Correlation Between UBS Fund and JPM USD
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By analyzing existing cross correlation between UBS Fund Solutions and JPM USD Ultra Short, you can compare the effects of market volatilities on UBS Fund and JPM USD 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 Fund with a short position of JPM USD. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Fund and JPM USD.
Diversification Opportunities for UBS Fund and JPM USD
Very weak diversification
The 3 months correlation between UBS and JPM is 0.5. Overlapping area represents the amount of risk that can be diversified away by holding UBS Fund Solutions and JPM USD Ultra Short in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JPM USD Ultra and UBS Fund 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 Fund Solutions are associated (or correlated) with JPM USD. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JPM USD Ultra has no effect on the direction of UBS Fund i.e., UBS Fund and JPM USD go up and down completely randomly.
Pair Corralation between UBS Fund and JPM USD
Assuming the 90 days trading horizon UBS Fund Solutions is expected to generate 2.57 times more return on investment than JPM USD. However, UBS Fund is 2.57 times more volatile than JPM USD Ultra Short. It trades about 0.05 of its potential returns per unit of risk. JPM USD Ultra Short is currently generating about 0.08 per unit of risk. If you would invest 4,506 in UBS Fund Solutions on September 12, 2024 and sell it today you would earn a total of 796.00 from holding UBS Fund Solutions or generate 17.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
UBS Fund Solutions vs. JPM USD Ultra Short
Performance |
| Timeline |
| UBS Fund Solutions |
| JPM USD Ultra |
UBS Fund and JPM USD Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBS Fund and JPM USD
The main advantage of trading using opposite UBS Fund and JPM USD positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS Fund position performs unexpectedly, JPM USD 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 JPM USD will offset losses from the drop in JPM USD's long position.| UBS Fund vs. UBS Barclays Liquid | UBS Fund vs. UBS ETF Public | UBS Fund vs. UBS ETF SICAV | UBS Fund vs. UBS Fund Solutions |
| JPM USD vs. UBS Fund Solutions | JPM USD vs. Xtrackers II | JPM USD vs. Xtrackers Nikkei 225 | JPM USD 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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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