Asset Comparison and Correlation

Considering 30-days investment horizon, Precision Castparts Corp is expected to generate 1.37 times more return on investment than Biocon. However, Precision is 1.37 times more volatile than Biocon Limited. It trades about 0.37 of its potential returns per unit of risk. Biocon Limited is currently generating about -0.05 per unit of risk. If you would invest  18,613  in Precision Castparts Corp on April 20, 2013 and sell it today you would earn a total of  2,687  from holding Precision Castparts Corp or generate 14.44% return on investment over 30 days.