Barclays PLC Correlations

Stocks . USA . 
Stock . Barclays PLC ADR
BCS Stock  USD 13.21  0.25  1.93%   
The current 90-days correlation between Barclays PLC ADR and Cadence Design Systems is 0.2 (i.e., Modest 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

Poor diversification

The correlation between Barclays PLC ADR and DJI is 0.61 (i.e., Poor 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

  0.87C Citigroup Fiscal Year End 10th of January 2025 PairCorr
  0.84BK Bank of New York Fiscal Year End 10th of January 2025 PairCorr
  0.62CM Canadian Imperial Bank Fiscal Year End 5th of December 2024 PairCorr
  0.91BAC Bank of America Aggressive PushPairCorr
  0.78BMO Bank of Montreal Fiscal Year End 6th of December 2024 PairCorr
  0.87JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.66NTB Bank of NTPairCorr
  0.82UBS UBS Group AG Sell-off TrendPairCorr
  0.92WFC Wells Fargo Aggressive PushPairCorr
  0.68HSBC HSBC Holdings PLCPairCorr
  0.76MUFG Mitsubishi UFJ FinancialPairCorr
  0.82C-PN Citigroup Capital XIIIPairCorr

Moving against Barclays Stock

  0.73ING ING Group NVPairCorr
  0.62TD Toronto Dominion Bank Fiscal Year End 5th of December 2024 PairCorr
  0.47JPM-PM JPMorgan ChasePairCorr
  0.38JPM-PK JPMorgan ChasePairCorr
  0.35JPM-PL JPMorgan ChasePairCorr
  0.31BAC-PQ Bank of AmericaPairCorr
  0.31BAC-PP Bank of AmericaPairCorr

Related Correlations Analysis

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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   
FTAI
+ 0.92
NOW
NOW
+ 0.6
CDNS
FTAI
+ 0.48
CDNS
DH
+ 0.12
MIUFY
FTAI
+ 0.07
DH
STSFF
+ 0.07
DH
  
High negative correlations   
STSFF
- 0.63
FTAI
MIUFY
- 0.47
CDNS
STSFF
- 0.45
NOW
NOW
- 0.45
MIUFY
STSFF
- 0.33
MIUFY
FTAI
- 0.26
MIUFY

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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