Asset Comparison and Correlation

Given investment horizon of 30 days, Hang is expected to generate 1.1 times less return on investment than Industrial. But when comparing it to its historical volatility, Hang Seng is 1.48 times less risky than Industrial. It trades about 0.11 of its potential returns per unit of risk. Industrial and Commercial Bank of China Limited is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  537  in Industrial and Commercial Bank of China Limited on April 24, 2013 and sell it today you would earn a total of  1.00  from holding Industrial and Commercial Bank of China Limited or generate 0.19% return on investment over 30 days.