Asset Comparison and Correlation

Considering 30-days investment horizon, HCP Inc is expected to generate 1.39 times less return on investment than Encana. But when comparing it to its historical volatility, HCP Inc is 1.71 times less risky than Encana. It trades about 0.17 of its potential returns per unit of risk. Encana Corporation is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  1,849  in Encana Corporation on April 21, 2013 and sell it today you would earn a total of  124.00  from holding Encana Corporation or generate 6.71% return on investment over 30 days.