UBS Fund (Switzerland) Market Value
| ACWIE Etf | EUR 189.74 0.46 0.24% |
| Symbol | UBS |
Please note, there is a significant difference between UBS Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if UBS Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UBS Fund'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.
UBS Fund '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 Fund's etf 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 Fund.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in UBS Fund on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding UBS Fund Solutions or generate 0.0% return on investment in UBS Fund over 30 days. UBS Fund is related to or competes with IShares VII, IShares Core, and Lyxor Japan. The investment objective of the Fund is to deliver the net total return of the Reference Index being MSCI ACWI Net Total... More
UBS Fund 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 Fund's etf 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 Fund Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5333 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.75 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.11 |
UBS Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UBS Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UBS Fund's standard deviation. In reality, there are many statistical measures that can use UBS Fund historical prices to predict the future UBS Fund's volatility.| Risk Adjusted Performance | 0.0978 | |||
| Jensen Alpha | 0.0766 | |||
| Total Risk Alpha | 0.0023 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UBS Fund'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 Fund Solutions Backtested Returns
We consider UBS Fund out of control. UBS Fund Solutions owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for UBS Fund Solutions, which you can use to evaluate the volatility of the entity. Please validate UBS Fund's Risk Adjusted Performance of 0.0978, market risk adjusted performance of 1.24, and Downside Deviation of 0.5333 to confirm if the risk estimate we provide is consistent with the expected return of 0.0693%. The entity has a beta of 0.0668, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UBS Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding UBS Fund is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
UBS Fund Solutions has very weak predictability. Overlapping area represents the amount of predictability between UBS Fund time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Fund Solutions price movement. The serial correlation of 0.17 indicates that over 17.0% of current UBS Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 6.28 |
UBS Fund Solutions lagged returns against current returns
Autocorrelation, which is UBS Fund etf'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 Fund's etf expected returns. We can calculate the autocorrelation of UBS Fund returns to help us make a trade decision. For example, suppose you find that UBS Fund has exhibited high autocorrelation historically, and you observe that the etf 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 Fund 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 Fund etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UBS Fund etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UBS Fund etf over time.
Current vs Lagged Prices |
| Timeline |
UBS Fund Lagged Returns
When evaluating UBS Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UBS Fund etf have on its future price. UBS Fund 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 Fund autocorrelation shows the relationship between UBS Fund etf current value and its past values and can show if there is a momentum factor associated with investing in UBS Fund Solutions.
Regressed Prices |
| Timeline |
Pair Trading with UBS Fund
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 Fund 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 Fund will appreciate offsetting losses from the drop in the long position's value.Moving together with UBS Etf
| 0.95 | JPNJPA | UBSFund Solutions MSCI | PairCorr |
| 0.95 | VUSA | Vanguard SP 500 | PairCorr |
| 0.91 | CSNKY | iShares VII PLC | PairCorr |
| 0.99 | CSSPX | iShares Core SP | PairCorr |
| 0.94 | LYJPN | Lyxor Japan UCITS | PairCorr |
The ability to find closely correlated positions to UBS Fund 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 Fund 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 Fund - 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 Fund Solutions to buy it.
The correlation of UBS Fund 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 Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UBS Fund Solutions 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 Fund 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 Fund Correlation, UBS Fund Volatility and UBS Fund Alpha and Beta module to complement your research on UBS Fund. Note that the UBS Fund Solutions information on this page should be used as a complementary analysis to other UBS Fund's statistical models used 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
UBS Fund technical etf 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, etf market cycles, or different charting patterns.