Asset Comparison and Correlation

Allowing for 30-days total investment horizon, AngloGold Ashanti Ltd is expected to under-perform the Pelikan. But the stock apears to be less risky and, when comparing its historical volatility, AngloGold Ashanti Ltd is 4.01 times less risky than Pelikan. The stock trades about -0.14 of its potential returns per unit of risk. The Pelikan Holding AG is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest  1,805  in Pelikan Holding AG on April 20, 2013 and sell it today you would earn a total of  845  from holding Pelikan Holding AG or generate 46.81% return on investment over 30 days.