Correlation Between Credit Suisse and Msift High
Can any of the company-specific risk be diversified away by investing in both Credit Suisse and Msift High 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 Msift High 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 Msift High Yield, you can compare the effects of market volatilities on Credit Suisse and Msift High 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 Msift High. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and Msift High.
Diversification Opportunities for Credit Suisse and Msift High
-0.71 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Credit and Msift is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Multialternative and Msift High Yield in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Msift High Yield 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 Msift High. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Msift High Yield has no effect on the direction of Credit Suisse i.e., Credit Suisse and Msift High go up and down completely randomly.
Pair Corralation between Credit Suisse and Msift High
Assuming the 90 days horizon Credit Suisse Multialternative is expected to under-perform the Msift High. In addition to that, Credit Suisse is 3.79 times more volatile than Msift High Yield. It trades about -0.05 of its total potential returns per unit of risk. Msift High Yield is currently generating about 0.48 per unit of volatility. If you would invest 835.00 in Msift High Yield on June 3, 2025 and sell it today you would earn a total of 30.00 from holding Msift High Yield or generate 3.59% 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. Msift High Yield
Performance |
| Timeline |
| Credit Suisse Multia |
| Msift High Yield |
Credit Suisse and Msift High Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Credit Suisse and Msift High
The main advantage of trading using opposite Credit Suisse and Msift High positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, Msift High 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 Msift High will offset losses from the drop in Msift High's long position.| Credit Suisse vs. Ab Select Equity | Credit Suisse vs. Fa 529 Aggressive | Credit Suisse vs. Balanced Fund Retail | Credit Suisse vs. Abs Insights Emerging |
| Msift High vs. Emerging Markets Equity | Msift High vs. Global Fixed Income | Msift High vs. Global Fixed Income | Msift High vs. Global Fixed Income |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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