Barclays Capital Correlations

Etfs . USA . 
Etf . Barclays Capital
BCM Etf  USD 42.87  0.00  0.00%   
The current 90-days correlation between Barclays Capital and Barclays Capital is 0.94 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barclays Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barclays Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Barclays Capital Correlation With Market

Average diversification

The correlation between Barclays Capital and DJI is 0.13 (i.e., Average 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 Trending Equities 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 main economic indicators.

Moving together with Barclays Etf

  0.73BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Moving against Barclays Etf

  0.66BCI abrdn Bloomberg AllPairCorr
  0.66COMB GraniteShares BloombergPairCorr
  0.65DJP iPath Bloomberg CommodityPairCorr
  0.64FTGC First Trust GlobalPairCorr
  0.63CMDY iShares Bloomberg RollPairCorr
  0.62GCC WisdomTree ContinuousPairCorr
  0.56QLD ProShares Ultra QQQPairCorr
  0.55SPXL Direxion Daily SP500PairCorr
  0.55UPRO ProShares UltraPro SP500PairCorr
  0.54ROM ProShares Ultra TechPairCorr
  0.51TECL Direxion Daily TechnologyPairCorr
  0.51SMH VanEck Semiconductor ETFPairCorr
  0.48USD ProShares Ultra SemiPairCorr
  0.43PDBC Invesco Optimum YieldPairCorr
  0.42DBC Invesco DB CommodityPairCorr
  0.38GSG iShares SP GSCIPairCorr
  0.35GBTC Grayscale Bitcoin TrustPairCorr
  0.34COMT iShares GSCI CommodityPairCorr
  0.74T ATT Inc Aggressive PushPairCorr
  0.65IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.57AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.57CSCO Cisco Systems Aggressive PushPairCorr
  0.55GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.55WMT Walmart Aggressive PushPairCorr
  0.48DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.47TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.44XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.4CVX Chevron Corp Sell-off TrendPairCorr
  0.38DIS Walt Disney Aggressive PushPairCorr

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
+ 0.85
CRM
CRM
+ 0.77
T
XOM
+ 0.71
META
JPM
+ 0.67
F
XOM
+ 0.66
CRM
CRM
+ 0.65
META
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.83
JPM
MRK
- 0.78
T
JPM
- 0.64
A
XOM
- 0.56
MRK
MRK
- 0.54
META

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  1.06  0.06  0.02  0.21  1.39 
(1.15)
 2.62 
(3.15)
 8.02 
MSFT  0.90 (0.03)(0.04) 0.07  1.49 
(0.86)
 2.09 
(1.85)
 8.19 
UBER  1.62 (0.13)(0.05) 0.00  2.26 
(1.79)
 2.69 
(2.53)
 20.10 
F  1.43 (0.15)(0.04) 0.02  2.24 
(1.39)
 2.53 
(2.90)
 11.21 
T  0.92  0.26  0.12 (9.48) 0.86 
(1.06)
 2.56 
(1.72)
 6.47 
A  1.14 (0.13) 0.00 (0.12) 0.00 
 0.00 
 2.29 
(2.42)
 9.02 
CRM  1.29  0.26  0.22  0.36  0.91 
(1.53)
 3.18 
(1.91)
 9.09 
JPM  1.12 (0.01) 0.06  0.12  1.42 
(1.19)
 2.05 
(2.00)
 15.87 
MRK  0.89 (0.23) 0.00 (0.76) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.02 (0.06)(0.09) 0.00  1.34 
(1.07)
 2.10 
(2.09)
 5.74 

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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