Barclays Capital Correlations

Etfs . USA . 
Etf . Barclays Capital
JJA Etf  USD 24.60  0.00  0.00%   
The current 90-days correlation between Barclays Capital and Barclays Capital is 0.92 (i.e., Almost no 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 0.04 (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 Risk vs Return 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 inflation.

Moving together with Barclays Etf

  0.68HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr

Moving against Barclays Etf

  0.67VWO Vanguard FTSE EmergingPairCorr
  0.67T ATT Inc Sell-off TrendPairCorr
  0.63DUKH Ocean Park HighPairCorr
  0.51VTV Vanguard Value IndexPairCorr
  0.48VO Vanguard Mid CapPairCorr
  0.45SPY SPDR SP 500 Aggressive PushPairCorr
  0.45IVV iShares Core SPPairCorr
  0.45SHLD Global X FundsPairCorr
  0.43VTI Vanguard Total StockPairCorr
  0.41WINN Harbor Long TermPairCorr
  0.4VUG Vanguard Growth IndexPairCorr
  0.35VB Vanguard Small CapPairCorr
  0.66HD Home DepotPairCorr
  0.56INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.55DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.51AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.51MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.5WMT Walmart Aggressive PushPairCorr
  0.49CSCO Cisco Systems Aggressive PushPairCorr
  0.46XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.44HPQ HP IncPairCorr
  0.43TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.34CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.33DIS Walt Disney Aggressive PushPairCorr
  0.32VZ Verizon Communications 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
+ 0.84
CRM
CRM
+ 0.75
T
XOM
+ 0.71
META
XOM
+ 0.68
CRM
CRM
+ 0.66
META
JPM
+ 0.65
F
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.83
JPM
MRK
- 0.77
T
JPM
- 0.64
A
XOM
- 0.56
MRK
MRK
- 0.55
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  0.02 (0.01) 0.15  1.41 
(1.14)
 2.62 
(3.15)
 8.02 
MSFT  0.88 (0.08)(0.07) 0.01  1.51 
(0.83)
 2.09 
(1.85)
 8.19 
UBER  1.62 (0.12)(0.05) 0.00  2.25 
(1.79)
 2.69 
(2.44)
 20.10 
F  1.41 (0.13)(0.03) 0.03  2.20 
(1.39)
 2.53 
(2.90)
 11.21 
T  0.92  0.26  0.13 (10.00) 0.86 
(1.04)
 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  1.28  0.26  0.21  0.35  0.91 
(1.51)
 3.18 
(1.91)
 9.09 
JPM  1.12  0.00  0.06  0.12  1.44 
(1.17)
 2.05 
(2.00)
 15.87 
MRK  0.88 (0.24) 0.00 (0.81) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.03  0.00 (0.04) 0.12  1.25 
(1.10)
 2.14 
(2.09)
 5.78 

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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