Asset Comparison and Correlation

Given investment horizon of 30 days, IberiaBank Corporation is expected to under-perform the Hooker. But the stock apears to be less risky and, when comparing its historical volatility, IberiaBank Corporation is 1.68 times less risky than Hooker. The stock trades about -0.28 of its potential returns per unit of risk. The Hooker Furniture Corporation is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 1,185 in Hooker Furniture Corporation on April 26, 2012 and sell it today you would lose (11.00) from holding Hooker Furniture Corporation or give up 0.93% of portfolio value over 30 days.