Correlation Between Calvert Global and Credit Suisse
Can any of the company-specific risk be diversified away by investing in both Calvert Global and Credit Suisse at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Calvert Global and Credit Suisse into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calvert Global Energy and Credit Suisse Floating, you can compare the effects of market volatilities on Calvert Global and Credit Suisse and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Calvert Global with a short position of Credit Suisse. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calvert Global and Credit Suisse.
Diversification Opportunities for Calvert Global and Credit Suisse
0.92 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Calvert and Credit is 0.92. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Energy and Credit Suisse Floating in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Credit Suisse Floating and Calvert Global is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Calvert Global Energy are associated (or correlated) with Credit Suisse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Credit Suisse Floating has no effect on the direction of Calvert Global i.e., Calvert Global and Credit Suisse go up and down completely randomly.
Pair Corralation between Calvert Global and Credit Suisse
Assuming the 90 days horizon Calvert Global Energy is expected to generate 4.9 times more return on investment than Credit Suisse. However, Calvert Global is 4.9 times more volatile than Credit Suisse Floating. It trades about 0.3 of its potential returns per unit of risk. Credit Suisse Floating is currently generating about 0.23 per unit of risk. If you would invest 1,136 in Calvert Global Energy on May 22, 2025 and sell it today you would earn a total of 173.00 from holding Calvert Global Energy or generate 15.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Calvert Global Energy vs. Credit Suisse Floating
Performance |
| Timeline |
| Calvert Global Energy |
| Credit Suisse Floating |
Calvert Global and Credit Suisse Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calvert Global and Credit Suisse
The main advantage of trading using opposite Calvert Global and Credit Suisse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calvert Global position performs unexpectedly, Credit Suisse can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Credit Suisse will offset losses from the drop in Credit Suisse's long position.| Calvert Global vs. Prudential Health Sciences | Calvert Global vs. Eventide Healthcare Life | Calvert Global vs. Putnam Global Health | Calvert Global vs. Delaware Healthcare Fund |
| Credit Suisse vs. Rbc Funds Trust | Credit Suisse vs. Doubleline Emerging Markets | Credit Suisse vs. Franklin Government Money | Credit Suisse vs. John Hancock Money |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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