UBS Correlations
FBGX Etf | USD 943.29 0.00 0.00% |
The current 90-days correlation between UBS and Direxion Work From is 0.05 (i.e., Significant diversification). The correlation of UBS 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 Correlation With Market
Good diversification
The correlation between UBS and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS and DJI in the same portfolio, assuming nothing else is changed.
UBS |
Moving together with UBS Etf
0.66 | MTUM | iShares MSCI USA | PairCorr |
0.74 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.74 | T | ATT Inc Aggressive Push | PairCorr |
0.84 | VZ | Verizon Communications Aggressive Push | PairCorr |
0.68 | HD | Home Depot | PairCorr |
0.7 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
0.65 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.76 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against UBS Etf
0.31 | BITS | Global X Blockchain | PairCorr |
0.69 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
0.43 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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UBS Competition Risk-Adjusted Indicators
There is a big difference between UBS Etf performing well and UBS ETF 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'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 | ||
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META | 1.53 | 0.09 | 0.03 | 0.21 | 2.03 | 3.93 | 11.55 | |||
MSFT | 1.00 | (0.16) | 0.00 | (0.07) | 0.00 | 1.83 | 5.77 | |||
UBER | 1.87 | 0.01 | 0.01 | 0.12 | 2.12 | 5.29 | 13.81 | |||
F | 1.72 | (0.29) | 0.00 | (0.09) | 0.00 | 2.84 | 22.50 | |||
T | 0.92 | 0.25 | 0.11 | (6.01) | 1.02 | 2.53 | 7.97 | |||
A | 1.13 | 0.02 | 0.02 | 0.13 | 1.29 | 2.84 | 6.98 | |||
CRM | 1.28 | 0.07 | 0.07 | 0.16 | 1.27 | 2.93 | 7.58 | |||
JPM | 1.06 | (0.03) | (0.01) | 0.08 | 1.64 | 2.05 | 7.98 | |||
MRK | 1.10 | (0.22) | 0.00 | 2.78 | 0.00 | 2.01 | 13.12 | |||
XOM | 1.06 | (0.08) | 0.00 | (0.02) | 0.00 | 1.91 | 5.78 |
UBS Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with UBS etf to make a market-neutral strategy. Peer analysis of UBS could also be used in its relative valuation, which is a method of valuing UBS by comparing valuation metrics with similar companies.
Risk & Return | Correlation |