Considering 30-days investment horizon, LAN Airlines S.A. is expected to under-perform the Alaska. But the stock apears to be less risky and, when comparing its historical volatility, LAN Airlines S.A. is 1.17 times less risky than Alaska. The stock trades about -0.49 of its potential returns per unit of risk. The Alaska Air Group Inc. is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest 3,400 in Alaska Air Group Inc. on April 26, 2012 and sell it today you would lose (4.00) from holding Alaska Air Group Inc. or give up 0.12% of portfolio value over 30 days.
Diversification
Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding LAN Airlines S.A. and Alaska Air Group Inc. in the same portfolio (assuming nothing else is changed)
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