Correlation Between UBS Fund and LG Gerd
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By analyzing existing cross correlation between UBS Fund Solutions and LG Gerd Kommer, you can compare the effects of market volatilities on UBS Fund and LG Gerd and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in UBS Fund with a short position of LG Gerd. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBS Fund and LG Gerd.
Diversification Opportunities for UBS Fund and LG Gerd
Poor diversification
The 3 months correlation between UBS and GERD is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding UBS Fund Solutions and LG Gerd Kommer in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LG Gerd Kommer and UBS Fund is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on UBS Fund Solutions are associated (or correlated) with LG Gerd. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LG Gerd Kommer has no effect on the direction of UBS Fund i.e., UBS Fund and LG Gerd go up and down completely randomly.
Pair Corralation between UBS Fund and LG Gerd
Assuming the 90 days trading horizon UBS Fund Solutions is expected to under-perform the LG Gerd. In addition to that, UBS Fund is 1.39 times more volatile than LG Gerd Kommer. It trades about -0.01 of its total potential returns per unit of risk. LG Gerd Kommer is currently generating about 0.11 per unit of volatility. If you would invest 1,129 in LG Gerd Kommer on September 26, 2024 and sell it today you would earn a total of 52.00 from holding LG Gerd Kommer or generate 4.61% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Significant |
Accuracy | 100.0% |
Values | Daily Returns |
UBS Fund Solutions vs. LG Gerd Kommer
Performance |
Timeline |
UBS Fund Solutions |
LG Gerd Kommer |
UBS Fund and LG Gerd Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with UBS Fund and LG Gerd
The main advantage of trading using opposite UBS Fund and LG Gerd positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBS Fund position performs unexpectedly, LG Gerd can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LG Gerd will offset losses from the drop in LG Gerd's long position.UBS Fund vs. Xtrackers II | UBS Fund vs. Xtrackers Nikkei 225 | UBS Fund vs. iShares VII PLC | UBS Fund vs. SPDR Gold Shares |
LG Gerd vs. UBS Fund Solutions | LG Gerd vs. Xtrackers II | LG Gerd vs. Xtrackers Nikkei 225 | LG Gerd vs. iShares VII PLC |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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