Ubs Emerging Correlations

Mutual Funds . USA . 
Fund . Ubs Emerging Markets
UEMPX Fund  USD 8.90  0.05  0.56%   
The current 90-days correlation between Ubs Emerging Markets and Pace Smallmedium Value is 0.39 (i.e., Weak 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.
  
Check out World Market Map 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 american community survey.

Moving together with Ubs Mutual Fund

  0.96PEVAX Pace Smallmedium ValuePairCorr
  0.93PWITX Pace International EquityPairCorr
  0.98PWTAX Ubs AllocationPairCorr
  0.98PWTYX Ubs AllocationPairCorr
  1.0EMPTX Ubs Emerging MarketsPairCorr
  0.98PHDTX Pace High YieldPairCorr
  0.98PHIAX Pace High YieldPairCorr
  0.97PHYPX Pace High YieldPairCorr
  0.81PIFAX Pace Intermediate FixedPairCorr
  0.97PLAAX Pace Large GrowthPairCorr
  0.97BISCX Ubs Small CapPairCorr
  0.94USDIX Ubs Ultra ShortPairCorr
  0.94USIPX Ubs Ultra ShortPairCorr
  0.94USIAX Ubs Ultra ShortPairCorr
  0.93PQUAX Pace Smallmedium GrowthPairCorr
  0.88PREAX Pace Global RealPairCorr
  0.86PREQX Ubs Pace GlobalPairCorr
  0.99PASIX Pace Alternative StrPairCorr
  0.98UEIPX Ubs Engage ForPairCorr
  0.83PBNAX Pace Strategic FixedPairCorr
  0.97DVRPX Ubs Dividend RulerPairCorr
  0.98BNGLX Ubs Global AllocationPairCorr
  0.95BNIEX Ubs InternationalPairCorr
  0.97EIPTX Ubs Engage ForPairCorr
  0.95BNUEX Ubs InternationalPairCorr
  0.98PCEMX Pace InternationalPairCorr
  0.97QGRPX Ubs Quality GrowthPairCorr
  0.97PCLVX Pace Large ValuePairCorr
  0.93PCMNX Pace Municipal FixedPairCorr
  0.97PCPAX Pace Large ValuePairCorr
  0.84PCSIX Pace Strategic FixedPairCorr
  0.96PCSVX Pace Smallmedium ValuePairCorr
  0.97BPGLX Ubs Global AllocationPairCorr
  0.99PWEAX Pace InternationalPairCorr
  0.93PWGAX Pace International EquityPairCorr
  0.61PWFAX Pace International FixedPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PEVAX  0.94  0.27  0.11 (1.45) 0.87 
(1.11)
 2.21 
(1.94)
 6.93 
PWITX  0.49  0.15  0.07  0.95  0.30 
(0.58)
 1.03 
(1.02)
 2.66 
PWTAX  0.46  0.18  0.06 (3.02) 0.31 
(0.52)
 1.50 
(0.87)
 3.44 
PWTYX  0.45  0.08  0.04  0.25  0.34 
(0.49)
 1.50 
(0.88)
 3.43 
PFXAX  0.31  0.02 (0.28) 3.06  0.31 
(0.34)
 0.70 
(0.59)
 1.80 
EMPTX  0.58  0.27  0.24  97.38  0.00 
(0.76)
 1.87 
(1.01)
 3.84 
PHDTX  0.13  0.08 (0.26)(1.67) 0.00 
(0.21)
 0.35 
(0.11)
 0.93 
PHIAX  0.13  0.08 (0.29)(2.16) 0.00 
(0.21)
 0.36 
(0.12)
 0.95 
PHYPX  0.13  0.06 (0.30) 0.62  0.00 
(0.20)
 0.36 
(0.23)
 0.83 
PIFAX  0.23  0.03 (0.38)(10.66) 0.08 
(0.29)
 0.49 
(0.39)
 1.17 

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