Barclays PLC Correlations

BCLYF Stock

USD 4.00 0.03 0.76%

The current 90-days correlation between Barclays PLC and ABN AMRO Bank is -0.29 (i.e., Very good 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.

Barclays PLC Correlation With Market

Average diversification

The correlation between Barclays PLC and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Barclays PLC 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 PLC 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 PLC - 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 PLC to buy it.

Moving together with Barclays Pink Sheet

0.69	BML-PG	Bank of America	Pair Corr
0.61	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.64	NVRO	Nevro Corp Sell-off Trend	Pair Corr
0.88	AXSM	Axsome Therapeutics	Pair Corr
0.85	BAOB	Baraboo Bancorporation	Pair Corr
0.7	CDR-PB	Cedar Realty Trust	Pair Corr
0.62	TCTZF	Tencent Holdings	Pair Corr

Moving against Barclays Pink Sheet

0.35

INBX

Inhibrx Symbol Change

Pair Corr

Related Correlations Analysis

	ANZGF	AAVMY	BACRP	BAC-PS	BBVXF	JPM	BNDSY
ANZGF		0.0	0.0	0.0	0.0	0.0	0.0	ANZGF
AAVMY	0.0		0.08	0.1	0.29	-0.34	0.81	AAVMY
BACRP	0.0	0.08		-0.23	-0.03	-0.3	-0.06	BACRP
BAC-PS	0.0	0.1	-0.23		-0.07	0.42	0.07	BAC-PS
BBVXF	0.0	0.29	-0.03	-0.07		-0.66	0.32	BBVXF
JPM	0.0	-0.34	-0.3	0.42	-0.66		-0.18	JPM
BNDSY	0.0	0.81	-0.06	0.07	0.32	-0.18		BNDSY
	ANZGF	AAVMY	BACRP	BAC-PS	BBVXF	JPM	BNDSY

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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

BNDSY	+ 0.81	AAVMY
JPM	+ 0.42	BAC-PS
BNDSY	+ 0.32	BBVXF
BBVXF	+ 0.29	AAVMY
BAC-PS	+ 0.1	AAVMY
BACRP	+ 0.08	AAVMY

High negative correlations

JPM	- 0.66	BBVXF
JPM	- 0.34	AAVMY
JPM	- 0.3	BACRP
BAC-PS	- 0.23	BACRP
BNDSY	- 0.18	JPM
BBVXF	- 0.07	BAC-PS

Risk-Adjusted Indicators

There is a big difference between Barclays Pink Sheet 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANZGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AAVMY	1.31	0.63	0.38	2.74	1.16	(1.59)	3.95	(2.92)	13.50
BACRP	5.25	0.66	0.03	0.54	7.65	(20.85)	25.00	(21.97)	92.19
BAC-PS	0.65	0.00	0.09	(0.08)	0.74	(0.82)	1.16	(1.21)	4.17
BBVXF	2.06	0.75	0.33	(1.44)	1.00	(4.60)	7.28	(3.17)	15.48
JPM	1.11	0.06	0.00	(0.02)	0.00	0.00	1.99	(3.35)	6.85
BNDSY	1.61	0.66	0.00	(1.88)	0.00	0.00	4.25	(0.20)	25.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Barclays PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Barclays PLC Corporate Management

Kathryn McLeland	Head Treasurer	Profile
Stephen Shapiro	Company Secretary	Profile
Marco Valla	Media Technology	Profile
Adam Kelleher	Chief Research	Profile
Mark AshtonRigby	Group Services	Profile
Reid Marsh	Global Banking	Profile

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