Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Managed
CSAAX Fund  USD 7.39  0.01  0.14%   
The current 90-days correlation between Credit Suisse Managed and T Rowe Price is -0.51 (i.e., Excellent 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

Significant diversification

The correlation between Credit Suisse Managed and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Managed 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 Managed. 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

  0.88CSACX Credit Suisse ManagedPairCorr
  0.75AMFNX Asg Managed FuturesPairCorr
  0.78ABYAX Abbey Capital FuturesPairCorr
  0.79ABYIX Abbey Capital FuturesPairCorr
  0.78ABYCX Abbey Capital FuturesPairCorr
  0.75AMFAX Asg Managed FuturesPairCorr
  0.72ASFCX Asg Managed FuturesPairCorr

Moving against Credit Mutual Fund

  0.68CSQCX Credit Suisse MultiaPairCorr
  0.6CSOIX Credit Suisse StrategicPairCorr
  0.6CSOAX Credit Suisse StrategicPairCorr
  0.59CSOCX Credit Suisse StrategicPairCorr
  0.57CSHIX Credit Suisse FloatingPairCorr
  0.56CHICX Credit Suisse FloatingPairCorr
  0.55CHIAX Credit Suisse FloatingPairCorr
  0.75PCF Putnam High IncomePairCorr
  0.71CIF Mfs Intermediate HighPairCorr
  0.69PWJZX Prudential JennisonPairCorr
  0.68FKHEMX FkhemxPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.66CGFCX Growth FundPairCorr
  0.65MMEAX Victory IntegrityPairCorr
  0.64RNGGX New Economy FundPairCorr
  0.62AMRMX American MutualPairCorr
  0.61RLBCX American BalancedPairCorr
  0.58NXJ Nuveen New JerseyPairCorr
  0.56PFN Pimco Income StrategyPairCorr
  0.46XNXJX Nuveen New JerseyPairCorr

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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