Ubs Global Allocation Fund Market Value
| BPGLX Fund | USD 11.07 0.10 0.91% |
| Symbol | Ubs |
Ubs Global '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 Global'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 Global.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Ubs Global on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Ubs Global Allocation or generate 0.0% return on investment in Ubs Global over 720 days. Ubs Global is related to or competes with Pace Smallmedium, Pace International, Ubs Allocation, Ubs Allocation, Pace Mortgage-backed, Pace Mortgage-backed, and Ubs Emerging. The fund will invest in securities and derivatives to gain exposure to equity, fixed income, and alternative asset class... More
Ubs Global 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 Global'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 Global Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4911 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.07 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.7407 |
Ubs Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ubs Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ubs Global's standard deviation. In reality, there are many statistical measures that can use Ubs Global historical prices to predict the future Ubs Global's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.2649 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ubs Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ubs Global Allocation Backtested Returns
We consider Ubs Global very steady. Ubs Global Allocation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0511, which indicates the fund had a 0.0511% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ubs Global Allocation, which you can use to evaluate the volatility of the fund. Please validate Ubs Global's Coefficient Of Variation of 1468.44, risk adjusted performance of 0.0387, and Semi Deviation of 0.4073 to confirm if the risk estimate we provide is consistent with the expected return of 0.0246%. The entity has a beta of 0.0822, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ubs Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ubs Global is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Ubs Global Allocation has very weak predictability. Overlapping area represents the amount of predictability between Ubs Global time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Global Allocation price movement. The serial correlation of 0.18 indicates that over 18.0% of current Ubs Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Ubs Global Allocation lagged returns against current returns
Autocorrelation, which is Ubs Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Ubs Global returns to help us make a trade decision. For example, suppose you find that Ubs Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ubs Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ubs Global Lagged Returns
When evaluating Ubs Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ubs Global mutual fund have on its future price. Ubs Global 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 Global autocorrelation shows the relationship between Ubs Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ubs Global Allocation.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ubs Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ubs Global's short interest history, or implied volatility extrapolated from Ubs Global options trading.
Pair Trading with Ubs Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ubs Global position performs unexpectedly, the other equity 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 Ubs Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Ubs Mutual Fund
| 0.85 | PEVAX | Pace Smallmedium Value | PairCorr |
| 0.97 | PWIYX | Pace International Equity | PairCorr |
| 0.95 | PWTAX | Ubs Allocation | PairCorr |
| 0.92 | PWTYX | Ubs Allocation | PairCorr |
The ability to find closely correlated positions to Ubs Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ubs Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ubs Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ubs Global Allocation to buy it.
The correlation of Ubs Global 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ubs Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ubs Global Allocation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ubs Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ubs Global Correlation, Ubs Global Volatility and Ubs Global Alpha and Beta module to complement your research on Ubs Global. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Ubs Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.