Ubs Multi Correlations

Mutual Funds USA . 
Fund . Ubs Multi Income
UTBTX Fund   13.60  0.00  0.00%   
The correlation of Ubs Multi 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 Multi Correlation With Market

Significant diversification

The correlation between Ubs Multi Income and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubs Multi Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ubs Multi Income. 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 manufacturing.

Moving together with Ubs Mutual Fund

  0.83PEVAX Pace Smallmedium ValuePairCorr
  0.83PWITX Pace International EquityPairCorr
  0.67PWTAX Ubs AllocationPairCorr
  0.62PWTYX Ubs AllocationPairCorr
  0.62EMPTX Ubs Emerging MarketsPairCorr
  0.95PHDTX Pace High YieldPairCorr
  0.67PHIAX Pace High YieldPairCorr
  0.62PHYPX Pace High YieldPairCorr
  0.89PLAAX Pace Large GrowthPairCorr
  0.67ESPTX Ubs InternationalPairCorr
  0.63PMUAX Pace Municipal FixedPairCorr
  0.67USIAX Ubs Ultra ShortPairCorr
  0.97UTBAX Ubs Total ReturnPairCorr
  0.63UTBPX Ubs Total ReturnPairCorr
  0.68PASIX Pace Alternative StrPairCorr
  0.66UEMPX Ubs Emerging MarketsPairCorr
  0.69PBNAX Pace Strategic FixedPairCorr
  0.65DVRUX Ubs Dividend RulerPairCorr
  0.94BNGLX Ubs Global AllocationPairCorr
  0.7BNIEX Ubs InternationalPairCorr
  0.67BNUEX Ubs InternationalPairCorr
  0.9PCEMX Pace InternationalPairCorr
  0.62PCIEX Pace International EquityPairCorr
  0.63PCLCX Pace Large GrowthPairCorr
  0.92PCMNX Pace Municipal FixedPairCorr
  0.61PCSIX Pace Strategic FixedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Ubs Mutual Fund performing well and Ubs Multi 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 Multi'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PEVAX  0.86  0.16  0.05 (1.66) 0.70 
(1.04)
 2.25 
(1.35)
 4.39 
PWITX  0.52 (0.02)(0.09) 0.08  0.60 
(0.56)
 1.15 
(1.09)
 2.93 
PWTAX  0.35  0.03 (0.03) 0.17  0.12 
(0.43)
 0.93 
(0.53)
 1.96 
PWTYX  0.36  0.05  0.00  0.19  0.07 
(0.44)
 0.96 
(0.54)
 1.96 
PFXAX  0.24  0.04 (0.22) 0.50  0.00 
(0.30)
 0.59 
(0.39)
 1.38 
EMPTX  0.54  0.15  0.07  3.37  0.32 
(0.65)
 1.43 
(0.86)
 3.79 
PHDTX  0.09  0.04 (0.55)(3.30) 0.00 
(0.13)
 0.22 
(0.11)
 0.44 
PHIAX  0.09  0.03 (0.52) 0.42  0.00 
(0.13)
 0.23 
(0.11)
 0.46 
PHYPX  0.09  0.04 (0.56) 6.61  0.00 
(0.14)
 0.23 
(0.11)
 0.45 
PIFAX  0.20  0.03 (0.32) 0.88  0.00 
(0.25)
 0.48 
(0.29)
 0.96 

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