Barclays PLC Correlations

BCS Stock

USD 15.75 0.22 1.38%

The current 90-days correlation between Barclays PLC ADR and Banco Bilbao Viscaya is 0.59 (i.e., Very weak 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 0.51 (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.

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 main economic indicators.

Moving together with Barclays Stock

0.9	TD	Toronto Dominion Bank	Pair Corr
0.78	BML-PG	Bank of America	Pair Corr
0.72	BML-PH	Bank of America	Pair Corr
0.64	BML-PJ	Bank of America	Pair Corr
0.86	ING	ING Group NV	Pair Corr
0.71	JPM-PM	JPMorgan Chase	Pair Corr
0.92	JPM-PC	JPMorgan Chase	Pair Corr
0.79	JPM-PD	JPMorgan Chase	Pair Corr
0.63	NTB	Bank of NT	Pair Corr
0.95	NWG	Natwest Group PLC	Pair Corr
0.94	SAN	Banco Santander SA	Pair Corr
0.95	HSBC	HSBC Holdings PLC	Pair Corr
0.84	BAC-PB	Bank of America	Pair Corr
0.71	BAC-PM	Bank of America	Pair Corr
0.79	BAC-PK	Bank of America	Pair Corr
0.72	BAC-PL	Bank of America	Pair Corr
0.88	MUFG	Mitsubishi UFJ Financial Buyout Trend	Pair Corr
0.85	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.94	BBVA	Banco Bilbao Viscaya	Pair Corr

Moving against Barclays Stock

0.79	BNS	Bank of Nova Scotia	Pair Corr
0.71	CM	Canadian Imperial Bank	Pair Corr
0.53	RY	Royal Bank	Pair Corr
0.4	BML-PL	Bank of America	Pair Corr
0.36	EWBC	East West Bancorp	Pair Corr
0.31	BAC	Bank of America Sell-off Trend	Pair Corr
0.62	BX	Blackstone Group Normal Trading	Pair Corr
0.59	AX	Axos Financial	Pair Corr
0.56	DHIL	Diamond Hill Investment	Pair Corr
0.32	BY	Byline Bancorp	Pair Corr

Related Correlations Analysis

	BBVA	SAN	UBS	HSBC	MUFG	SMFG	ING	C	RY	BCDRF
BBVA		0.99	0.45	0.97	0.91	0.85	0.94	0.12	-0.68	0.98	BBVA
SAN	0.99		0.38	0.97	0.89	0.85	0.91	0.09	-0.68	0.99	SAN
UBS	0.45	0.38		0.43	0.52	0.5	0.32	0.74	0.15	0.39	UBS
HSBC	0.97	0.97	0.43		0.86	0.83	0.9	0.12	-0.66	0.96	HSBC
MUFG	0.91	0.89	0.52	0.86		0.96	0.86	0.18	-0.53	0.88	MUFG
SMFG	0.85	0.85	0.5	0.83	0.96		0.8	0.17	-0.44	0.83	SMFG
ING	0.94	0.91	0.32	0.9	0.86	0.8		-0.13	-0.79	0.9	ING
C	0.12	0.09	0.74	0.12	0.18	0.17	-0.13		0.44	0.09	C
RY	-0.68	-0.68	0.15	-0.66	-0.53	-0.44	-0.79	0.44		-0.67	RY
BCDRF	0.98	0.99	0.39	0.96	0.88	0.83	0.9	0.09	-0.67		BCDRF
	BBVA	SAN	UBS	HSBC	MUFG	SMFG	ING	C	RY	BCDRF

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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

SAN	+ 0.99	BBVA
BCDRF	+ 0.99	SAN
BCDRF	+ 0.98	BBVA
HSBC	+ 0.97	BBVA
HSBC	+ 0.97	SAN
BCDRF	+ 0.96	HSBC

High negative correlations

RY	- 0.79	ING
RY	- 0.68	SAN
RY	- 0.68	BBVA
BCDRF	- 0.67	RY
RY	- 0.66	HSBC
RY	- 0.53	MUFG

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBVA	1.53	0.59	0.35	0.57	1.21	(1.78)	4.05	(2.47)	8.81
SAN	1.69	0.63	0.31	0.49	1.55	(2.13)	4.24	(2.75)	15.03
UBS	1.40	0.13	0.06	0.05	2.18	(1.47)	3.11	(3.33)	11.01
HSBC	0.94	0.36	0.25	0.44	1.07	(0.98)	2.59	(2.11)	7.68
MUFG	1.26	0.31	0.23	0.31	1.15	(1.43)	3.55	(2.30)	7.42
SMFG	1.21	0.20	0.13	0.14	1.51	(1.32)	2.71	(2.71)	7.82
ING	1.22	0.47	0.34	0.64	0.92	(1.35)	3.38	(2.21)	9.18
C	1.40	0.13	0.04	0.02	2.07	(1.32)	2.45	(3.48)	12.74
RY	0.90	(0.06)	0.00	(0.13)	0.00	0.00	1.55	(2.67)	6.21
BCDRF	3.09	0.65	0.16	1.23	3.40	(3.69)	8.19	(6.91)	21.60

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