Barclays ETN Correlations

ATMP Etf  USD 30.49  0.14  0.46%   
The current 90-days correlation between Barclays ETN Select and Alerian Energy Infrastructure is 0.07 (i.e., Significant diversification). The correlation of Barclays ETN 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.

Barclays ETN Correlation With Market

Modest diversification

The correlation between Barclays ETN Select and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays ETN Select and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barclays ETN Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Barclays Etf

  0.74EMLP First Trust NorthPairCorr
  0.84MLPA Global X MLPPairCorr
  0.77MLPX Global X MLPPairCorr
  0.73TPYP Tortoise North AmericanPairCorr
  0.99AMZA InfraCap MLP ETFPairCorr
  0.98MLPB UBS AG LondonPairCorr
  0.77ENFR Alerian Energy InfraPairCorr
  0.85AMUB UBS AG LondonPairCorr
  0.65PULS PGIM Ultra ShortPairCorr
  0.66CPST Calamos ETF TrustPairCorr

Moving against Barclays Etf

  0.49BITI ProShares TrustPairCorr
  0.46MCD McDonalds Earnings Call This WeekPairCorr

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   
XOMF
AMETA
XOMUBER
FUBER
JPMT
CRMMSFT
  
High negative correlations   
UBERMSFT
MRKJPM
CRMUBER
XOMMSFT
UBERMETA
XOMMETA

Barclays ETN Competition Risk-Adjusted Indicators

There is a big difference between Barclays Etf performing well and Barclays ETN 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 ETN'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  1.39  0.31  0.17  0.79  1.22 
 3.43 
 7.43 
MSFT  1.12 (0.03) 0.00 (0.42) 0.00 
 2.20 
 7.31 
UBER  1.46 (0.19) 0.00 (0.30) 0.00 
 2.67 
 12.29 
F  1.47 (0.18) 0.00 (0.20) 0.00 
 2.57 
 11.21 
T  1.00  0.10  0.04  0.30  1.08 
 1.91 
 7.94 
A  1.15  0.13  0.04  1.36  1.14 
 2.81 
 5.70 
CRM  1.55  0.28  0.13  0.81  1.42 
 3.96 
 14.80 
JPM  1.05  0.25  0.15  0.96  1.05 
 1.92 
 15.87 
MRK  1.03 (0.11) 0.00 (0.43) 0.00 
 2.00 
 5.24 
XOM  0.82 (0.16) 0.00 (0.28) 0.00 
 1.71 
 6.06