Correlation Between UBSFund Solutions and 21Shares Bitcoin
Can any of the company-specific risk be diversified away by investing in both UBSFund Solutions and 21Shares Bitcoin at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining UBSFund Solutions and 21Shares Bitcoin into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between UBSFund Solutions MSCI and 21Shares Bitcoin Suisse, you can compare the effects of market volatilities on UBSFund Solutions and 21Shares Bitcoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in UBSFund Solutions with a short position of 21Shares Bitcoin. Check out your portfolio center. Please also check ongoing floating volatility patterns of UBSFund Solutions and 21Shares Bitcoin.
Diversification Opportunities for UBSFund Solutions and 21Shares Bitcoin
-0.41 | Correlation Coefficient |
Very good diversification
The 3 months correlation between UBSFund and 21Shares is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding UBSFund Solutions MSCI and 21Shares Bitcoin Suisse in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 21Shares Bitcoin Suisse and UBSFund Solutions is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on UBSFund Solutions MSCI are associated (or correlated) with 21Shares Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 21Shares Bitcoin Suisse has no effect on the direction of UBSFund Solutions i.e., UBSFund Solutions and 21Shares Bitcoin go up and down completely randomly.
Pair Corralation between UBSFund Solutions and 21Shares Bitcoin
Assuming the 90 days trading horizon UBSFund Solutions MSCI is expected to generate 0.4 times more return on investment than 21Shares Bitcoin. However, UBSFund Solutions MSCI is 2.48 times less risky than 21Shares Bitcoin. It trades about 0.09 of its potential returns per unit of risk. 21Shares Bitcoin Suisse is currently generating about -0.14 per unit of risk. If you would invest 5,030 in UBSFund Solutions MSCI on August 29, 2025 and sell it today you would earn a total of 297.00 from holding UBSFund Solutions MSCI or generate 5.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 95.31% |
| Values | Daily Returns |
UBSFund Solutions MSCI vs. 21Shares Bitcoin Suisse
Performance |
| Timeline |
| UBSFund Solutions MSCI |
| 21Shares Bitcoin Suisse |
UBSFund Solutions and 21Shares Bitcoin Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UBSFund Solutions and 21Shares Bitcoin
The main advantage of trading using opposite UBSFund Solutions and 21Shares Bitcoin positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UBSFund Solutions position performs unexpectedly, 21Shares Bitcoin 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 21Shares Bitcoin will offset losses from the drop in 21Shares Bitcoin's long position.| UBSFund Solutions vs. UBSFund Solutions MSCI | UBSFund Solutions vs. UBSFund Solutions Bloomberg | UBSFund Solutions vs. UBSFund Solutions JP | UBSFund Solutions vs. UBSFund Solutions MSCI |
| 21Shares Bitcoin vs. 21Shares Polygon ETP | 21Shares Bitcoin vs. 21Shares Bitcoin Core | 21Shares Bitcoin vs. 21Shares Ethereum Core | 21Shares Bitcoin vs. 21Shares Tezos staking |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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