Benchmark  United States  NYSE  10,805   14.87  0.14% 


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Correlation analysis between Darden and Bloomin

    
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Darden Restaurants Inc and Bloomin Brands Inc. You can compare the effects of market volatilities on Darden and Bloomin 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 Darden with a short position of Bloomin. Please also check ongoing floating volatility patterns of Darden and Bloomin.
 Darden Restaurants Inc.  vs   Bloomin Brands Inc.
Daily Returns (%)
BLMN   DRI   
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Darden Restaurants Inc is expected to generate 1.03 times more return on investment than Bloomin. However, Darden is 1.03 times more volatile than Bloomin Brands Inc. It trades about 0.28 of its potential returns per unit of risk. Bloomin Brands Inc is currently generating about -0.18 per unit of risk. If you would invest  6,580  in Darden Restaurants Inc on June 1, 2015 and sell it today you would earn a total of  528  from holding Darden Restaurants Inc or generate 8.02% return on investment over 30 days.

Correlation Coefficient

0.39

Parameters

Time Period1 Month [change]
DirectionPositive BLMN Moved Up vs DRI
StrengthVery Weak
Accuracy95.65%
ValuesDaily Returns

Diversification

Weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Darden Restaurants Inc. and Bloomin Brands Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

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