UBS ETRACS Correlations

WTID Etf

USD 16.81 0.31 1.88%

The current 90-days correlation between UBS ETRACS and Ultimus Managers Trust is -0.61 (i.e., Excellent diversification). The correlation of UBS ETRACS 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.

UBS ETRACS Correlation With Market

Very good diversification

The correlation between UBS ETRACS and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS ETRACS and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UBS ETRACS . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with UBS Etf

0.84

SCO

ProShares UltraShort

Pair Corr

Moving against UBS Etf

0.82	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.61	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.42	HPQ	HP Inc Earnings Call This Week	Pair Corr
0.34	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.33	INTC	Intel Aggressive Push	Pair Corr
0.31	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	MDST	MGNR	MISL	DPST	DRIP	DRLL	MLPX	MLPR	MLPA
MDST		0.79	0.89	0.83	-0.39	0.5	0.98	0.68	0.82	MDST
MGNR	0.79		0.85	0.6	-0.48	0.58	0.8	0.56	0.67	MGNR
MISL	0.89	0.85		0.76	-0.41	0.52	0.91	0.66	0.74	MISL
DPST	0.83	0.6	0.76		-0.37	0.4	0.84	0.5	0.63	DPST
DRIP	-0.39	-0.48	-0.41	-0.37		-0.97	-0.38	-0.25	-0.36	DRIP
DRLL	0.5	0.58	0.52	0.4	-0.97		0.49	0.31	0.43	DRLL
MLPX	0.98	0.8	0.91	0.84	-0.38	0.49		0.6	0.75	MLPX
MLPR	0.68	0.56	0.66	0.5	-0.25	0.31	0.6		0.92	MLPR
MLPA	0.82	0.67	0.74	0.63	-0.36	0.43	0.75	0.92		MLPA
	MDST	MGNR	MISL	DPST	DRIP	DRLL	MLPX	MLPR	MLPA

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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

MLPX	+ 0.98	MDST
MLPA	+ 0.92	MLPR
MLPX	+ 0.91	MISL
MISL	+ 0.89	MDST
MISL	+ 0.85	MGNR
MLPX	+ 0.84	DPST

High negative correlations

DRLL	- 0.97	DRIP
DRIP	- 0.48	MGNR
DRIP	- 0.41	MISL
DRIP	- 0.39	MDST
MLPX	- 0.38	DRIP
DRIP	- 0.37	DPST

UBS ETRACS Constituents Risk-Adjusted Indicators

There is a big difference between UBS Etf performing well and UBS ETRACS 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 ETRACS'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
MDST	0.69	0.06	0.01	0.26	0.56	(0.74)	1.35	(1.41)	4.07
MGNR	1.04	0.01	0.00	0.17	1.27	(1.12)	2.34	(2.00)	7.43
MISL	0.76	0.02	0.02	0.18	0.86	(0.86)	1.87	(1.67)	4.67
DPST	4.32	0.07	0.21	0.17	4.10	(4.93)	9.32	(5.98)	51.17
DRIP	2.42	0.27	0.00	0.03	0.00	0.00	5.42	(4.28)	18.28
DRLL	0.94	(0.09)	(0.08)	0.04	1.41	(0.86)	1.86	(2.67)	5.64
MLPX	0.73	0.17	0.13	0.43	0.52	(0.87)	1.59	(1.14)	3.46
MLPR	1.03	0.00	0.00	0.16	1.23	(1.11)	3.02	(1.79)	9.64
MLPA	0.60	0.01	(0.12)	0.19	0.51	(0.67)	1.45	(0.92)	4.14

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