Asset Comparison and Correlation

Considering 30-days investment horizon, Abbott is expected to generate 4.39 times less return on investment than BristolMyers. But when comparing it to its historical volatility, Abbott Laboratories is 1.52 times less risky than BristolMyers. It trades about 0.14 of its potential returns per unit of risk. BristolMyers Squibb Company is currently generating about 0.41 of returns per unit of risk over similar time horizon. If you would invest  3,991  in BristolMyers Squibb Company on April 26, 2013 and sell it today you would earn a total of  749  from holding BristolMyers Squibb Company or generate 18.77% return on investment over 30 days.