Ubs Global Correlations
| BPGLX Fund | USD 13.84 0.03 0.22% |
The current 90-days correlation between Ubs Global Allocation and Nuveen Wisconsin Municipal is 0.12 (i.e., Average diversification). The correlation of Ubs Global 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 Global Correlation With Market
Average diversification
The correlation between Ubs Global Allocation and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubs Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
Ubs |
Moving together with Ubs Mutual Fund
| 0.71 | PWTAX | Ubs Allocation | PairCorr |
| 0.96 | PWTYX | Ubs Allocation | PairCorr |
| 0.63 | PFXAX | Pace Mortgage Backed | PairCorr |
| 0.9 | EMPTX | Ubs Emerging Markets | PairCorr |
| 0.62 | PIFAX | Pace Intermediate Fixed | PairCorr |
| 0.7 | ESPTX | Ubs International | PairCorr |
| 0.63 | USDIX | Ubs Ultra Short | PairCorr |
| 0.68 | USIPX | Ubs Ultra Short | PairCorr |
| 0.62 | USIAX | Ubs Ultra Short | PairCorr |
| 0.7 | UTBAX | Ubs Total Return | PairCorr |
| 0.63 | UTBTX | Ubs Multi Income | PairCorr |
| 0.95 | PASIX | Pace Alternative Str | PairCorr |
| 0.85 | PASPX | Pace Alternative Str | PairCorr |
| 1.0 | BNGLX | Ubs Global Allocation | PairCorr |
| 0.69 | BNIEX | Ubs International | PairCorr |
| 0.62 | BNUEX | Ubs International | PairCorr |
| 0.77 | PCIEX | Pace International Equity | PairCorr |
| 0.66 | QGRPX | Ubs Quality Growth | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Ubs Mutual Fund performing well and Ubs Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FWCCX | 0.12 | 0.05 | (0.16) | 7.71 | 0.00 | 0.41 | 0.95 | |||
| JAFLX | 0.15 | 0.02 | (0.27) | 1.20 | 0.00 | 0.30 | 0.99 | |||
| MSTBX | 0.08 | 0.01 | (0.53) | 0.42 | 0.00 | 0.20 | 0.41 | |||
| MIIIX | 0.18 | 0.02 | (0.26) | (5.43) | 0.06 | 0.42 | 1.05 | |||
| GHVIX | 0.14 | 0.02 | (0.30) | 0.61 | 0.00 | 0.28 | 0.78 | |||
| TBGAX | 0.13 | 0.00 | (0.15) | 0.00 | 0.00 | 0.38 | 1.04 | |||
| VBIPX | 0.10 | 0.00 | (0.59) | 0.00 | 0.00 | 0.20 | 0.58 | |||
| TIMTX | 0.10 | 0.04 | (0.29) | 1.89 | 0.00 | 0.28 | 0.67 |