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Benchmark  United States  NYSE  10,890   58.62 Index Moved Up 0.54%  


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Collecting data for TUES and FBI ...

Correlation analysis between Tuesday and Franchise Correlation analysis between Tuesday and Franchise

   
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Tuesday Morning Corporation and Franchise Bancorp Inc. You can compare the effects of market volatilities on Tuesday and Franchise 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 Tuesday with a short position of Franchise. Please also check ongoing floating volatility patterns of Tuesday and Franchise.
 Tuesday Morning Corp.  vs   Franchise Bancorp Inc.
Daily Returns (%)
FBI   TUES   
 
Change Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Tuesday Morning Corporation is expected to under-perform the Franchise. But the stock apears to be less risky and, when comparing its historical volatility, Tuesday Morning Corporation is 1.65 times less risky than Franchise. The stock trades about -0.1 of its potential returns per unit of risk. The Franchise Bancorp Inc is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  190.00  in Franchise Bancorp Inc on November 20, 2014 and sell it today you would earn a total of 0.00  from holding Franchise Bancorp Inc or generate 0.0% return on investment over 30 days.

Correlation Coefficient

-0.3
Parameters
Time Period1 Month [change]
DirectionNegative TUES Moved Down vs FBI.V
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Tuesday Morning Corp. and Franchise Bancorp Inc. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get Franchise Bancorp Inc research report. Reports are available in pdf format. Click Franchise Report to view
  
Franchise Report  
Get Tuesday Morning Corporation research report. Reports are available in pdf format. Click Tuesday Report to view
  
Tuesday Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Tuesday Morning

  
Over the last 30 days Tuesday Morning Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Tuesday

WalMart Stores Inc vs. Tuesday Morning Corporation
Costco Wholesale Corporation vs. Tuesday Morning Corporation
Target Corp vs. Tuesday Morning Corporation
Dollar Tree Inc vs. Tuesday Morning Corporation
Family Dollar Stores Inc vs. Tuesday Morning Corporation
zulily Inc vs. Tuesday Morning Corporation
PriceSmart Inc vs. Tuesday Morning Corporation
Big Lots Inc vs. Tuesday Morning Corporation
Freds Inc vs. Tuesday Morning Corporation
  

Franchise Bancorp

  
Over the last 30 days Franchise Bancorp Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Franchise

Canadian Tire Corp Ltd vs. Franchise Bancorp Inc
LIQUOR STORES NA LTD vs. Franchise Bancorp Inc
Indigo Books Music Inc vs. Franchise Bancorp Inc
New Look Eyewear Inc vs. Franchise Bancorp Inc
Rocky Mountain Liquor Inc vs. Franchise Bancorp Inc
Liquid Nutrition Group Inc vs. Franchise Bancorp Inc


 

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