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Do you like to follow sell-side analyst ratings from the big banks? We ran a screen on stocks currently favored by analysts at Barclays Capital.

We began by screening for stocks with current "Overweight" ratings from Barclays Capital rated within the last year, indicating analysts at Barclays expect these stocks to outperform.

We then screened for those with strong positive correlations to the volatility (VIX) index over the last two months. This indicates that these stocks have tended to outperform when market uncertainty and volatility spiked. This may bode well if the market sees more volatility in the future. Of course, past performance is no guarantee of future returns.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these names will benefit from market volatility? Use this list as a starting point for your own analysis.

List sorted by correlation to VIX.

1. Ariba Inc. (NASDAQ:ARBA): Provides collaborative business commerce solutions for buying and selling goods and services. Market cap at $4.47B, most recent closing price at $44.60. On 12/06/2011, Barclays Capital had a Overweight rating on the stock. Correlation with the VIX index at 0.776 over the last 60 days.

2. Biogen Idec Inc. (NASDAQ:BIIB): Develops, manufactures, and markets therapeutics in the areas of neurology, immunology, hemophilia, and oncology in the United States and internationally. Market cap at $33.22B, most recent closing price at $138.66. On 12/09/2011, Barclays Capital had a Overweight rating on the stock. Correlation with the VIX index at 0.578 over the last 60 days.

3. Cymer Inc. (NASDAQ:CYMI): Engages in the development, manufacture, and marketing of excimer light sources for the manufacturers of photolithography tools in the semiconductor equipment industry. Market cap at $1.75B, most recent closing price at $56.42. On 01/03/2012, Barclays Capital had a Overweight rating on the stock. Correlation with the VIX index at 0.629 over the last 60 days.

4. Demand Media, Inc. (NYSE:DMD): Operates as a content and social media company in the United States. Market cap at $865.95M, most recent closing price at $10.32. On 09/16/2011, Barclays Capital had a Overweight rating on the stock. Correlation with the VIX index at 0.745 over the last 60 days.

*Ratings data and price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: Barclays Loves These 4 Stocks Positively Correlated With Volatility