Asset Comparison and Correlation

Given investment horizon of 30 days, CTC Media Inc is expected to under-perform the Nexstar. But the stock apears to be less risky and, when comparing its historical volatility, CTC Media Inc is 1.59 times less risky than Nexstar. The stock trades about -0.03 of its potential returns per unit of risk. The Nexstar Broadcasting Group Inc is currently generating about 0.26 of returns per unit of risk over similar time horizon. If you would invest  2,245  in Nexstar Broadcasting Group Inc on April 23, 2013 and sell it today you would earn a total of  464.00  from holding Nexstar Broadcasting Group Inc or generate 20.67% return on investment over 30 days.