Asset Comparison and Correlation

Given investment horizon of 30 days, NYSE is expected to generate 1.03 times less return on investment than AEX Amsterda. But when comparing it to its historical volatility, NYSE is 1.05 times less risky than AEX Amsterda. It trades about 0.51 of its potential returns per unit of risk. AEX Amsterdam is currently generating about 0.5 of returns per unit of risk over similar time horizon. If you would invest  35,404  in AEX Amsterdam on April 21, 2013 and sell it today you would earn a total of  1,404  from holding AEX Amsterdam or generate 3.97% return on investment over 30 days.