Asset Comparison and Correlation

Considering 30-days investment horizon, Encana is expected to generate 8.0 times less return on investment than Sterlite. But when comparing it to its historical volatility, Encana Corporation is 1.56 times less risky than Sterlite. It trades about 0.04 of its potential returns per unit of risk. Sterlite Industries India Ltd is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest  643  in Sterlite Industries India Ltd on April 19, 2013 and sell it today you would earn a total of  64.00  from holding Sterlite Industries India Ltd or generate 9.95% return on investment over 30 days.