Correlation Between UBS Property and CSIF I
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By analyzing existing cross correlation between UBS Property and CSIF I Bond, you can compare the effects of market volatilities on UBS Property and CSIF I 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 UBS Property with a short position of CSIF I. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Property and CSIF I.
Diversification Opportunities for UBS Property and CSIF I
0.66 | Correlation Coefficient |
Poor diversification
The 3 months correlation between UBS and CSIF is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding UBS Property and CSIF I Bond in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CSIF I Bond and UBS Property 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 UBS Property are associated (or correlated) with CSIF I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CSIF I Bond has no effect on the direction of UBS Property i.e., UBS Property and CSIF I go up and down completely randomly.
Pair Corralation between UBS Property and CSIF I
Assuming the 90 days trading horizon UBS Property is expected to generate 2.44 times more return on investment than CSIF I. However, UBS Property is 2.44 times more volatile than CSIF I Bond. It trades about 0.23 of its potential returns per unit of risk. CSIF I Bond is currently generating about 0.07 per unit of risk. If you would invest 6,900 in UBS Property on September 23, 2024 and sell it today you would earn a total of 220.00 from holding UBS Property or generate 3.19% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 90.91% |
| Values | Daily Returns |
UBS Property vs. CSIF I Bond
Performance |
| Timeline |
| UBS Property |
| CSIF I Bond |
UBS Property and CSIF I Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBS Property and CSIF I
The main advantage of trading using opposite UBS Property and CSIF I positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS Property position performs unexpectedly, CSIF I 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 CSIF I will offset losses from the drop in CSIF I's long position.| UBS Property vs. Procimmo Real Estate | UBS Property vs. Baloise Holding AG | UBS Property vs. Banque Cantonale du | UBS Property vs. Invesco EQQQ NASDAQ 100 |
| CSIF I vs. CSIF III Eq | CSIF I vs. UBS Property | CSIF I vs. Procimmo Real Estate | CSIF I vs. Baloise Holding AG |
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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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