UBS AG Correlations

UCIB Etf

USD 26.96 0.22 0.82%

The correlation of UBS AG 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.

UBS AG Correlation With Market

Average diversification

The correlation between UBS AG London and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS AG London and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UBS AG London. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with UBS Etf

0.74	PDBC	Invesco Optimum Yield	Pair Corr
0.61	FTGC	First Trust Global	Pair Corr
0.74	DBC	Invesco DB Commodity	Pair Corr
0.68	COMT	iShares GSCI Commodity	Pair Corr
0.68	GSG	iShares SP GSCI	Pair Corr
0.77	DJP	iPath Bloomberg Commodity	Pair Corr
0.77	BCI	abrdn Bloomberg All	Pair Corr
0.76	CMDY	iShares Bloomberg Roll	Pair Corr
0.77	COMB	GraniteShares Bloomberg	Pair Corr
0.81	GCC	WisdomTree Continuous	Pair Corr
0.75	FROG	Jfrog	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.66	IBM	International Business	Pair Corr

Moving against UBS Etf

0.33	HHH	Howard Hughes	Pair Corr
0.64	MRK	Merck Company	Pair Corr
0.39	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	DJCB	SDCI	FAAR	CMDY	BCM
DJCB		0.0	0.0	0.0	0.0	DJCB
SDCI	0.0		0.7	0.98	0.0	SDCI
FAAR	0.0	0.7		0.61	0.0	FAAR
CMDY	0.0	0.98	0.61		0.0	CMDY
BCM	0.0	0.0	0.0	0.0		BCM
	DJCB	SDCI	FAAR	CMDY	BCM

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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

CMDY	+ 0.98	SDCI
FAAR	+ 0.7	SDCI
CMDY	+ 0.61	FAAR
SDCI	+ 0.0	DJCB
FAAR	+ 0.0	DJCB
CMDY	+ 0.0	DJCB

High negative correlations

BCM	- 0.0	CMDY
BCM	- 0.0	FAAR
BCM	- 0.0	SDCI
BCM	- 0.0	DJCB
CMDY	- 0.0	DJCB
FAAR	- 0.0	DJCB

UBS AG Constituents Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS AG ETF 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 AG'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DJCB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SDCI	0.60	0.11	0.25	11.28	0.50	(0.71)	1.28	(1.12)	3.57
FAAR	0.56	0.03	0.13	0.27	0.69	(0.58)	1.25	(1.30)	3.42
CMDY	0.48	0.11	0.31	(9.73)	0.36	(0.52)	1.25	(0.99)	4.02
BCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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