Barclays Capital Correlations
| COW Etf | USD 61.53 0.15 0.24% |
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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Barclays Capital and NYA is 0.02 (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 NYA in the same portfolio, assuming nothing else is changed.
Barclays |
The ability to find closely correlated positions to Barclays Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barclays Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Barclays Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Barclays Capital to buy it.
Moving together with Barclays Etf
Moving against Barclays Etf
| 0.56 | NRGU | MicroSectors Big Oil | PairCorr |
| 0.5 | PXE | Invesco Dynamic Energy | PairCorr |
| 0.49 | USO | United States Oil | PairCorr |
| 0.45 | IEO | iShares Oil Gas | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | 1.48 | (0.07) | 0.00 | (0.06) | 0.00 | 3.04 | 13.90 | |||
| MSFT | 0.97 | (0.01) | 0.00 | 0.00 | 1.34 | 1.83 | 6.04 | |||
| UBER | 1.43 | (0.35) | 0.00 | (0.32) | 0.00 | 2.46 | 9.02 | |||
| F | 1.41 | (0.04) | 0.00 | (0.01) | 0.00 | 3.06 | 10.93 | |||
| T | 0.83 | 0.13 | 0.14 | 0.25 | 0.78 | 2.18 | 4.56 | |||
| A | 1.31 | (0.09) | 0.00 | (0.06) | 0.00 | 2.38 | 13.61 | |||
| CRM | 1.53 | (0.42) | 0.00 | (0.32) | 0.00 | 2.10 | 23.62 | |||
| JPM | 0.93 | 0.10 | 0.06 | 0.09 | 1.53 | 1.94 | 8.41 | |||
| MRK | 0.73 | 0.02 | 0.02 | 0.05 | 0.82 | 2.29 | 7.59 | |||
| XOM | 0.86 | 0.10 | 0.08 | 0.15 | 1.02 | 1.77 | 5.27 |
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 |
Additional Information and Resources on Investing in Barclays Etf
When determining whether Barclays Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Barclays Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Barclays Capital Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Barclays Capital Etf:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of Barclays Capital is measured differently than its book value, which is the value of Barclays that is recorded on the company's balance sheet. Investors also form their own opinion of Barclays Capital's value that differs from its market value or its book value, called intrinsic value, which is Barclays Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barclays Capital's market value can be influenced by many factors that don't directly affect Barclays Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barclays Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barclays Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barclays Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.