Barclays ETN Correlations

ATMP Etf

USD 29.22 0.43 1.49%

The current 90-days correlation between Barclays ETN Select and Alerian Energy Infrastructure is 0.97 (i.e., Almost no 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Barclays ETN Correlation With Market

Very weak diversification

The correlation between Barclays ETN Select and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays ETN Select and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Barclays Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barclays ETN Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Barclays Etf

0.86	EMLP	First Trust North	Pair Corr
0.96	MLPA	Global X MLP	Pair Corr
0.91	MLPX	Global X MLP	Pair Corr
0.82	TPYP	Tortoise Capital Series	Pair Corr
0.75	AMZA	InfraCap MLP ETF	Pair Corr
0.96	MLPB	UBS AG London	Pair Corr
0.95	ENFR	Alerian Energy Infra	Pair Corr
0.96	AMUB	UBS AG London	Pair Corr
0.7	WSML	iShares MSCI World	Pair Corr
0.63	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.65	PULS	PGIM Ultra Short	Pair Corr
0.68	CPSR	Calamos ETF Trust	Pair Corr
0.71	LCAP	Principal Capital	Pair Corr
0.66	CAS	Simplify Exchange Traded	Pair Corr
0.68	JUNE	Junee Limited Ordinary Symbol Change	Pair Corr
0.68	BUFD	FT Cboe Vest	Pair Corr
0.67	BA	Boeing	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.65	IBM	International Business Earnings Call This Week	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.75	DIS	Walt Disney	Pair Corr
0.66	MMM	3M Company	Pair Corr

Moving against Barclays Etf

0.67	BITI	ProShares Trust	Pair Corr
0.58	MPAY	Exchange Traded Concepts	Pair Corr

Related Correlations Analysis

	ENFR	AMUB	EMLP	TPYP	MLPB
ENFR		0.9	0.94	0.88	0.88	ENFR
AMUB	0.9		0.86	0.7	0.99	AMUB
EMLP	0.94	0.86		0.84	0.83	EMLP
TPYP	0.88	0.7	0.84		0.68	TPYP
MLPB	0.88	0.99	0.83	0.68		MLPB
	ENFR	AMUB	EMLP	TPYP	MLPB

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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
ENFR	0.76	0.06	(0.03)	0.31	0.93	(0.81)	1.65	(1.34)	4.27
AMUB	0.81	0.02	(0.04)	0.18	0.98	(0.82)	1.86	(1.62)	4.78
EMLP	0.58	0.05	(0.04)	0.25	0.76	(0.59)	1.20	(1.30)	3.88
TPYP	0.70	0.02	(0.06)	0.21	0.96	(0.68)	1.52	(1.60)	4.09
MLPB	0.85	0.02	(0.04)	0.18	1.00	(0.88)	1.71	(1.72)	4.86

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