Correlation Between Credit Suisse and Simt Multi-asset
Can any of the company-specific risk be diversified away by investing in both Credit Suisse and Simt Multi-asset 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 Simt Multi-asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Credit Suisse X Links and Simt Multi Asset Capital, you can compare the effects of market volatilities on Credit Suisse and Simt Multi-asset 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 Simt Multi-asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and Simt Multi-asset.
Diversification Opportunities for Credit Suisse and Simt Multi-asset
0.36 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Credit and Simt is 0.36. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse X Links and Simt Multi Asset Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Simt Multi Asset 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 X Links are associated (or correlated) with Simt Multi-asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Simt Multi Asset has no effect on the direction of Credit Suisse i.e., Credit Suisse and Simt Multi-asset go up and down completely randomly.
Pair Corralation between Credit Suisse and Simt Multi-asset
Given the investment horizon of 90 days Credit Suisse X Links is expected to generate 7.71 times more return on investment than Simt Multi-asset. However, Credit Suisse is 7.71 times more volatile than Simt Multi Asset Capital. It trades about 0.09 of its potential returns per unit of risk. Simt Multi Asset Capital is currently generating about 0.31 per unit of risk. If you would invest 4,920 in Credit Suisse X Links on May 30, 2025 and sell it today you would earn a total of 252.00 from holding Credit Suisse X Links or generate 5.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Credit Suisse X Links vs. Simt Multi Asset Capital
Performance |
| Timeline |
| Credit Suisse X |
| Simt Multi Asset |
Credit Suisse and Simt Multi-asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Credit Suisse and Simt Multi-asset
The main advantage of trading using opposite Credit Suisse and Simt Multi-asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, Simt Multi-asset 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 Simt Multi-asset will offset losses from the drop in Simt Multi-asset's long position.| Credit Suisse vs. Credit Suisse X Links | Credit Suisse vs. Credit Suisse X Links | Credit Suisse vs. Global X Russell | Credit Suisse vs. Cornerstone Strategic Value |
| Simt Multi-asset vs. Fm Investments Large | Simt Multi-asset vs. Old Westbury Large | Simt Multi-asset vs. Qs Moderate Growth | Simt Multi-asset vs. T Rowe Price |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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