Ubs Pace Global Fund Market Value
| PREQX Fund | USD 6.24 0.02 0.32% |
| Symbol | Ubs |
Ubs Pace 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ubs Pace's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ubs Pace.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Ubs Pace on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ubs Pace Global or generate 0.0% return on investment in Ubs Pace over 30 days. Ubs Pace is related to or competes with Pace Smallmedium, Pace International, Pace International, Ubs Allocation, Ubs Allocation, Pace Mortgage, and Pace Mortgage. The fund primarily invests in real estate investment trusts and other real-estate related securities More
Ubs Pace Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ubs Pace's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ubs Pace Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.15 |
Ubs Pace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ubs Pace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ubs Pace's standard deviation. In reality, there are many statistical measures that can use Ubs Pace historical prices to predict the future Ubs Pace's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.98) |
Ubs Pace Global Backtested Returns
Ubs Pace Global owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the fund had a -0.22% return per unit of risk over the last 3 months. Ubs Pace Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ubs Pace's Variance of 0.7908, coefficient of variation of (452.87), and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ubs Pace's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ubs Pace is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Ubs Pace Global has good predictability. Overlapping area represents the amount of predictability between Ubs Pace time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ubs Pace Global price movement. The serial correlation of 0.76 indicates that around 76.0% of current Ubs Pace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ubs Pace Global lagged returns against current returns
Autocorrelation, which is Ubs Pace mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ubs Pace's mutual fund expected returns. We can calculate the autocorrelation of Ubs Pace returns to help us make a trade decision. For example, suppose you find that Ubs Pace has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ubs Pace regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ubs Pace mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ubs Pace mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ubs Pace mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ubs Pace Lagged Returns
When evaluating Ubs Pace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ubs Pace mutual fund have on its future price. Ubs Pace autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ubs Pace autocorrelation shows the relationship between Ubs Pace mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ubs Pace Global.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ubs Mutual Fund
Ubs Pace financial ratios help investors to determine whether Ubs Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ubs with respect to the benefits of owning Ubs Pace security.
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