UBS PF Correlations

Funds . Switzerland . 
Fund . UBS PF Swiss
SIMA Fund  CHF 153.00  1.00  0.66%   
The current 90-days correlation between UBS PF Swiss and UBS Vitainvest is -0.1 (i.e., Good diversification). The correlation of UBS PF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

UBS PF Correlation With Market

UBSDowDiversified AwayUBSDowDiversified Away100%

Good diversification

The correlation between UBS PF Swiss and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS PF Swiss and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to UBS PF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UBS PF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UBS PF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UBS PF Swiss to buy it.

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
0P00019WES
+ 0.93
0P0000IOZ4
0P00014F7Y
+ 0.84
0P0000NRCC
DUPF
+ 0.82
0P00014F7Y
DRPF
+ 0.8
DUPF
DRPF
+ 0.76
0P00014F7Y
0P0000VBPH
+ 0.76
0P0000IOZ4
  
High negative correlations   
SIMA
- 0.3
0P0000NRCC
SIMA
- 0.07
0P00014F7Y
0P0000VBPH
- 0.04
SIMA
SIMA
- 0.02
0P0000IOZ4

Risk-Adjusted Indicators

There is a big difference between UBS Fund performing well and UBS PF Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze UBS PF's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in UBS PF without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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