Correlation Between Credit Suisse and Ab Select
Can any of the company-specific risk be diversified away by investing in both Credit Suisse and Ab Select 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 Credit Suisse and Ab Select into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Credit Suisse Multialternative and Ab Select Equity, you can compare the effects of market volatilities on Credit Suisse and Ab Select 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 Credit Suisse with a short position of Ab Select. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and Ab Select.
Diversification Opportunities for Credit Suisse and Ab Select
-0.64 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Credit and AUUIX is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Multialternative and Ab Select Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ab Select Equity and Credit Suisse 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 Credit Suisse Multialternative are associated (or correlated) with Ab Select. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ab Select Equity has no effect on the direction of Credit Suisse i.e., Credit Suisse and Ab Select go up and down completely randomly.
Pair Corralation between Credit Suisse and Ab Select
Assuming the 90 days horizon Credit Suisse Multialternative is expected to under-perform the Ab Select. But the mutual fund apears to be less risky and, when comparing its historical volatility, Credit Suisse Multialternative is 2.98 times less risky than Ab Select. The mutual fund trades about -0.04 of its potential returns per unit of risk. The Ab Select Equity is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 2,107 in Ab Select Equity on June 10, 2025 and sell it today you would earn a total of 327.00 from holding Ab Select Equity or generate 15.52% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Credit Suisse Multialternative vs. Ab Select Equity
Performance |
| Timeline |
| Credit Suisse Multia |
| Ab Select Equity |
Credit Suisse and Ab Select Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Credit Suisse and Ab Select
The main advantage of trading using opposite Credit Suisse and Ab Select positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, Ab Select 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 Ab Select will offset losses from the drop in Ab Select's long position.| Credit Suisse vs. The Gold Bullion | Credit Suisse vs. Vy Goldman Sachs | Credit Suisse vs. First Eagle Gold | Credit Suisse vs. Precious Metals And |
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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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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