Barclays Capital Correlations

CAPD Etf

USD 19.37 0.00 0.00%

The current 90-days correlation between Barclays Capital and Barclays Capital is 0.17 (i.e., Average 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

Good diversification

The correlation between Barclays Capital and DJI is -0.13 (i.e., Good 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 american community survey.

Moving together with Barclays Etf

0.74	JANT	AIM ETF Products	Pair Corr
0.71	GSD	WisdomTree	Pair Corr
0.74	BUFF	Innovator Laddered	Pair Corr
0.75	CTA	Simplify Exchange Traded	Pair Corr
0.71	QTR	Global X NASDAQ	Pair Corr
0.81	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.64	TQQQ	ProShares UltraPro QQQ Aggressive Push	Pair Corr
0.61	USCA	Xtrackers MSCI USA	Pair Corr
0.61	VV	Vanguard Large Cap	Pair Corr
0.83	XDJA	Innovator ETFs Trust	Pair Corr
0.78	BTC	Grayscale Bitcoin Mini	Pair Corr
0.75	IVVM	BlackRock ETF Trust	Pair Corr
0.76	BITO	ProShares Bitcoin	Pair Corr
0.75	AMTR	ETRACS Alerian Midstream	Pair Corr
0.72	QQQM	Invesco NASDAQ 100	Pair Corr
0.64	SJNK	SPDR Bloomberg Short	Pair Corr
0.84	YEAR	AB Ultra Short	Pair Corr
0.82	FTSM	First Trust Enhanced	Pair Corr
0.61	MSTY	YieldMax MSTR Option	Pair Corr
0.82	NBCC	Neuberger Berman Next	Pair Corr
0.81	ARKW	ARK Next Generation	Pair Corr

Moving against Barclays Etf

0.87	ZBIO	Zenas BioPharma, Common	Pair Corr
0.77	PRME	Prime Medicine, Common	Pair Corr
0.65	KEM	KraneShares Trust	Pair Corr
0.48	ENGN	enGene Holdings Common	Pair Corr
0.47	AMLX	Amylyx Pharmaceuticals	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	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.

Barclays Capital Barclays Capital Barclays Capital Barclays Capital Barclays Capital Barclays Capital Barclays Capital Barclays Capital Barclays American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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