Barclays Capital Correlations

Etfs USA . 
Etf . Barclays Capital
PGM Etf  USD 49.41  0.00  0.00%   
The current 90-days correlation between Barclays Capital and Barclays Capital is -0.28 (i.e., Very good 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

Significant diversification

The correlation between Barclays Capital and DJI is 0.09 (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 Your Equity Center 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 price.

Moving together with Barclays Etf

  0.68BND Vanguard Total BondPairCorr
  0.65BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Moving against Barclays Etf

  0.8DSJA DSJAPairCorr
  0.71SPY SPDR SP 500 Aggressive PushPairCorr
  0.71IVV iShares Core SPPairCorr
  0.71VUG Vanguard Growth IndexPairCorr
  0.71RSPY Tuttle Capital ManagementPairCorr
  0.69VTI Vanguard Total StockPairCorr
  0.69VO Vanguard Mid CapPairCorr
  0.65VTV Vanguard Value IndexPairCorr
  0.65AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.59MEME Roundhill InvestmentsPairCorr
  0.58VB Vanguard Small CapPairCorr
  0.55ITDD iShares TrustPairCorr
  0.53VWO Vanguard FTSE EmergingPairCorr
  0.77CSCO Cisco Systems Sell-off TrendPairCorr
  0.76AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.72CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.72T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.64WMT Walmart Aggressive PushPairCorr
  0.64INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.62CVX Chevron Corp Sell-off TrendPairCorr
  0.61TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.5DIS Walt Disney Sell-off TrendPairCorr
  0.49JPM JPMorgan Chase Sell-off TrendPairCorr
  0.43MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.35GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr

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
+ 0.79
T
XOM
+ 0.72
META
JPM
+ 0.69
F
XOM
+ 0.65
CRM
CRM
+ 0.64
META
  
High negative correlations   
MRK
- 0.91
CRM
MRK
- 0.83
JPM
MRK
- 0.78
T
JPM
- 0.62
A
XOM
- 0.56
MRK
MRK
- 0.53
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  0.20  1.40 
(1.15)
 2.62 
(3.15)
 8.02 
MSFT  0.92 (0.05)(0.05) 0.05  1.49 
(0.89)
 2.09 
(1.85)
 8.19 
UBER  1.62 (0.12)(0.05) 0.00  2.30 
(1.74)
 2.69 
(2.53)
 20.10 
F  1.43 (0.15)(0.04) 0.02  2.20 
(1.42)
 2.53 
(2.90)
 11.21 
T  0.92  0.28  0.15 (7.88) 0.85 
(1.05)
 2.56 
(1.72)
 6.47 
A  1.17 (0.09) 0.00 (0.05) 0.00 
 0.00 
 2.71 
(2.42)
 9.02 
CRM  1.34  0.21  0.16  0.30  1.16 
(1.53)
 3.18 
(1.93)
 9.09 
JPM  1.12 (0.01) 0.06  0.11  1.40 
(1.21)
 2.05 
(2.00)
 15.87 
MRK  0.91 (0.21) 0.00 (0.74) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.01 (0.05)(0.08) 0.02  1.33 
(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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