Asset Comparison and Correlation

Given investment horizon of 30 days, SkyWest Inc. is expected to under-perform the Great. But the stock apears to be less risky and, when comparing its historical volatility, SkyWest Inc. is 1.92 times less risky than Great. The stock trades about -0.27 of its potential returns per unit of risk. The Great Lakes Aviation Ltd. is currently generating about -0.04 of returns per unit of risk over similar time horizon. If you would invest 139.00 in Great Lakes Aviation Ltd. on April 26, 2012 and sell it today you would lose (9.00) from holding Great Lakes Aviation Ltd. or give up 6.47% of portfolio value over 30 days.