UBS Correlations

FBGX Etf

USD 943.29 0.00 0.00%

The current 90-days correlation between UBS and HUMANA INC is 0.01 (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 -0.06 (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.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with UBS Etf

0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.77	T	ATT Inc Sell-off Trend	Pair Corr
0.78	WMT	Walmart	Pair Corr
0.76	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.61	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.69	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.77	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against UBS Etf

0.73	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	BITO	ProShares Bitcoin Aggressive Push	Pair Corr
0.58	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.4	HPQ	HP Inc Fiscal Year End 19th of November 2024	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.11	0.72	-0.25	0.44	0.17	0.42	0.14	-0.25	-0.02	META
MSFT	0.11		0.3	0.77	-0.41	-0.72	0.14	-0.31	0.82	-0.47	MSFT
UBER	0.72	0.3		0.17	0.24	0.05	0.43	0.33	0.1	-0.02	UBER
F	-0.25	0.77	0.17		-0.47	-0.63	0.02	-0.02	0.76	-0.25	F
T	0.44	-0.41	0.24	-0.47		0.57	0.14	0.32	-0.56	0.02	T
A	0.17	-0.72	0.05	-0.63	0.57		0.24	0.51	-0.68	0.53	A
CRM	0.42	0.14	0.43	0.02	0.14	0.24		0.53	-0.17	0.41	CRM
JPM	0.14	-0.31	0.33	-0.02	0.32	0.51	0.53		-0.36	0.5	JPM
MRK	-0.25	0.82	0.1	0.76	-0.56	-0.68	-0.17	-0.36		-0.43	MRK
XOM	-0.02	-0.47	-0.02	-0.25	0.02	0.53	0.41	0.5	-0.43		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MRK	+ 0.82	MSFT
F	+ 0.77	MSFT
MRK	+ 0.76	F
UBER	+ 0.72	META
A	+ 0.57	T
XOM	+ 0.53	A

High negative correlations

A	- 0.72	MSFT
MRK	- 0.68	A
A	- 0.63	F
MRK	- 0.56	T
T	- 0.47	F
XOM	- 0.47	MSFT

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
META	1.57	0.11	0.04	0.24	2.00	(1.56)	3.93	(3.21)	11.55
MSFT	1.01	(0.14)	0.00	(0.05)	0.00	0.00	1.83	(2.45)	5.77
UBER	1.82	0.00	0.01	0.10	2.15	(2.12)	5.29	(3.33)	13.81
F	1.68	(0.23)	0.00	(0.05)	0.00	0.00	3.21	(3.24)	22.50
T	0.95	0.29	0.14	(7.36)	0.98	(1.08)	2.53	(2.20)	7.97
A	1.04	(0.02)	(0.02)	0.08	1.32	(1.01)	2.69	(2.08)	6.98
CRM	1.28	0.01	0.03	0.12	1.35	(1.39)	2.93	(2.21)	7.58
JPM	1.09	(0.02)	0.00	0.09	1.67	(0.98)	2.05	(2.38)	7.98
MRK	1.10	(0.15)	0.00	3.37	0.00	0.00	2.01	(2.09)	13.12
XOM	1.06	0.02	(0.01)	0.13	1.28	(1.09)	2.10	(2.09)	6.61

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.

HUMANA INC Aquagold International Barloworld Ltd ADR Morningstar Unconstrained Allocation Thrivent High Yield Sparta Capital Via Renewables FT Cboe Vest American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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