Correlation Between UBS Fund and Lyxor UCITS
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By analyzing existing cross correlation between UBS Fund Solutions and Lyxor UCITS EuroMTS, you can compare the effects of market volatilities on UBS Fund and Lyxor UCITS 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 Lyxor UCITS. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Fund and Lyxor UCITS.
Diversification Opportunities for UBS Fund and Lyxor UCITS
0.22 | Correlation Coefficient |
Modest diversification
The 3 months correlation between UBS and Lyxor is 0.22. Overlapping area represents the amount of risk that can be diversified away by holding UBS Fund Solutions and Lyxor UCITS EuroMTS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lyxor UCITS EuroMTS 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 Lyxor UCITS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lyxor UCITS EuroMTS has no effect on the direction of UBS Fund i.e., UBS Fund and Lyxor UCITS go up and down completely randomly.
Pair Corralation between UBS Fund and Lyxor UCITS
Assuming the 90 days trading horizon UBS Fund Solutions is expected to generate 11.23 times more return on investment than Lyxor UCITS. However, UBS Fund is 11.23 times more volatile than Lyxor UCITS EuroMTS. It trades about 0.05 of its potential returns per unit of risk. Lyxor UCITS EuroMTS is currently generating about 0.15 per unit of risk. If you would invest 5,074 in UBS Fund Solutions on August 31, 2024 and sell it today you would earn a total of 91.00 from holding UBS Fund Solutions or generate 1.79% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
UBS Fund Solutions vs. Lyxor UCITS EuroMTS
Performance |
| Timeline |
| UBS Fund Solutions |
| Lyxor UCITS EuroMTS |
UBS Fund and Lyxor UCITS Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBS Fund and Lyxor UCITS
The main advantage of trading using opposite UBS Fund and Lyxor UCITS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS Fund position performs unexpectedly, Lyxor UCITS 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 Lyxor UCITS will offset losses from the drop in Lyxor UCITS'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 |
| Lyxor UCITS vs. Lyxor Fed Funds | Lyxor UCITS vs. Lyxor BofAML USD | Lyxor UCITS vs. Lyxor 1 TecDAX | Lyxor UCITS vs. Lyxor TIPS DR |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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