Ubs Us Correlations
QGRPX Fund | USD 18.82 0.11 0.58% |
The current 90-days correlation between Ubs Quality Growth and Global Resources Fund is -0.11 (i.e., Good diversification). The correlation of Ubs Us 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 Us Correlation With Market
Very poor diversification
The correlation between Ubs Quality Growth and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubs Quality Growth and DJI in the same portfolio, assuming nothing else is changed.
Ubs |
Moving together with Ubs Mutual Fund
0.95 | PEVAX | Pace Smallmedium Value | PairCorr |
0.94 | PWITX | Pace International Equity | PairCorr |
1.0 | PWTYX | Ubs Allocation | PairCorr |
0.99 | PHDTX | Pace High Yield | PairCorr |
0.98 | PLAAX | Pace Large Growth | PairCorr |
0.95 | USIAX | Ubs Ultra Short | PairCorr |
0.87 | PREAX | Pace Global Real | PairCorr |
0.82 | PBNAX | Pace Strategic Fixed | PairCorr |
0.99 | PCEMX | Pace International | PairCorr |
0.9 | PCMNX | Pace Municipal Fixed | PairCorr |
0.97 | PCPAX | Pace Large Value | PairCorr |
0.96 | PCSVX | Pace Smallmedium Value | PairCorr |
1.0 | FAFGX | American Funds | PairCorr |
1.0 | FFAFX | American Funds | PairCorr |
1.0 | GFACX | Growth Fund | PairCorr |
0.99 | GFAFX | Growth Fund | PairCorr |
0.99 | AGTHX | Growth Fund | PairCorr |
1.0 | CGFFX | Growth Fund | PairCorr |
0.99 | CGFCX | Growth Fund | PairCorr |
1.0 | CGFAX | Growth Fund | PairCorr |
0.99 | CGFEX | Growth Fund | PairCorr |
1.0 | RGAEX | Growth Fund | PairCorr |
0.76 | GAAKX | Gmo Alternative Allo | PairCorr |
0.74 | GAAGX | Gmo Alternative Allo | PairCorr |
0.67 | GPBFX | Gmo E Plus | PairCorr |
0.98 | TILCX | T Rowe Price | PairCorr |
0.95 | KAMCX | Kensington Managed Income | PairCorr |
1.0 | VFINX | Vanguard 500 Index | PairCorr |
0.98 | NBPIX | Neuberger Berman Large | PairCorr |
0.93 | STMUX | Invesco Short Term | PairCorr |
1.0 | FLCNX | Fidelity Contrafund | PairCorr |
0.77 | PGCAX | Investment Grade Porate | PairCorr |
1.0 | FAHYX | Fidelity Advisor High | PairCorr |
0.96 | FTZFX | Fuller Thaler Behavioral | PairCorr |
Moving against Ubs Mutual Fund
Related Correlations Analysis
0.92 | 0.94 | 0.93 | 0.96 | 0.95 | PSPFX | ||
0.92 | 0.95 | 0.96 | 0.99 | 0.94 | DNLAX | ||
0.94 | 0.95 | 0.99 | 0.95 | 0.91 | ALTEX | ||
0.93 | 0.96 | 0.99 | 0.95 | 0.91 | CAEIX | ||
0.96 | 0.99 | 0.95 | 0.95 | 0.96 | IGNAX | ||
0.95 | 0.94 | 0.91 | 0.91 | 0.96 | PDX | ||
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Risk-Adjusted Indicators
There is a big difference between Ubs Mutual Fund performing well and Ubs Us 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 Us' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PSPFX | 0.67 | 0.27 | 0.12 | (3.03) | 0.16 | 1.84 | 3.42 | |||
DNLAX | 0.92 | 0.30 | 0.12 | (2.51) | 0.63 | 2.34 | 4.94 | |||
ALTEX | 1.16 | 0.37 | 0.27 | 0.60 | 0.80 | 2.69 | 7.39 | |||
CAEIX | 0.65 | 0.25 | 0.20 | 0.58 | 0.27 | 1.70 | 4.46 | |||
IGNAX | 0.74 | 0.26 | 0.11 | (1.96) | 0.31 | 1.88 | 3.09 | |||
PDX | 0.84 | 0.25 | 0.12 | 1.43 | 0.61 | 2.60 | 5.84 |