Correlation Between IMBLN and Dine Brands
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By analyzing existing cross correlation between IMBLN 35 26 JUL 26 and Dine Brands Global, you can compare the effects of market volatilities on IMBLN and Dine 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 IMBLN with a short position of Dine Brands. Check out your portfolio center. Please also check ongoing floating volatility patterns of IMBLN and Dine Brands.
Diversification Opportunities for IMBLN and Dine Brands
-0.2 | Correlation Coefficient |
Good diversification
The 3 months correlation between IMBLN and Dine is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding IMBLN 35 26 JUL 26 and Dine Brands Global in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dine Brands Global and IMBLN 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 IMBLN 35 26 JUL 26 are associated (or correlated) with Dine Brands. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dine Brands Global has no effect on the direction of IMBLN i.e., IMBLN and Dine Brands go up and down completely randomly.
Pair Corralation between IMBLN and Dine Brands
Assuming the 90 days trading horizon IMBLN 35 26 JUL 26 is expected to generate 0.03 times more return on investment than Dine Brands. However, IMBLN 35 26 JUL 26 is 31.16 times less risky than Dine Brands. It trades about 0.29 of its potential returns per unit of risk. Dine Brands Global is currently generating about -0.46 per unit of risk. If you would invest 9,806 in IMBLN 35 26 JUL 26 on November 28, 2024 and sell it today you would earn a total of 20.00 from holding IMBLN 35 26 JUL 26 or generate 0.2% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 45.45% |
| Values | Daily Returns |
IMBLN 35 26 JUL 26 vs. Dine Brands Global
Performance |
| Timeline |
| IMBLN 35 26 |
| Dine Brands Global |
IMBLN and Dine Brands Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IMBLN and Dine Brands
The main advantage of trading using opposite IMBLN and Dine Brands positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IMBLN position performs unexpectedly, Dine Brands can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dine Brands will offset losses from the drop in Dine Brands' long position.| IMBLN vs. AEP TEX INC | IMBLN vs. KORE Mining | IMBLN vs. iShares Global Consumer | IMBLN vs. Exxon Mobil Corp |
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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