Asset Comparison and Correlation

Considering 30-days investment horizon, Bank is expected to generate 1.42 times less return on investment than Western. But when comparing it to its historical volatility, Bank of Hawaii Corporation is 1.75 times less risky than Western. It trades about 0.28 of its potential returns per unit of risk. Western Alliance Bancorporation is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest  1,428  in Western Alliance Bancorporation on April 18, 2013 and sell it today you would earn a total of  62.00  from holding Western Alliance Bancorporation or generate 4.34% return on investment over 30 days.