Correlation Between UBS 100 and UBS Property
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By analyzing existing cross correlation between UBS 100 Index Fund and UBS Property, you can compare the effects of market volatilities on UBS 100 and UBS Property 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 Property. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS 100 and UBS Property.
Diversification Opportunities for UBS 100 and UBS Property
-0.66 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between UBS and UBS is -0.66. Overlapping area represents the amount of risk that can be diversified away by holding UBS 100 Index Fund and UBS Property in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UBS Property 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 Property. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UBS Property has no effect on the direction of UBS 100 i.e., UBS 100 and UBS Property go up and down completely randomly.
Pair Corralation between UBS 100 and UBS Property
Assuming the 90 days trading horizon UBS 100 Index Fund is expected to under-perform the UBS Property. But the fund apears to be less risky and, when comparing its historical volatility, UBS 100 Index Fund is 1.6 times less risky than UBS Property. The fund trades about -0.14 of its potential returns per unit of risk. The UBS Property is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 7,100 in UBS Property on October 7, 2024 and sell it today you would earn a total of 110.00 from holding UBS Property or generate 1.55% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Weak |
Accuracy | 93.75% |
Values | Daily Returns |
UBS 100 Index Fund vs. UBS Property
Performance |
Timeline |
UBS 100 Index |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
UBS Property |
UBS 100 and UBS Property Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with UBS 100 and UBS Property
The main advantage of trading using opposite UBS 100 and UBS Property positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS 100 position performs unexpectedly, UBS Property 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 Property will offset losses from the drop in UBS Property'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 |
UBS Property vs. Procimmo Real Estate | UBS Property vs. SPDR Dow Jones | UBS Property vs. Baloise Holding AG | UBS Property 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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