Considering 30-days investment horizon, Windstream Corporation is expected to under-perform the Equinix. In addition to that, Windstream is 1.03 times more volatile than Equinix Inc.. It trades about -0.31 of its total potential returns per unit of risk. Equinix Inc. is currently generating about -0.12 per unit of volatility. If you would invest 16,918 in Equinix Inc. on April 26, 2012 and sell it today you would lose (1,126) from holding Equinix Inc. or give up 6.66% of portfolio value over 30 days.
Diversification
Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Windstream Corp. and Equinix Inc. in the same portfolio (assuming nothing else is changed)