Ubs Total Correlations

UTBAX Fund

USD 13.36 0.02 0.15%

The current 90-days correlation between Ubs Total Return and Guidemark Large Cap is 0.14 (i.e., Average diversification). The correlation of Ubs Total 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 Total Correlation With Market

Modest diversification

The correlation between Ubs Total Return and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubs Total Return 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 Total Return. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Ubs Mutual Fund

0.97	PONAX	Pimco Income	Pair Corr
0.97	PONCX	Pimco Income	Pair Corr
0.97	PIPNX	Pimco Income	Pair Corr
0.98	PONRX	Pimco Income	Pair Corr
0.97	PONPX	Pimco Incme Fund	Pair Corr
0.97	PIINX	Pimco Income	Pair Corr
0.85	PIMIX	Pimco Income	Pair Corr
0.75	LBNDX	Lord Abbett Bond	Pair Corr
0.75	FSTAX	Fidelity Advisor Str	Pair Corr
0.75	FSRIX	Fidelity Advisor Str	Pair Corr
0.7	PFN	Pimco Income Strategy	Pair Corr
0.64	NXJ	Nuveen New Jersey	Pair Corr
0.77	XPPRX	Voya Prime Rate	Pair Corr
0.87	PCF	Putnam High Income	Pair Corr
0.64	UTF	Cohen And Steers	Pair Corr
0.66	HTD	John Hancock Tax	Pair Corr
0.81	KO	Coca Cola	Pair Corr
0.86	VZ	Verizon Communications	Pair Corr
0.73	MCD	McDonalds	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.78	PG	Procter Gamble	Pair Corr
0.71	IBM	International Business	Pair Corr

Moving against Ubs Mutual Fund

0.66	AA	Alcoa Corp	Pair Corr
0.54	CAT	Caterpillar	Pair Corr
0.45	MRK	Merck Company	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	GMLVX	BXFIX	DBIWX	SMYIX	LMLRX	GARGX	TADGX
GMLVX		0.38	0.79	0.21	0.56	0.66	0.51	GMLVX
BXFIX	0.38		0.73	0.21	0.54	0.61	0.64	BXFIX
DBIWX	0.79	0.73		0.29	0.74	0.83	0.76	DBIWX
SMYIX	0.21	0.21	0.29		0.83	0.51	0.77	SMYIX
LMLRX	0.56	0.54	0.74	0.83		0.84	0.96	LMLRX
GARGX	0.66	0.61	0.83	0.51	0.84		0.84	GARGX
TADGX	0.51	0.64	0.76	0.77	0.96	0.84		TADGX
	GMLVX	BXFIX	DBIWX	SMYIX	LMLRX	GARGX	TADGX

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Risk-Adjusted Indicators

There is a big difference between Ubs Mutual Fund performing well and Ubs Total Mutual 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 Total'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
GMLVX	0.71	0.04	0.08	0.03	0.91	(0.77)	1.57	(1.62)	5.51
BXFIX	0.08	(0.01)	0.42	(0.32)	0.06	(0.28)	0.23	(0.12)	0.93
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77
SMYIX	0.82	(0.04)	0.00	(0.11)	0.00	0.00	1.25	(1.72)	4.51
LMLRX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.61	(0.69)	2.17
GARGX	0.79	0.01	0.00	(0.06)	0.00	0.00	1.37	(1.79)	4.42
TADGX	0.62	0.02	0.00	(0.04)	0.00	0.00	1.06	(1.42)	3.18

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