Correlation Between UBS Barclays and UBS Fund
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By analyzing existing cross correlation between UBS Barclays Liquid and UBS Fund Solutions, you can compare the effects of market volatilities on UBS Barclays 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 UBS Barclays with a short position of UBS Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Barclays and UBS Fund.
Diversification Opportunities for UBS Barclays and UBS Fund
0.66 | Correlation Coefficient |
Poor diversification
The 3 months correlation between UBS and UBS is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding UBS Barclays Liquid 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 UBS Barclays 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 Barclays Liquid 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 UBS Barclays i.e., UBS Barclays and UBS Fund go up and down completely randomly.
Pair Corralation between UBS Barclays and UBS Fund
Assuming the 90 days trading horizon UBS Barclays is expected to generate 7.22 times less return on investment than UBS Fund. But when comparing it to its historical volatility, UBS Barclays Liquid is 1.25 times less risky than UBS Fund. It trades about 0.07 of its potential returns per unit of risk. UBS Fund Solutions is currently generating about 0.42 of returns per unit of risk over similar time horizon. If you would invest 9,879 in UBS Fund Solutions on October 20, 2024 and sell it today you would earn a total of 639.00 from holding UBS Fund Solutions or generate 6.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
UBS Barclays Liquid vs. UBS Fund Solutions
Performance |
| Timeline |
| UBS Barclays Liquid |
| UBS Fund Solutions |
UBS Barclays and UBS Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBS Barclays and UBS Fund
The main advantage of trading using opposite UBS Barclays and UBS Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS Barclays 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.| UBS Barclays vs. UBS ETF Public | UBS Barclays vs. UBS ETF SICAV | UBS Barclays vs. UBS Fund Solutions | UBS Barclays vs. UBS plc |
| UBS Fund vs. UBS Barclays Liquid | UBS Fund vs. UBS ETF Public | UBS Fund vs. UBS ETF SICAV | UBS Fund vs. UBS 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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