, you can compare the effects of market volatilities on Ford 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 Ford with a short position of UBS Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and UBS Fund.
Diversification Opportunities for Ford and UBS Fund
Significant diversification
The 3 months correlation between Ford and UBS is 0.01. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor 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 Ford 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 Ford Motor 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 Ford i.e., Ford and UBS Fund go up and down completely randomly.
Pair Corralation between Ford and UBS Fund
Taking into account the 90-day investment horizon Ford Motor is expected to generate 1.18 times more return on investment than UBS Fund. However, Ford is 1.18 times more volatile than UBS Fund Solutions. It trades about 0.22 of its potential returns per unit of risk. UBS Fund Solutions is currently generating about -0.06 per unit of risk. If you would invest 1,022 in Ford Motor on September 3, 2024 and sell it today you would earn a total of 91.00 from holding Ford Motor or generate 8.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 95.24% |
| Values | Daily Returns |
Ford Motor vs. UBS Fund Solutions
Performance |
| Timeline |
| Ford Motor |
| UBS Fund Solutions |
Ford and UBS Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and UBS Fund
The main advantage of trading using opposite Ford and UBS Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford 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.| Ford vs. GreenPower Motor | Ford vs. ZEEKR Intelligent Technology | Ford vs. Volcon Inc | Ford vs. Ford Motor |
| UBS Fund vs. UBS Fund Solutions | UBS Fund vs. Xtrackers II | UBS Fund vs. Xtrackers Nikkei 225 | UBS Fund vs. iShares VII PLC |
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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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