Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Multialternative
CSQCX Fund  USD 9.65  0.09  0.92%   
The current 90-days correlation between Credit Suisse Multia and Payden High Income is 0.46 (i.e., Very weak 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

Almost no diversification

The correlation between Credit Suisse Multialternative and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Multialternative 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 Multialternative. 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

  0.93CHICX Credit Suisse FloatingPairCorr
  0.94CHIAX Credit Suisse FloatingPairCorr
  0.94CSHIX Credit Suisse FloatingPairCorr
  0.94CSOIX Credit Suisse StrategicPairCorr
  0.94CSOCX Credit Suisse StrategicPairCorr
  0.94CSOAX Credit Suisse StrategicPairCorr
  0.97FSWFX American Funds SmallcapPairCorr
  0.97FSFWX American Funds SmallcapPairCorr
  0.97SCWCX American Fds SmallcapPairCorr
  0.97SCWFX Smallcap WorldPairCorr
  0.97SMCWX Smallcap WorldPairCorr
  0.97CSPFX Smallcap WorldPairCorr
  0.97CSPAX Smallcap WorldPairCorr
  0.97CSPEX Smallcap WorldPairCorr
  0.97RSLCX Smallcap WorldPairCorr
  0.97RLLGX Smallcap WorldPairCorr
  0.83NHS Neuberger Berman HighPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.98MSQLX International EquityPairCorr
  0.98FSDIX Fidelity StrategicPairCorr
  0.89PUDCX Prudential Real AssetsPairCorr
  0.9XHYIX Western Asset HighPairCorr
  0.97PPNMX Smallcap GrowthPairCorr
  0.84TRREX T Rowe PricePairCorr
  0.89TEDTX Tiaa Cref EmergingPairCorr
  0.79FMFIX Free Market FixedPairCorr
  0.96MITTX Massachusetts InvestorsPairCorr

Moving against Credit Mutual Fund

  0.8CSACX Credit Suisse ManagedPairCorr
  0.8CSAAX Credit Suisse ManagedPairCorr
  0.79CSAIX 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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