Barclays Capital Correlations

Etfs . USA . 
Etf . Barclays Capital
LD Etf  USD 45.13  0.00  0.00%   
The current 90-days correlation between Barclays Capital and Vanguard Total Stock is 0.09 (i.e., Significant diversification). The correlation of Barclays Capital 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.

Barclays Capital Correlation With Market

Significant diversification

The correlation between Barclays Capital and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays Capital and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Barclays Etf

  0.75BND Vanguard Total BondPairCorr
  0.74VEA Vanguard FTSE Developed Sell-off TrendPairCorr

Moving against Barclays Etf

  0.85JBBB Janus Detroit StreetPairCorr
  0.79DSJA DSJAPairCorr
  0.78JANW AIM ETF ProductsPairCorr
  0.75SOFR SOFR Symbol ChangePairCorr
  0.72IYZ IShares TelecommunicatioPairCorr
  0.7VIRS Pacer FinancialPairCorr
  0.68RSPY Tuttle Capital ManagementPairCorr
  0.67GPIX Goldman Sachs SPPairCorr
  0.65VTI Vanguard Total StockPairCorr
  0.65NUMG Nuveen ESG MidPairCorr
  0.64SPY SPDR SP 500PairCorr
  0.64IVV iShares Core SPPairCorr
  0.64VUG Vanguard Growth IndexPairCorr
  0.64FELG Fidelity Covington TrustPairCorr
  0.63SNPE Xtrackers SP 500PairCorr
  0.62VO Vanguard Mid CapPairCorr
  0.62VB Vanguard Small CapPairCorr
  0.62ARKQ ARK Autonomous TechnologyPairCorr
  0.62FEDL UBS AG LondonPairCorr
  0.62QJUN First Trust ExchangePairCorr
  0.61NVDX T Rex 2XPairCorr
  0.58SABA Saba Capital Income Symbol ChangePairCorr
  0.57MEME Roundhill InvestmentsPairCorr
  0.55IDAT Ishares TrustPairCorr
  0.54AMZU Direxion Daily AMZNPairCorr
  0.32VTV Vanguard Value IndexPairCorr
  0.84TBX ProShares Short 7PairCorr
  0.78AAA Listed Funds TrustPairCorr
  0.76BSCO Invesco BulletShares 2024PairCorr
  0.76EFU ProShares UltraShort MSCIPairCorr
  0.73FNCL Fidelity MSCI FinancialsPairCorr
  0.72RINF ProShares InflationPairCorr
  0.72APRJ Innovator Premium IncomePairCorr
  0.72LOUP Innovator Loup FrontierPairCorr

Related Correlations Analysis

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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   
JPM
+ 0.89
CRM
CRM
+ 0.88
T
JPM
+ 0.85
T
MSFT
+ 0.69
META
XOM
+ 0.67
UBER
MRK
+ 0.67
A
  
High negative correlations   
MRK
- 0.84
JPM
MRK
- 0.8
CRM
XOM
- 0.76
MSFT
CRM
- 0.75
UBER
MRK
- 0.72
T
T
- 0.7
UBER

Barclays Capital Competition Risk-Adjusted Indicators

There is a big difference between Barclays Etf performing well and Barclays Capital ETF 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 Barclays Capital'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
META  1.16  0.06  0.03  0.15  1.43 
(1.27)
 2.62 
(3.15)
 7.43 
MSFT  0.87 (0.02)(0.02)(0.01) 1.63 
(0.78)
 1.78 
(2.23)
 8.14 
UBER  1.71 (0.32) 0.00 (0.34) 0.00 
 0.00 
 2.67 
(5.35)
 20.41 
F  1.44 (0.15) 0.00 (0.08) 0.00 
 0.00 
 2.53 
(2.90)
 11.21 
T  0.96  0.11  0.08  0.52  1.12 
(1.02)
 1.93 
(1.99)
 7.95 
A  1.24 (0.09) 0.00 (0.16) 0.00 
 0.00 
 2.71 
(2.42)
 9.02 
CRM  1.48  0.37  0.23  0.30  1.30 
(1.66)
 3.18 
(2.88)
 14.80 
JPM  1.04  0.16  0.14  0.11  1.08 
(1.20)
 1.99 
(1.44)
 15.87 
MRK  0.96 (0.27) 0.00 (1.10) 0.00 
 0.00 
 1.72 
(2.17)
 5.17 
XOM  0.90 (0.14) 0.00 (0.43) 0.00 
 0.00 
 1.83 
(2.14)
 6.06 

Barclays Capital Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Barclays Capital etf to make a market-neutral strategy. Peer analysis of Barclays Capital could also be used in its relative valuation, which is a method of valuing Barclays Capital by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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