Barclays ETN Correlations

CAPE Etf

USD 30.43 0.38 1.26%

The current 90-days correlation between Barclays ETN Shiller and VanEck China Bond is 0.37 (i.e., Weak diversification). The correlation of Barclays ETN 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 ETN Correlation With Market

Poor diversification

The correlation between Barclays ETN Shiller and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays ETN Shiller 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 ETN Shiller. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Barclays Etf

0.79	VTV	Vanguard Value Index	Pair Corr
0.82	VYM	Vanguard High Dividend	Pair Corr
0.78	IWD	iShares Russell 1000	Pair Corr
0.9	DGRO	iShares Core Dividend	Pair Corr
0.81	IVE	iShares SP 500	Pair Corr
0.81	DVY	iShares Select Dividend	Pair Corr
0.82	SPYV	SPDR Portfolio SP	Pair Corr
0.77	FVD	First Trust Value	Pair Corr
0.79	IUSV	iShares Core SP	Pair Corr
0.77	NOBL	ProShares SP 500	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.77	WMT	Walmart Aggressive Push	Pair Corr

Moving against Barclays Etf

0.68

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	CBON	ATMP	LGLV	FRDM	QDEF
CBON		0.14	0.54	0.58	0.28	CBON
ATMP	0.14		0.62	0.68	0.32	ATMP
LGLV	0.54	0.62		0.79	0.57	LGLV
FRDM	0.58	0.68	0.79		0.37	FRDM
QDEF	0.28	0.32	0.57	0.37		QDEF
	CBON	ATMP	LGLV	FRDM	QDEF

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Barclays ETN Constituents Risk-Adjusted Indicators

There is a big difference between Barclays Etf performing well and Barclays ETN 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 ETN'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
CBON	0.21	(0.01)	0.21	(0.17)	0.24	(0.26)	0.64	(0.45)	1.74
ATMP	1.02	0.14	0.12	0.16	1.31	(1.07)	1.96	(2.30)	6.36
LGLV	0.63	0.04	0.09	0.01	0.79	(0.64)	1.19	(1.43)	2.86
FRDM	0.92	0.12	0.12	0.13	1.13	(0.95)	2.14	(2.35)	5.73
QDEF	0.58	(0.01)	0.00	(0.08)	0.00	0.00	1.14	(1.47)	2.82

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