Asset Comparison and Correlation

Considering 30-days investment horizon, Precision is expected to generate 1.41 times less return on investment than Eagle. But when comparing it to its historical volatility, Precision Drilling Corporation is 1.06 times less risky than Eagle. It trades about 0.23 of its potential returns per unit of risk. Eagle Materials Inc is currently generating about 0.31 of returns per unit of risk over similar time horizon. If you would invest  6,662  in Eagle Materials Inc on April 23, 2013 and sell it today you would earn a total of  766  from holding Eagle Materials Inc or generate 11.5% return on investment over 30 days.