Correlation Analysis Between Jack In and FAT Brands

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

Comparative Performance

Jack In The  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Jack In The Box are ranked lower than 2 (%) 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.
FAT Brands  
00

Risk-Adjusted Performance

Over the last 30 days FAT Brands has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's essential indicators remain unchanging and the late uproar on Wall Street may also be a sign of mid-term gains for the firm leadership.

Jack In and FAT Brands Volatility Contrast

 Predicted Return Density 
      Returns 

Jack In The Box Inc  vs.  FAT Brands Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Jack In The Box is expected to generate 1.14 times more return on investment than FAT Brands. However, Jack In is 1.14 times more volatile than FAT Brands. It trades about 0.04 of its potential returns per unit of risk. FAT Brands is currently generating about -0.07 per unit of risk. If you would invest  8,508  in Jack In The Box on July 21, 2019 and sell it today you would earn a total of  261.00  from holding Jack In The Box or generate 3.07% return on investment over 30 days.

Pair Corralation between Jack In and FAT Brands

-0.27
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy79.63%
ValuesDaily Returns

Diversification Opportunities for Jack In and FAT Brands

Jack In The Box Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Jack In The Box Inc and FAT Brands Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FAT Brands 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 FAT Brands. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FAT Brands has no effect on the direction of Jack In i.e. Jack In and FAT Brands go up and down completely randomly.
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