Asset Comparison and Correlation

Assuming 30 trading days horizon, SP 500 is expected to generate 1.1 times less return on investment than Celgene. But when comparing it to its historical volatility, S&P 500 is 3.0 times less risky than Celgene. It trades about 0.35 of its potential returns per unit of risk. Celgene Corporation is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  11,795  in Celgene Corporation on April 24, 2013 and sell it today you would earn a total of  569  from holding Celgene Corporation or generate 4.82% return on investment over 30 days.