Ubs Emerging Correlations

Mutual Funds . USA . 
Fund . Ubs Emerging Markets
EMPTX Fund  USD 8.97  0.02  0.22%   
The current 90-days correlation between Ubs Emerging Markets and Rbc Emerging Markets is 0.17 (i.e., Average diversification). The correlation of Ubs Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Ubs Emerging Markets and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubs Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ubs Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Ubs Mutual Fund

  0.98PWTAX Ubs AllocationPairCorr
  0.98PWTYX Ubs AllocationPairCorr
  0.97PHIAX Pace High YieldPairCorr
  0.84PHYPX Pace High YieldPairCorr
  0.76PIFAX Pace Intermediate FixedPairCorr
  0.64PLAAX Pace Large GrowthPairCorr
  0.97BISCX Ubs Small CapPairCorr
  0.83USDIX Ubs Ultra ShortPairCorr
  0.93USIPX Ubs Ultra ShortPairCorr
  0.94USIAX Ubs Ultra ShortPairCorr
  0.79PQUAX Pace Smallmedium GrowthPairCorr
  0.63PREQX Ubs Pace GlobalPairCorr
  0.98PASIX Pace Alternative StrPairCorr
  0.97UEIPX Ubs Engage ForPairCorr
  0.71DVRPX Ubs Dividend RulerPairCorr
  0.98BNGLX Ubs Global AllocationPairCorr
  0.92BNUEX Ubs InternationalPairCorr
  0.61PCEMX Pace InternationalPairCorr
  0.84QGRPX Ubs Quality GrowthPairCorr
  0.66PCLVX Pace Large ValuePairCorr
  0.66PCPAX Pace Large ValuePairCorr
  0.64BPGLX Ubs Global AllocationPairCorr
  0.99PWEAX Pace InternationalPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ubs Mutual Fund performing well and Ubs Emerging Mutual Fund 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 Emerging'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.

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