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Benchmark  United States  NYSE  10,958   28.252 Index Moved Down -0.26%  


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Collecting data for TUES and FBI ...

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 generate 0.26 times more return on investment than Franchise. However, Tuesday Morning Corporation is 3.78 times less risky than Franchise. It trades about -0.19 of its potential returns per unit of risk. Franchise Bancorp Inc is currently generating about -0.23 per unit of risk. If you would invest  1,836  in Tuesday Morning Corporation on June 22, 2014 and sell it today you would lose (141.00) from holding Tuesday Morning Corporation or give up 7.68% of portfolio value over 30 days.

Diversification

Excellent 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

Correlation Coefficient

-0.54
Parameters
Time Period1 Month [change]
DirectionNegative TUES Moved Down vs FBI.V
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
FBI   TUES   

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
Target Corp vs. Tuesday Morning Corporation
Big Lots 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
New Look Eyewear Inc vs. Franchise Bancorp Inc
LIQUOR STORES NA LTD vs. Franchise Bancorp Inc


 
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