Correlation Between UBS 100 and UBS Money
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By analyzing existing cross correlation between UBS 100 Index Fund and UBS Money Market, you can compare the effects of market volatilities on UBS 100 and UBS Money 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 100 with a short position of UBS Money. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS 100 and UBS Money.
Diversification Opportunities for UBS 100 and UBS Money
Pay attention - limited upside
The 3 months correlation between UBS and UBS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding UBS 100 Index Fund and UBS Money Market in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UBS Money Market and UBS 100 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 100 Index Fund are associated (or correlated) with UBS Money. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UBS Money Market has no effect on the direction of UBS 100 i.e., UBS 100 and UBS Money go up and down completely randomly.
Pair Corralation between UBS 100 and UBS Money
If you would invest (100.00) in UBS Money Market on October 7, 2024 and sell it today you would earn a total of 100.00 from holding UBS Money Market or generate -100.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
UBS 100 Index Fund vs. UBS Money Market
Performance |
Timeline |
UBS 100 Index |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
UBS Money Market |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
UBS 100 and UBS Money Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with UBS 100 and UBS Money
The main advantage of trading using opposite UBS 100 and UBS Money positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS 100 position performs unexpectedly, UBS Money 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 UBS Money will offset losses from the drop in UBS Money's long position.UBS 100 vs. Procimmo Real Estate | UBS 100 vs. SPDR Dow Jones | UBS 100 vs. Baloise Holding AG | UBS 100 vs. Autoneum Holding AG |
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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