Asset Comparison and Correlation

Assuming 30 trading days horizon, Biocon is expected to generate 18.0 times less return on investment than Mobile. But when comparing it to its historical volatility, Biocon Limited is 1.09 times less risky than Mobile. It trades about 0.01 of its potential returns per unit of risk. Mobile Telesystems OJSC is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  1,922  in Mobile Telesystems OJSC on April 19, 2013 and sell it today you would earn a total of  89.00  from holding Mobile Telesystems OJSC or generate 4.63% return on investment over 30 days.