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Benchmark  United States  NYSE  10,947   35.492 Index Moved Down -0.32%  


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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 is expected to generate 5.21 times less return on investment than Franchise. But when comparing it to its historical volatility, Tuesday Morning Corporation is 3.2 times less risky than Franchise. It trades about 0.13 of its potential returns per unit of risk. Franchise Bancorp Inc is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest  126.00  in Franchise Bancorp Inc on July 23, 2014 and sell it today you would earn a total of  49.00  from holding Franchise Bancorp Inc or generate 38.89% return on investment over 30 days.

Correlation Coefficient

0.23
Parameters
Time Period1 Month [change]
DirectionPositive FBI.V Moved Up vs TUES
StrengthVery Weak
Accuracy95.65%
ValuesDaily Returns

Diversification

Modest 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
  
Franchise Report  
  
Tuesday Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
FBI   TUES   

Tuesday Morning

  
Compared with the overall equity markets, risk-adjusted returns on investments in Tuesday Morning Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

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

  
Compared with the overall equity markets, risk-adjusted returns on investments in Franchise Bancorp Inc are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Franchise

Canadian Tire Corp Ltd vs. Franchise Bancorp Inc
Canadian Tire Corp Ltd vs. Franchise Bancorp Inc
New Look Eyewear Inc vs. Franchise Bancorp Inc


 
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