Correlation Between UBS Fund and SPDR Barclays
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By analyzing existing cross correlation between UBS Fund Solutions and SPDR Barclays 3 5, you can compare the effects of market volatilities on UBS Fund and SPDR Barclays 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 SPDR Barclays. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Fund and SPDR Barclays.
Diversification Opportunities for UBS Fund and SPDR Barclays
0.29 | Correlation Coefficient |
Modest diversification
The 3 months correlation between UBS and SPDR is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding UBS Fund Solutions and SPDR Barclays 3 5 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SPDR Barclays 3 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 SPDR Barclays. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SPDR Barclays 3 has no effect on the direction of UBS Fund i.e., UBS Fund and SPDR Barclays go up and down completely randomly.
Pair Corralation between UBS Fund and SPDR Barclays
Assuming the 90 days trading horizon UBS Fund Solutions is expected to generate 2.13 times more return on investment than SPDR Barclays. However, UBS Fund is 2.13 times more volatile than SPDR Barclays 3 5. It trades about 0.05 of its potential returns per unit of risk. SPDR Barclays 3 5 is currently generating about 0.02 per unit of risk. If you would invest 4,099 in UBS Fund Solutions on September 3, 2024 and sell it today you would earn a total of 1,112 from holding UBS Fund Solutions or generate 27.13% 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. SPDR Barclays 3 5
Performance |
| Timeline |
| UBS Fund Solutions |
| SPDR Barclays 3 |
UBS Fund and SPDR Barclays Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBS Fund and SPDR Barclays
The main advantage of trading using opposite UBS Fund and SPDR Barclays positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS Fund position performs unexpectedly, SPDR Barclays 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 SPDR Barclays will offset losses from the drop in SPDR Barclays' 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 |
| SPDR Barclays vs. UBS Fund Solutions | SPDR Barclays vs. Xtrackers II | SPDR Barclays vs. Xtrackers Nikkei 225 | SPDR Barclays 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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