Correlation Between Barclays Capital and ProShares Inflation
Can any of the company-specific risk be diversified away by investing in both Barclays Capital and ProShares Inflation at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Barclays Capital and ProShares Inflation into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Barclays Capital and ProShares Inflation Expectations, you can compare the effects of market volatilities on Barclays Capital and ProShares Inflation and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Barclays Capital with a short position of ProShares Inflation. Check out your portfolio center. Please also check ongoing floating volatility patterns of Barclays Capital and ProShares Inflation.
Diversification Opportunities for Barclays Capital and ProShares Inflation
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Barclays and ProShares is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Barclays Capital and ProShares Inflation Expectatio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ProShares Inflation and Barclays Capital is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Barclays Capital are associated (or correlated) with ProShares Inflation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ProShares Inflation has no effect on the direction of Barclays Capital i.e., Barclays Capital and ProShares Inflation go up and down completely randomly.
Pair Corralation between Barclays Capital and ProShares Inflation
If you would invest 3,226 in ProShares Inflation Expectations on December 30, 2023 and sell it today you would earn a total of 9.00 from holding ProShares Inflation Expectations or generate 0.28% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
Barclays Capital vs. ProShares Inflation Expectatio
Performance |
Timeline |
Barclays Capital |
Risk-Adjusted Performance
0 of 100
Low | High |
Very Weak
ProShares Inflation |
Barclays Capital and ProShares Inflation Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Barclays Capital and ProShares Inflation
The main advantage of trading using opposite Barclays Capital and ProShares Inflation positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Barclays Capital position performs unexpectedly, ProShares Inflation can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Inflation will offset losses from the drop in ProShares Inflation's long position.Barclays Capital vs. Invesco DB US | Barclays Capital vs. ProShares VIX Short Term | Barclays Capital vs. ProShares UltraShort Euro | Barclays Capital vs. Invesco DB US |
ProShares Inflation vs. TrimTabs Donoghue Forlines | ProShares Inflation vs. SSGA Active Trust | ProShares Inflation vs. Virtus Private Credit | ProShares Inflation vs. WisdomTree Alternative Income |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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