Asset Comparison and Correlation

Assuming 30 trading days horizon, Canada Composite is expected to generate 0.1 times more return on investment than Rio Novo. However, Canada Composite is 10.48 times less risky than Rio Novo. It trades about 0.36 of its potential returns per unit of risk. Rio Novo Gold Inc is currently generating about -0.11 per unit of risk. If you would invest  1,209,090  in Canada Composite on April 22, 2013 and sell it today you would earn a total of  65,150  from holding Canada Composite or generate 5.39% return on investment over 30 days.