Correlation Between Barclays Capital and CROC
Can any of the company-specific risk be diversified away by investing in both Barclays Capital and CROC 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 CROC into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Barclays Capital and CROC, you can compare the effects of market volatilities on Barclays Capital and CROC 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 CROC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Barclays Capital and CROC.
Diversification Opportunities for Barclays Capital and CROC
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Barclays and CROC is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Barclays Capital and CROC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CROC 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 CROC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CROC has no effect on the direction of Barclays Capital i.e., Barclays Capital and CROC go up and down completely randomly.
Pair Corralation between Barclays Capital and CROC
If you would invest (100.00) in CROC on January 24, 2024 and sell it today you would earn a total of 100.00 from holding CROC or generate -100.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 100.0% |
Values | Daily Returns |
Barclays Capital vs. CROC
Performance |
Timeline |
Barclays Capital |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
CROC |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Barclays Capital and CROC Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Barclays Capital and CROC
The main advantage of trading using opposite Barclays Capital and CROC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Barclays Capital position performs unexpectedly, CROC 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 CROC will offset losses from the drop in CROC's long position.Barclays Capital vs. ProShares UltraShort FTSE | Barclays Capital vs. ProShares UltraShort Gold | Barclays Capital vs. ProShares UltraShort Silver |
CROC vs. ProShares UltraShort FTSE | CROC vs. ProShares UltraShort Gold | CROC vs. ProShares UltraShort Silver |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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