Correlation Analysis Between Dine Brands and Jack In

This module allows you to analyze existing cross correlation between Dine Brands Global Inc Common and Jack In The Box. You can compare the effects of market volatilities on Dine Brands and Jack In 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 Dine Brands with a short position of Jack In. See also your portfolio center. Please also check ongoing floating volatility patterns of Dine Brands and Jack In.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

Dine Brands Global  

Risk-Adjusted Performance

Over the last 30 days Dine Brands Global Inc Common has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough conflicting performance in the last few months, the Stock's forward indicators remain quite persistent which may send shares a bit higher in October 2019. The existing mess may also be a sign of long standing up-swing for the corporation partners.
Jack In The  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Jack In The Box are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly consistent technical and fundamental indicators, Jack In is not utilizing all of its potentials. The existing stock price confusion, may contribute to short-horizon losses for the traders.

Dine Brands and Jack In Volatility Contrast

 Predicted Return Density 

Dine Brands Global Inc Common  vs.  Jack In The Box Inc

 Performance (%) 

Pair Volatility

Considering 30-days investment horizon, Dine Brands Global Inc Common is expected to under-perform the Jack In. But the stock apears to be less risky and, when comparing its historical volatility, Dine Brands Global Inc Common is 1.15 times less risky than Jack In. The stock trades about -0.18 of its potential returns per unit of risk. The Jack In The Box is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  8,597  in Jack In The Box on August 17, 2019 and sell it today you would earn a total of  201.00  from holding Jack In The Box or generate 2.34% return on investment over 30 days.

Pair Corralation between Dine Brands and Jack In

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Dine Brands and Jack In

Dine Brands Global Inc Common diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Dine Brands Global Inc Common and Jack In The Box Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jack In The and Dine Brands 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 Dine Brands Global Inc Common are associated (or correlated) with Jack In. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jack In The has no effect on the direction of Dine Brands i.e. Dine Brands and Jack In go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.