Correlation Between UBS PF and UBS Vitainvest
Specify exactly 2 symbols:
By analyzing existing cross correlation between UBS PF Swiss and UBS Vitainvest , you can compare the effects of market volatilities on UBS PF and UBS Vitainvest 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 PF with a short position of UBS Vitainvest. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS PF and UBS Vitainvest.
Diversification Opportunities for UBS PF and UBS Vitainvest
-0.12 | Correlation Coefficient |
Good diversification
The 3 months correlation between UBS and UBS is -0.12. Overlapping area represents the amount of risk that can be diversified away by holding UBS PF Swiss and UBS Vitainvest in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UBS Vitainvest and UBS PF 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 PF Swiss are associated (or correlated) with UBS Vitainvest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UBS Vitainvest has no effect on the direction of UBS PF i.e., UBS PF and UBS Vitainvest go up and down completely randomly.
Pair Corralation between UBS PF and UBS Vitainvest
Assuming the 90 days trading horizon UBS PF Swiss is expected to generate 4.05 times more return on investment than UBS Vitainvest. However, UBS PF is 4.05 times more volatile than UBS Vitainvest . It trades about 0.02 of its potential returns per unit of risk. UBS Vitainvest is currently generating about -0.24 per unit of risk. If you would invest 15,500 in UBS PF Swiss on October 7, 2024 and sell it today you would earn a total of 60.00 from holding UBS PF Swiss or generate 0.39% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 93.75% |
Values | Daily Returns |
UBS PF Swiss vs. UBS Vitainvest
Performance |
Timeline |
UBS PF Swiss |
UBS Vitainvest |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
UBS PF and UBS Vitainvest Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with UBS PF and UBS Vitainvest
The main advantage of trading using opposite UBS PF and UBS Vitainvest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS PF position performs unexpectedly, UBS Vitainvest 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 Vitainvest will offset losses from the drop in UBS Vitainvest's long position.UBS PF vs. Procimmo Real Estate | UBS PF vs. SPDR Dow Jones | UBS PF vs. Baloise Holding AG | UBS PF vs. Autoneum Holding AG |
UBS Vitainvest vs. Procimmo Real Estate | UBS Vitainvest vs. SPDR Dow Jones | UBS Vitainvest vs. Baloise Holding AG | UBS Vitainvest 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Complementary Tools
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |