Yes, this is possible. For example, you have three "Purchase" links in your email content and you want to see which position makes the best conversion. To get this data, simply add the "title" parameter to the URL.

Top Purchase Link:
<a href="http://yourdomain.com/purchase/" title="Top Purchase Link">Purchase</a>

Big Purchase Link:
<a href="http://yourdomain.com/purchase/" title="Big Purchase Link">Purchase</a>

Bottom Purchase Link:
<a href="http://yourdomain.com/purchase/" title="Bottom Purchase Link">Purchase</a>