Matthew Downs - UBS ETRACS Insider
Stakeholder Matthew Downs is not found or was disassociated from the entity UBS ETRACS
If you believe Matthew Downs is a valid insider of UBS ETRACS please let us know and we will check it out.
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Pair Trading with UBS ETRACS
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 ETRACS 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 ETRACS will appreciate offsetting losses from the drop in the long position's value.Moving together with UBS Etf
| 0.78 | AGQ | ProShares Ultra Silver Upward Rally | PairCorr |
| 0.82 | UGL | ProShares Ultra Gold | PairCorr |
| 0.83 | DGP | DB Gold Double | PairCorr |
| 0.8 | GDXU | MicroSectors Gold Miners Upward Rally | PairCorr |
Moving against UBS Etf
| 0.98 | WTID | UBS ETRACS | PairCorr |
| 0.44 | UGAZF | VelocityShares 3x Long | PairCorr |
The ability to find closely correlated positions to UBS ETRACS 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 ETRACS 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 ETRACS - 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 ETRACS to buy it.
The correlation of UBS ETRACS 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 ETRACS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UBS ETRACS 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 ETRACS 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UBS ETRACS . Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
The market value of UBS ETRACS is measured differently than its book value, which is the value of UBS that is recorded on the company's balance sheet. Investors also form their own opinion of UBS ETRACS's value that differs from its market value or its book value, called intrinsic value, which is UBS ETRACS's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UBS ETRACS's market value can be influenced by many factors that don't directly affect UBS ETRACS's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between UBS ETRACS's value and its price as these two are different measures arrived at by different means. Investors typically determine if UBS ETRACS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UBS ETRACS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.