Pair Correlation Between Tuesday Morning and Franchise Bancorp

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 Morning and Franchise Bancorp 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 Morning with a short position of Franchise Bancorp. Please also check ongoing floating volatility patterns of Tuesday Morning and Franchise Bancorp.
 Tuesday Morning Corp.  vs   Franchise Bancorp Inc.
Daily Returns (%)
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Tuesday Morning Corporation is expected to under-perform the Franchise Bancorp. But the stock apears to be less risky and, when comparing its historical volatility, Tuesday Morning Corporation is 3.02 times less risky than Franchise Bancorp. The stock trades about -0.15 of its potential returns per unit of risk. The Franchise Bancorp Inc is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  170.00  in Franchise Bancorp Inc on September 10, 2015 and sell it today you would lose (5.00) from holding Franchise Bancorp Inc or give up 2.94% of portfolio value over 30 days.

Correlation Coefficient



Time Period1 Month [change]
DirectionNegative TUES Moved Down vs FBI.V
ValuesDaily Returns


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

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Tuesday Morning


Risk-adjusted Performance

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 Morning


Franchise Bancorp


Risk-adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Franchise Bancorp Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.