Credit Suisse Correlations

CSAIX Fund

USD 7.44 0.03 0.40%

The current 90-days correlation between Credit Suisse Managed and Credit Suisse Floating is -0.15 (i.e., Good 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 0.05 (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 gross domestic product.

Moving together with Credit Mutual Fund

0.89	CSACX	Credit Suisse Managed	Pair Corr
1.0	CSAAX	Credit Suisse Managed	Pair Corr
0.61	PQTAX	Pimco Trends Managed	Pair Corr
0.74	AMFNX	Asg Managed Futures	Pair Corr
0.76	ABYAX	Abbey Capital Futures	Pair Corr
0.77	ABYIX	Abbey Capital Futures	Pair Corr
0.77	ABYCX	Abbey Capital Futures	Pair Corr
0.74	AMFAX	Asg Managed Futures	Pair Corr
0.71	ASFCX	Asg Managed Futures	Pair Corr

Moving against Credit Mutual Fund

0.67	CSQCX	Credit Suisse Multia	Pair Corr
0.57	CSOIX	Credit Suisse Strategic	Pair Corr
0.57	CSOAX	Credit Suisse Strategic	Pair Corr
0.56	CSOCX	Credit Suisse Strategic	Pair Corr
0.55	CSHIX	Credit Suisse Floating	Pair Corr
0.54	CHICX	Credit Suisse Floating	Pair Corr
0.53	CHIAX	Credit Suisse Floating	Pair Corr
0.73	PCF	Putnam High Income	Pair Corr
0.7	CIF	Mfs Intermediate High	Pair Corr
0.68	PWJZX	Prudential Jennison	Pair Corr
0.66	FKHEMX	Fkhemx	Pair Corr
0.65	FRLPX	Fidelity Freedom Index	Pair Corr
0.64	VTSAX	Vanguard Total Stock	Pair Corr
0.63	MMEAX	Victory Integrity	Pair Corr
0.63	CGFCX	Growth Fund	Pair Corr
0.61	RNGGX	New Economy Fund	Pair Corr
0.6	AMRMX	American Mutual	Pair Corr
0.58	RLBCX	American Balanced	Pair Corr
0.57	NXJ	Nuveen New Jersey	Pair Corr
0.54	PFN	Pimco Income Strategy	Pair Corr
0.48	XNXJX	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	CHICX	CHIAX	CRSOX	CRSCX	CRSAX	CSAIX	CSACX	CSAAX	CSHIX	CSOIX
CHICX		1.0	0.56	0.54	0.53	-0.54	-0.53	-0.56	1.0	0.99	CHICX
CHIAX	1.0		0.56	0.54	0.53	-0.53	-0.52	-0.55	1.0	0.99	CHIAX
CRSOX	0.56	0.56		1.0	0.86	-0.2	-0.28	-0.21	0.56	0.57	CRSOX
CRSCX	0.54	0.54	1.0		0.85	-0.19	-0.26	-0.2	0.54	0.54	CRSCX
CRSAX	0.53	0.53	0.86	0.85		-0.28	-0.36	-0.29	0.51	0.53	CRSAX
CSAIX	-0.54	-0.53	-0.2	-0.19	-0.28		0.89	1.0	-0.55	-0.57	CSAIX
CSACX	-0.53	-0.52	-0.28	-0.26	-0.36	0.89		0.88	-0.54	-0.56	CSACX
CSAAX	-0.56	-0.55	-0.21	-0.2	-0.29	1.0	0.88		-0.57	-0.6	CSAAX
CSHIX	1.0	1.0	0.56	0.54	0.51	-0.55	-0.54	-0.57		0.99	CSHIX
CSOIX	0.99	0.99	0.57	0.54	0.53	-0.57	-0.56	-0.6	0.99		CSOIX
	CHICX	CHIAX	CRSOX	CRSCX	CRSAX	CSAIX	CSACX	CSAAX	CSHIX	CSOIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CHIAX	+ 1.0	CHICX
CSHIX	+ 1.0	CHICX
CSHIX	+ 1.0	CHIAX
CRSCX	+ 1.0	CRSOX
CSAAX	+ 1.0	CSAIX
CSOIX	+ 0.99	CHICX

High negative correlations

CSOIX	- 0.6	CSAAX
CSHIX	- 0.57	CSAAX
CSOIX	- 0.57	CSAIX
CSOIX	- 0.56	CSACX
CSAAX	- 0.56	CHICX
CSHIX	- 0.55	CSAIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHICX	0.11	0.05	(0.46)	6.35	0.00	(0.26)	0.48	(0.16)	0.81
CHIAX	0.11	0.05	0.00	4.91	0.00	0.00	0.33	(0.16)	0.81
CRSOX	0.62	0.09	(0.10)	(0.24)	0.70	(0.67)	1.37	(0.86)	4.41
CRSCX	0.62	0.09	(0.09)	(0.23)	0.73	(0.65)	1.36	(0.91)	4.45
CRSAX	0.62	0.05	(0.12)	(1.19)	0.70	(0.67)	1.39	(0.89)	4.43
CSAIX	0.43	(0.06)	0.00	(1.65)	0.00	0.00	0.68	(1.08)	3.04
CSACX	0.43	(0.02)	0.00	0.21	0.00	0.00	0.73	(1.12)	3.13
CSAAX	0.43	(0.06)	0.00	(1.25)	0.00	0.00	0.82	(1.18)	3.06
CSHIX	0.12	0.05	0.00	3.86	0.00	0.00	0.50	(0.16)	0.82
CSOIX	0.12	0.06	(0.54)	(17.24)	0.00	(0.23)	0.53	(0.11)	0.86

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