Credit Suisse Correlations

CSHIX Fund

USD 6.22 0.00 0.00%

The current 90-days correlation between Credit Suisse Floating and Credit Suisse Floating is 0.82 (i.e., Very poor diversification). The correlation of Credit Suisse is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Credit Suisse Correlation With Market

Good diversification

The correlation between Credit Suisse Floating and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Floating and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Suisse Floating. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Credit Mutual Fund

0.99	CHICX	Credit Suisse Floating	Pair Corr
1.0	CHIAX	Credit Suisse Floating	Pair Corr
0.98	CSOAX	Credit Suisse Strategic	Pair Corr
0.94	OOSYX	Oppenheimer Senior	Pair Corr
0.97	OOSIX	Oppenheimer Senior	Pair Corr
0.97	LFRIX	Floating Rate	Pair Corr
0.97	LARCX	Floating Rate	Pair Corr
0.98	LFRRX	Lord Abbett Inv	Pair Corr
0.97	LFRFX	Floating Rate	Pair Corr
0.98	LRRRX	Floating Rate	Pair Corr
0.96	LRRTX	Floating Rate	Pair Corr
0.96	LRRVX	Floating Rate	Pair Corr
0.97	LRRKX	Floating Rate	Pair Corr
0.93	SMPSX	Semiconductor Ultrasector	Pair Corr
0.93	SMPIX	Semiconductor Ultrasector	Pair Corr
0.88	TTEEX	T Rowe Price	Pair Corr
0.88	TREMX	T Rowe Price	Pair Corr
0.91	FELIX	Fidelity Advisor Sem	Pair Corr
0.92	ONERX	One Rock Fund	Pair Corr
0.91	RYVYX	Nasdaq 100 2x	Pair Corr
0.91	RYVLX	Nasdaq 100 2x	Pair Corr
0.91	FSELX	Fidelity Select Semi	Pair Corr
0.87	TEDMX	Templeton Developing	Pair Corr
0.84	HFZCX	Hartford Schroders	Pair Corr
0.81	GFVRX	Goldman Sachs Focused	Pair Corr
0.87	MYIMX	Victory Integrity Mid	Pair Corr
0.86	SSAKX	State Street Target	Pair Corr
0.78	SWSSX	Schwab Small Cap	Pair Corr
0.73	AGLYX	Ariel Global	Pair Corr

Moving against Credit Mutual Fund

0.76	CSQIX	Credit Suisse Multia	Pair Corr
0.76	CSQAX	Credit Suisse Multia	Pair Corr
0.39	CRSAX	Credit Suisse Modity	Pair Corr
0.38	CRSCX	Credit Suisse Modity	Pair Corr
0.36	CCRSX	Commodity Return Strategy	Pair Corr
0.34	CRSOX	Credit Suisse Modity	Pair Corr

Related Correlations Analysis

	CHICX	CRSOX	CRSCX	CRSAX	CSAIX	CSACX	CSAAX	CSHIX	CSOIX	CSOCX
CHICX		-0.3	-0.34	-0.34	-0.06	-0.14	-0.16	0.99	0.95	0.96	CHICX
CRSOX	-0.3		1.0	0.98	0.17	0.21	0.39	-0.34	-0.32	-0.3	CRSOX
CRSCX	-0.34	1.0		0.98	0.17	0.22	0.4	-0.38	-0.36	-0.34	CRSCX
CRSAX	-0.34	0.98	0.98		0.14	0.18	0.34	-0.39	-0.37	-0.34	CRSAX
CSAIX	-0.06	0.17	0.17	0.14		0.99	0.6	-0.07	-0.04	-0.03	CSAIX
CSACX	-0.14	0.21	0.22	0.18	0.99		0.62	-0.16	-0.13	-0.11	CSACX
CSAAX	-0.16	0.39	0.4	0.34	0.6	0.62		-0.19	-0.18	-0.14	CSAAX
CSHIX	0.99	-0.34	-0.38	-0.39	-0.07	-0.16	-0.19		0.96	0.96	CSHIX
CSOIX	0.95	-0.32	-0.36	-0.37	-0.04	-0.13	-0.18	0.96		0.99	CSOIX
CSOCX	0.96	-0.3	-0.34	-0.34	-0.03	-0.11	-0.14	0.96	0.99		CSOCX
	CHICX	CRSOX	CRSCX	CRSAX	CSAIX	CSACX	CSAAX	CSHIX	CSOIX	CSOCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRSCX	+ 1.0	CRSOX
CSHIX	+ 0.99	CHICX
CSACX	+ 0.99	CSAIX
CSOCX	+ 0.99	CSOIX
CRSAX	+ 0.98	CRSOX
CRSAX	+ 0.98	CRSCX

High negative correlations

CSHIX	- 0.39	CRSAX
CSHIX	- 0.38	CRSCX
CSOIX	- 0.37	CRSAX
CSOIX	- 0.36	CRSCX
CSOCX	- 0.34	CRSAX
CSOCX	- 0.34	CRSCX

Risk-Adjusted Indicators

There is a big difference between Credit Mutual Fund performing well and Credit Suisse Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Credit Suisse's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHICX	0.06	0.01	(0.55)	2.98	0.00	(0.25)	0.16	(0.16)	0.80
CRSOX	0.50	0.05	(0.12)	(0.08)	0.71	(0.50)	0.85	(0.80)	4.29
CRSCX	0.50	0.04	(0.12)	(0.06)	0.72	(0.49)	0.85	(0.79)	4.30
CRSAX	0.50	0.03	(0.11)	(0.13)	0.75	(0.48)	0.84	(0.84)	4.47
CSAIX	0.27	(0.03)	(0.26)	(0.05)	0.34	(0.35)	0.54	(0.54)	1.61
CSACX	0.27	(0.03)	0.00	(0.06)	0.00	0.00	0.58	(0.58)	1.60
CSAAX	0.27	(0.01)	(0.25)	(0.18)	0.33	(0.36)	0.54	(0.55)	1.64
CSHIX	0.07	0.01	(0.53)	(1.09)	0.00	(0.27)	0.16	(0.16)	0.81
CSOIX	0.09	0.02	(0.65)	0.39	0.00	(0.21)	0.21	(0.11)	0.97
CSOCX	0.08	0.02	(0.77)	0.53	0.00	(0.19)	0.32	(0.11)	0.65

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