Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Floating
CHIAX Fund  USD 6.28  0.01  0.16%   
The current 90-days correlation between Credit Suisse Floating and American Funds Conservative is 0.6 (i.e., 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

Average diversification

The correlation between Credit Suisse Floating and DJI is 0.14 (i.e., Average 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 nation.

Moving together with Credit Mutual Fund

  1.0CHICX Credit Suisse FloatingPairCorr
  0.67CRSOX Credit Suisse ModityPairCorr
  0.65CRSCX Credit Suisse ModityPairCorr
  0.64CRSAX Credit Suisse ModityPairCorr
  1.0CSHIX Credit Suisse FloatingPairCorr
  0.98CSOIX Credit Suisse StrategicPairCorr
  0.99CSOCX Credit Suisse StrategicPairCorr
  0.98CSOAX Credit Suisse StrategicPairCorr
  0.91CSQCX Credit Suisse MultiaPairCorr
  0.66CCRSX Commodity Return StrategyPairCorr
  0.66CCRRX Credit Suisse TrustPairCorr
  0.97OOSYX Oppenheimer SeniorPairCorr
  0.98OOSIX Oppenheimer SeniorPairCorr
  0.98LFRIX Floating RatePairCorr
  0.99LARCX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFRFX Floating RatePairCorr
  0.99LRRRX Floating RatePairCorr
  0.98LRRTX Floating RatePairCorr
  0.98LRRVX Floating RatePairCorr
  0.98LRRKX Floating RatePairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.94VTSNX Vanguard Total InterPairCorr
  0.94VTPSX Vanguard Total InterPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.89ACP Aberdeen Income CreditPairCorr
  0.93SSTFX Virtus Kar CapitalPairCorr
  0.97LGRFX Lord Abbett InvestmentPairCorr

Moving against Credit Mutual Fund

  0.69CSACX Credit Suisse ManagedPairCorr
  0.67CSAIX Credit Suisse ManagedPairCorr
  0.66CSAAX Credit Suisse ManagedPairCorr

Related Correlations Analysis

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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.

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