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Benchmark  United States  NYSE  11,005   46.541 Index Moved Down -0.42%  

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 (%)
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Tuesday Morning Corporation is expected to generate 1.59 times more return on investment than Franchise. However, Tuesday is 1.59 times more volatile than Franchise Bancorp Inc. It trades about 0.07 of its potential returns per unit of risk. Franchise Bancorp Inc is currently generating about 0.01 per unit of risk. If you would invest  1,785  in Tuesday Morning Corporation on February 2, 2015 and sell it today you would earn a total of  44.00  from holding Tuesday Morning Corporation or generate 2.46% return on investment over 30 days.

Correlation Coefficient



Time Period1 Month [change]
DirectionPositive FBI.V Moved Up vs TUES
ValuesDaily Returns


Significant 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

Compared with the overall equity markets, risk-adjusted returns on investments in Tuesday Morning Corporation are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Tuesday

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
Big Lots Inc vs. Tuesday Morning Corporation
PriceSmart Inc vs. Tuesday Morning Corporation
zulily 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
BMTC Group Inc vs. Franchise Bancorp Inc
New Look Eyewear Inc vs. Franchise Bancorp Inc



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