Barclays PLC Correlations

Stocks . USA . 
Stock . Barclays PLC ADR
BCS Stock  USD 19.63  0.40  2.00%   
The current 90-days correlation between Barclays PLC ADR and ING Group NV is 0.65 (i.e., Poor diversification). The correlation of Barclays PLC 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Barclays PLC Correlation With Market

Very weak diversification

The correlation between Barclays PLC ADR and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays PLC ADR and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barclays PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in goods.

Moving together with Barclays Stock

  0.9C Citigroup Aggressive PushPairCorr
  0.94BK Bank of New YorkPairCorr
  0.8CM Canadian Imperial BankPairCorr
  0.79RY Royal BankPairCorr
  0.73TD Toronto Dominion BankPairCorr
  0.81BML-PH Bank of AmericaPairCorr
  0.79BML-PL Bank of AmericaPairCorr
  0.66BAC Bank of America Aggressive PushPairCorr
  0.81BMO Bank of MontrealPairCorr
  0.78BNS Bank of Nova Scotia Normal TradingPairCorr
  0.97ING ING Group NVPairCorr
  0.78JPM JPMorgan ChasePairCorr
  0.84JPM-PK JPMorgan ChasePairCorr
  0.8JPM-PJ JPMorgan ChasePairCorr
  0.85JPM-PM JPMorgan ChasePairCorr
  0.81JPM-PL JPMorgan ChasePairCorr
  0.9JPM-PC JPMorgan ChasePairCorr
  0.91JPM-PD JPMorgan ChasePairCorr
  0.63NWG Natwest Group PLCPairCorr
  0.95SAN Banco Santander SAPairCorr
  0.96UBS UBS Group AGPairCorr
  0.92HSBC HSBC Holdings PLCPairCorr
  0.87BAC-PB Bank of AmericaPairCorr
  0.85BAC-PM Bank of AmericaPairCorr
  0.83BAC-PN Bank of AmericaPairCorr
  0.87BAC-PK Bank of AmericaPairCorr
  0.88BAC-PL Bank of AmericaPairCorr
  0.86BAC-PQ Bank of AmericaPairCorr
  0.86BAC-PO Bank of AmericaPairCorr
  0.84BAC-PP Bank of AmericaPairCorr
  0.83BAC-PS Bank of AmericaPairCorr
  0.83MUFG Mitsubishi UFJ FinancialPairCorr
  0.8SMFG Sumitomo Mitsui FinancialPairCorr

Moving against Barclays Stock

  0.67BML-PJ Bank of AmericaPairCorr
  0.55BAC-PE Bank of AmericaPairCorr
  0.74CB ChubbPairCorr
  0.69AC Associated CapitalPairCorr
  0.56V Visa Class APairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Barclays Stock performing well and Barclays PLC Company 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 PLC'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.

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