Ubs Allocation Correlations

PWTAX Fund

USD 54.77 0.01 0.02%

The current 90-days correlation between Ubs Allocation and Ms Global Fixed is 0.15 (i.e., Average diversification). The correlation of Ubs Allocation 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 Allocation Correlation With Market

Significant diversification

The correlation between Ubs Allocation Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubs Allocation Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ubs Allocation Fund. 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 nation.

Moving together with Ubs Mutual Fund

0.9	PEVAX	Pace Smallmedium Value	Pair Corr
0.96	PWTYX	Ubs Allocation	Pair Corr
0.93	PHDTX	Pace High Yield	Pair Corr
0.7	PHDYX	Pace High Yield	Pair Corr
0.84	PHIAX	Pace High Yield	Pair Corr
0.84	PHYPX	Pace High Yield	Pair Corr
0.95	PLAAX	Pace Large Growth	Pair Corr
0.82	PLAYX	Pace Large Growth	Pair Corr
0.86	PLVYX	Pace Large Value	Pair Corr
0.95	BISCX	Ubs Small Cap	Pair Corr
0.77	USDIX	Ubs Ultra Short	Pair Corr
0.77	USIPX	Ubs Ultra Short	Pair Corr
0.76	USIAX	Ubs Ultra Short	Pair Corr
0.96	PQUAX	Pace Smallmedium Growth	Pair Corr
0.91	PAPTX	Pace Alternative Str	Pair Corr
0.9	PASIX	Pace Alternative Str	Pair Corr
0.9	PASPX	Pace Alternative Str	Pair Corr
0.65	PASYX	Pace Alternative Str	Pair Corr

Moving against Ubs Mutual Fund

0.75	PIFYX	Pace Intermediate Fixed	Pair Corr
0.74	PFXYX	Pace Mortgage Backed	Pair Corr
0.73	PWIYX	Pace International Equity	Pair Corr
0.55	PFXAX	Pace Mortgage Backed	Pair Corr
0.49	PWITX	Pace International Equity	Pair Corr
0.47	PIFAX	Pace Intermediate Fixed	Pair Corr
0.74	PSFYX	Pace Strategic Fixed	Pair Corr
0.68	PREAX	Pace Global Real Potential Growth	Pair Corr
0.68	PREQX	Ubs Pace Global	Pair Corr
0.57	UDBPX	Ubs Sustainable Deve	Pair Corr
0.57	UDBTX	Ubs Sustainable Deve	Pair Corr
0.5	UTBAX	Ubs Total Return	Pair Corr
0.5	UTBPX	Ubs Total Return	Pair Corr
0.48	UTBTX	Ubs Multi Income	Pair Corr
0.47	PMUYX	Pace Municipal Fixed	Pair Corr
0.68	PCGLX	Pace International Fixed	Pair Corr
0.54	PCGTX	Pace Mortgage Backed	Pair Corr
0.53	PCIEX	Pace International Equity	Pair Corr
0.51	PBNAX	Pace Strategic Fixed	Pair Corr

Related Correlations Analysis

	MFIRX	APDNX	LOGRX	FBMPX	AUUIX	GMADX
MFIRX		0.37	0.22	0.19	-0.09	0.52	MFIRX
APDNX	0.37		0.9	0.84	0.7	0.16	APDNX
LOGRX	0.22	0.9		0.64	0.82	0.03	LOGRX
FBMPX	0.19	0.84	0.64		0.5	0.03	FBMPX
AUUIX	-0.09	0.7	0.82	0.5		-0.05	AUUIX
GMADX	0.52	0.16	0.03	0.03	-0.05		GMADX
	MFIRX	APDNX	LOGRX	FBMPX	AUUIX	GMADX

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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

LOGRX	+ 0.9	APDNX
FBMPX	+ 0.84	APDNX
AUUIX	+ 0.82	LOGRX
AUUIX	+ 0.7	APDNX
FBMPX	+ 0.64	LOGRX
GMADX	+ 0.52	MFIRX

High negative correlations

AUUIX	- 0.09	MFIRX
GMADX	- 0.05	AUUIX

Risk-Adjusted Indicators

There is a big difference between Ubs Mutual Fund performing well and Ubs Allocation 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 Allocation'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
MFIRX	0.09	0.00	(0.41)	(0.03)	0.04	(0.22)	0.19	(0.19)	0.76
APDNX	0.51	0.08	(0.01)	4.04	0.35	(0.67)	1.24	(0.83)	3.42
LOGRX	0.46	0.02	(0.12)	0.36	0.40	(0.53)	0.86	(0.74)	3.02
FBMPX	0.75	0.31	0.23	(2.92)	0.52	(0.84)	1.74	(1.61)	4.09
AUUIX	0.54	(0.09)	0.00	(0.03)	0.00	0.00	1.01	(0.96)	10.08
GMADX	0.47	0.02	(0.10)	0.28	0.53	(0.51)	0.89	(0.97)	2.98

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