UBS 100 (Switzerland) Volatility

0P00013BS3   143.88  0.00  0.00%   
UBS 100 Index owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0895, which indicates the fund had a -0.0895% return per unit of standard deviation over the last 3 months. UBS 100 Index Fund exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UBS 100's Market Risk Adjusted Performance of 0.33, risk adjusted performance of (0.08), and Standard Deviation of 0.6539 to confirm the risk estimate we provide.
  
UBS 100 Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of UBS daily returns, and it is calculated using variance and standard deviation. We also use UBS's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of UBS 100 volatility.
Downward market volatility can be a perfect environment for investors who play the long game with UBS 100. They may decide to buy additional shares of UBS 100 at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.

Moving against UBS Fund

  0.660P0000YXR4 CSIF III EquityPairCorr

UBS 100 Market Sensitivity And Downside Risk

UBS 100's beta coefficient measures the volatility of UBS fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents UBS fund's returns against your selected market. In other words, UBS 100's beta of -0.24 provides an investor with an approximation of how much risk UBS 100 fund can potentially add to one of your existing portfolios. UBS 100 Index Fund exhibits very low volatility with skewness of -0.41 and kurtosis of 0.21. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure UBS 100's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact UBS 100's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze UBS 100 Index Demand Trend
Check current 90 days UBS 100 correlation with market (Dow Jones Industrial)

UBS Beta

    
  -0.24  
UBS standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.67  
It is essential to understand the difference between upside risk (as represented by UBS 100's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of UBS 100's daily returns or price. Since the actual investment returns on holding a position in ubs fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in UBS 100.

UBS 100 Index Fund Volatility Analysis

Volatility refers to the frequency at which UBS 100 fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with UBS 100's price changes. Investors will then calculate the volatility of UBS 100's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of UBS 100's volatility:

Historical Volatility

This type of fund volatility measures UBS 100's fluctuations based on previous trends. It's commonly used to predict UBS 100's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for UBS 100's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on UBS 100's to be redeemed at a future date.
Transformation
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UBS 100 Projected Return Density Against Market

Assuming the 90 days trading horizon UBS 100 Index Fund has a beta of -0.2379 . This suggests as returns on the benchmark increase, returns on holding UBS 100 are expected to decrease at a much lower rate. During a bear market, however, UBS 100 Index Fund is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to UBS 100 or UBS sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that UBS 100's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a UBS fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
UBS 100 Index Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Predicted Return Density   
       Returns  
UBS 100's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how ubs fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives an UBS 100 Price Volatility?

Several factors can influence a fund's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

UBS 100 Fund Risk Measures

Assuming the 90 days trading horizon the coefficient of variation of UBS 100 is -1117.27. The daily returns are distributed with a variance of 0.45 and standard deviation of 0.67. The mean deviation of UBS 100 Index Fund is currently at 0.51. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81
α
Alpha over Dow Jones
-0.08
β
Beta against Dow Jones-0.24
σ
Overall volatility
0.67
Ir
Information ratio -0.12

UBS 100 Fund Return Volatility

UBS 100 historical daily return volatility represents how much of UBS 100 fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund accepts 0.6689% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8133% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

UBS 100 Investment Opportunity

Dow Jones Industrial has a standard deviation of returns of 0.81 and is 1.21 times more volatile than UBS 100 Index Fund. 5 percent of all equities and portfolios are less risky than UBS 100. You can use UBS 100 Index Fund to protect your portfolios against small market fluctuations. The fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of UBS 100 to be traded at 142.44 in 90 days.

Very good diversification

The correlation between UBS 100 Index Fund and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS 100 Index Fund and DJI in the same portfolio, assuming nothing else is changed.

UBS 100 Additional Risk Indicators

The analysis of UBS 100's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in UBS 100's investment and either accepting that risk or mitigating it. Along with some common measures of UBS 100 fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

UBS 100 Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against UBS 100 as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. UBS 100's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, UBS 100's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to UBS 100 Index Fund.
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