Ubs Emerging Correlations

EMPTX Fund

USD 7.77 0.06 0.77%

The current 90-days correlation between Ubs Emerging Markets and Bbh Partner Fund is 0.53 (i.e., Very 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.

Ubs Emerging Correlation With Market

Average diversification

The correlation between Ubs Emerging Markets 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 Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities 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 estimate.

Moving together with Ubs Mutual Fund

0.61	PHYPX	Pace High Yield	Pair Corr
0.61	PASYX	Pace Alternative Str	Pair Corr
0.64	UEIPX	Ubs Engage For	Pair Corr
1.0	UEMPX	Ubs Emerging Markets	Pair Corr
0.62	BNGLX	Ubs Global Allocation	Pair Corr

Related Correlations Analysis

	BBHLX	NQQQX	CNGLX	OPTCX	SMPIX	VOLMX	AUERX
BBHLX		-0.04	0.59	-0.2	0.05	-0.19	0.39	BBHLX
NQQQX	-0.04		0.42	0.95	0.9	0.96	0.76	NQQQX
CNGLX	0.59	0.42		0.34	0.34	0.4	0.76	CNGLX
OPTCX	-0.2	0.95	0.34		0.75	0.97	0.72	OPTCX
SMPIX	0.05	0.9	0.34	0.75		0.8	0.66	SMPIX
VOLMX	-0.19	0.96	0.4	0.97	0.8		0.7	VOLMX
AUERX	0.39	0.76	0.76	0.72	0.66	0.7		AUERX
	BBHLX	NQQQX	CNGLX	OPTCX	SMPIX	VOLMX	AUERX

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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

VOLMX	+ 0.97	OPTCX
VOLMX	+ 0.96	NQQQX
OPTCX	+ 0.95	NQQQX
SMPIX	+ 0.9	NQQQX
VOLMX	+ 0.8	SMPIX
AUERX	+ 0.76	NQQQX

High negative correlations

OPTCX	- 0.2	BBHLX
VOLMX	- 0.19	BBHLX
NQQQX	- 0.04	BBHLX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBHLX	0.64	(0.10)	0.00	(0.06)	0.00	0.00	1.41	(1.28)	3.65
NQQQX	0.77	(0.03)	(0.02)	0.09	1.11	(0.75)	1.55	(2.40)	5.13
CNGLX	0.54	(0.10)	(0.15)	(0.01)	0.77	(0.52)	1.04	(1.18)	3.68
OPTCX	0.15	0.02	(0.40)	0.20	0.00	(0.22)	0.32	(0.21)	1.04
SMPIX	2.66	(0.22)	(0.02)	0.01	4.13	(2.40)	4.26	(6.39)	17.06
VOLMX	0.61	0.00	0.00	0.12	0.59	(0.71)	1.14	(1.35)	4.49
AUERX	0.74	(0.09)	(0.08)	0.03	0.98	(0.77)	1.62	(1.45)	4.29

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