Correlation Analysis Between Biglari Holdings and Dunkin Brands

This module allows you to analyze existing cross correlation between Biglari Holdings and Dunkin Brands Group. You can compare the effects of market volatilities on Biglari Holdings and Dunkin Brands 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 Biglari Holdings with a short position of Dunkin Brands. See also your portfolio center. Please also check ongoing floating volatility patterns of Biglari Holdings and Dunkin Brands.
Horizon     30 Days    Login   to change
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Comparative Performance

Biglari Holdings  
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Risk-Adjusted Performance

Over the last 30 days Biglari Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's fundamental indicators remain nearly stable which may send shares a bit higher in November 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
Dunkin Brands Group  
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Risk-Adjusted Performance

Over the last 30 days Dunkin Brands Group has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough quite persistent forward indicators, Dunkin Brands is not utilizing all of its potentials. The prevalent stock price mess, may contribute to short term losses for the partners.

Biglari Holdings and Dunkin Brands Volatility Contrast

 Predicted Return Density 
      Returns 

Biglari Holdings Inc  vs.  Dunkin Brands Group Inc

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Biglari Holdings is expected to under-perform the Dunkin Brands. In addition to that, Biglari Holdings is 2.43 times more volatile than Dunkin Brands Group. It trades about -0.08 of its total potential returns per unit of risk. Dunkin Brands Group is currently generating about -0.05 per unit of volatility. If you would invest  7,931  in Dunkin Brands Group on September 20, 2019 and sell it today you would lose (338.00)  from holding Dunkin Brands Group or give up 4.26% of portfolio value over 30 days.

Pair Corralation between Biglari Holdings and Dunkin Brands

0.04
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Biglari Holdings and Dunkin Brands

Biglari Holdings Inc diversification synergy

Significant diversification

Overlapping area represents the amount of risk that can be diversified away by holding Biglari Holdings Inc and Dunkin Brands Group Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Dunkin Brands Group and Biglari Holdings is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Biglari Holdings are associated (or correlated) with Dunkin Brands. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dunkin Brands Group has no effect on the direction of Biglari Holdings i.e. Biglari Holdings and Dunkin Brands go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.


 
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