Correlation Analysis Between Jack In and Dunkin Brands

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

Comparative Performance

Jack In The  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Jack In The Box are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly fragile technical and fundamental indicators, Jack In may actually be approaching a critical reversion point that can send shares even higher in September 2019.
Dunkin Brands Group  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Dunkin Brands Group are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. 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.

Jack In and Dunkin Brands Volatility Contrast

 Predicted Return Density 
      Returns 

Jack In The Box Inc  vs.  Dunkin Brands Group Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Jack In The Box is expected to generate 2.53 times more return on investment than Dunkin Brands. However, Jack In is 2.53 times more volatile than Dunkin Brands Group. It trades about 0.05 of its potential returns per unit of risk. Dunkin Brands Group is currently generating about 0.05 per unit of risk. If you would invest  8,285  in Jack In The Box on July 23, 2019 and sell it today you would earn a total of  352.00  from holding Jack In The Box or generate 4.25% return on investment over 30 days.

Pair Corralation between Jack In and Dunkin Brands

0.48
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Jack In and Dunkin Brands

Jack In The Box Inc diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Jack In The Box 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 Jack In 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 Jack In The Box 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 Jack In i.e. Jack In and Dunkin Brands go up and down completely randomly.
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
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