Asset Comparison and Correlation

Considering 30-days investment horizon, Tiffany is expected to generate 1.05 times less return on investment than Cognizant. But when comparing it to its historical volatility, Tiffany Co is 3.17 times less risky than Cognizant. It trades about 0.26 of its potential returns per unit of risk. Cognizant Technology Solutions Corporation is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  6,196  in Cognizant Technology Solutions Corporation on April 25, 2013 and sell it today you would earn a total of  181.00  from holding Cognizant Technology Solutions Corporation or generate 2.92% return on investment over 30 days.