Credit Suisse Correlations

CSOIX Fund

USD 9.50 0.01 0.11%

The current 90-days correlation between Credit Suisse Strategic and Credit Suisse Floating is 0.83 (i.e., Very 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

Significant diversification

The correlation between Credit Suisse Strategic and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Strategic 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 Strategic. 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

0.99	CHICX	Credit Suisse Floating	Pair Corr
0.99	CHIAX	Credit Suisse Floating	Pair Corr
0.62	CSHIX	Credit Suisse Floating	Pair Corr
1.0	CSOCX	Credit Suisse Strategic	Pair Corr
1.0	CSOAX	Credit Suisse Strategic	Pair Corr
0.91	CSQCX	Credit Suisse Multia	Pair Corr
0.68	VWEAX	Vanguard High Yield	Pair Corr
0.63	VWEHX	Vanguard High Yield	Pair Corr
0.67	BHYCX	Blackrock Hi Yld	Pair Corr
0.73	BHYIX	Blackrock High Yield	Pair Corr
0.65	BHYSX	Blackrock Hi Yld	Pair Corr
0.66	BHYAX	Blackrock High Yield	Pair Corr
0.68	FAHHX	American Funds American	Pair Corr
0.68	FTAHX	American Funds American	Pair Corr
0.68	AHTFX	American High Income	Pair Corr
0.65	FRGOX	Franklin Gold Precious	Pair Corr
0.66	TICSX	Touchstone Small Pany	Pair Corr
0.97	RULFX	Rbc Ultra Short	Pair Corr
0.95	FEIPX	Fa529 Eq In	Pair Corr
0.93	RYEUX	Europe 125x Strategy	Pair Corr
0.71	IRGMX	Voya Retirement Moderate	Pair Corr

Moving against Credit Mutual Fund

0.64	CSACX	Credit Suisse Managed	Pair Corr
0.56	CSAIX	Credit Suisse Managed	Pair Corr
0.39	CSQIX	Credit Suisse Multia	Pair Corr

Related Correlations Analysis

	CHICX	CHIAX	CRSOX	CRSCX	CRSAX	CSAIX	CSACX	CSAAX	CSHIX	CSOIX
CHICX		1.0	0.33	0.54	0.37	-0.54	-0.6	-0.3	0.65	0.99	CHICX
CHIAX	1.0		0.33	0.54	0.37	-0.52	-0.59	-0.29	0.66	0.99	CHIAX
CRSOX	0.33	0.33		0.69	1.0	0.08	0.11	-0.19	0.49	0.31	CRSOX
CRSCX	0.54	0.54	0.69		0.74	-0.27	-0.24	-0.24	0.29	0.54	CRSCX
CRSAX	0.37	0.37	1.0	0.74		0.03	0.06	-0.18	0.47	0.36	CRSAX
CSAIX	-0.54	-0.52	0.08	-0.27	0.03		0.89	0.69	-0.12	-0.56	CSAIX
CSACX	-0.6	-0.59	0.11	-0.24	0.06	0.89		0.6	-0.19	-0.64	CSACX
CSAAX	-0.3	-0.29	-0.19	-0.24	-0.18	0.69	0.6		-0.39	-0.3	CSAAX
CSHIX	0.65	0.66	0.49	0.29	0.47	-0.12	-0.19	-0.39		0.62	CSHIX
CSOIX	0.99	0.99	0.31	0.54	0.36	-0.56	-0.64	-0.3	0.62		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
CRSAX	+ 1.0	CRSOX
CSOIX	+ 0.99	CHICX
CSOIX	+ 0.99	CHIAX
CSACX	+ 0.89	CSAIX
CRSAX	+ 0.74	CRSCX

High negative correlations

CSOIX	- 0.64	CSACX
CSACX	- 0.6	CHICX
CSACX	- 0.59	CHIAX
CSOIX	- 0.56	CSAIX
CSAIX	- 0.54	CHICX
CSAIX	- 0.52	CHIAX

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)	2.49	0.00	(0.26)	0.48	(0.16)	0.81
CHIAX	0.11	0.05	0.00	3.18	0.00	0.00	0.33	(0.16)	0.81
CRSOX	0.62	0.08	(0.12)	(0.16)	0.72	(0.67)	1.37	(0.86)	4.41
CRSCX	0.62	0.05	(0.11)	(1.08)	0.73	(0.65)	1.36	(0.91)	4.45
CRSAX	0.61	0.06	(0.13)	(0.13)	0.72	(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	(0.05)	0.00	0.70	0.00	0.00	0.73	(1.12)	3.13
CSAAX	0.41	(0.05)	0.00	0.46	0.00	0.00	0.68	(1.18)	2.42
CSHIX	0.11	0.05	0.00	1.87	0.00	0.00	0.50	(0.16)	0.82
CSOIX	0.12	0.06	(0.52)	8.06	0.00	(0.22)	0.53	(0.11)	0.86

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