Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Modity
CRSCX Fund  USD 20.40  0.03  0.15%   
The current 90-days correlation between Credit Suisse Modity and Fidelity Advisor Health is 0.07 (i.e., Significant 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 Modity and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Modity 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 Modity. 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 main economic indicators.

Moving together with Credit Mutual Fund

  0.65CHICX Credit Suisse FloatingPairCorr
  0.65CHIAX Credit Suisse FloatingPairCorr
  1.0CRSOX Credit Suisse ModityPairCorr
  0.83CRSAX Credit Suisse ModityPairCorr
  0.65CSHIX Credit Suisse FloatingPairCorr
  0.66CSOIX Credit Suisse StrategicPairCorr
  0.66CSOAX Credit Suisse StrategicPairCorr
  1.0CCRSX Commodity Return StrategyPairCorr
  1.0CCRRX Credit Suisse TrustPairCorr
  0.98PCRIX CommodityrealreturnPairCorr
  0.98PCRRX CommodityrealreturnPairCorr
  0.98PCRPX Pimco ModityrealreturnPairCorr
  0.78PCSRX CommodityrealreturnPairCorr
  0.8PCRAX CommodityrealreturnPairCorr
  0.98PCRCX CommodityrealreturnPairCorr
  0.97PCRNX Pimco CommodityrealretPairCorr
  0.92PCLAX Pimco CommoditiesplusPairCorr
  0.91PCPCX Pimco ModitiesplusPairCorr
  0.93PCLNX Pimco CommoditiesplusPairCorr
  0.65FTYPX Fidelity Freedom IndexPairCorr
  0.65FFBTX Fidelity Freedom BlendPairCorr
  0.61GQLOX Gmo Quality FundPairCorr
  0.63GHVIX Gmo High YieldPairCorr
  0.61GMCQX Gmo Equity AllocationPairCorr
  0.64TRRSX Tiaa Cref RealPairCorr
  0.63GAAEX Guinness AtkinsonPairCorr
  0.62REPSX Real Estate UltrasectorPairCorr
  0.62VFINX Vanguard 500 IndexPairCorr

Moving against Credit Mutual Fund

  0.54CSACX Credit Suisse ManagedPairCorr
  0.53CSAIX Credit Suisse ManagedPairCorr
  0.51CSAAX Credit Suisse ManagedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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