Asset Comparison and Correlation

Assuming 30 trading days horizon, SP 500 is expected to generate 2.75 times less return on investment than Waste. But when comparing it to its historical volatility, S&P 500 is 2.11 times less risky than Waste. It trades about 0.35 of its potential returns per unit of risk. Waste Connections Inc is currently generating about 0.46 of returns per unit of risk over similar time horizon. If you would invest  3,763  in Waste Connections Inc on April 24, 2013 and sell it today you would earn a total of  307.00  from holding Waste Connections Inc or generate 8.16% return on investment over 30 days.