Asset Comparison and Correlation

Assuming 30 trading days horizon, Bovespa is expected to generate 2.59 times less return on investment than Banco. But when comparing it to its historical volatility, Bovespa is 1.43 times less risky than Banco. It trades about 0.19 of its potential returns per unit of risk. Banco Bradesco SA is currently generating about 0.34 of returns per unit of risk over similar time horizon. If you would invest  3,269  in Banco Bradesco SA on April 22, 2013 and sell it today you would earn a total of  20.00  from holding Banco Bradesco SA or generate 0.61% return on investment over 30 days.