Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Floating
CHIAX Fund  USD 6.36  0.01  0.16%   
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

Good diversification

The correlation between Credit Suisse Floating and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Floating 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 Floating. 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

  1.0CHICX Credit Suisse FloatingPairCorr
  0.64CRSOX Credit Suisse ModityPairCorr
  0.62CRSCX Credit Suisse ModityPairCorr
  0.63CRSAX Credit Suisse ModityPairCorr
  0.96CSHIX Credit Suisse FloatingPairCorr
  0.96CSOIX Credit Suisse StrategicPairCorr
  0.92CSOCX Credit Suisse StrategicPairCorr
  0.93CSOAX Credit Suisse StrategicPairCorr
  0.78CSQIX Credit Suisse MultiaPairCorr
  0.79CSQAX Credit Suisse MultiaPairCorr
  0.64CCRSX Commodity Return StrategyPairCorr
  0.64CCRRX Credit Suisse TrustPairCorr
  0.95OOSYX Oppenheimer SeniorPairCorr
  0.95OOSIX Oppenheimer SeniorPairCorr
  0.98LFRIX Floating RatePairCorr
  0.97LARCX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFRFX Floating RatePairCorr
  0.97LRRRX Floating RatePairCorr
  0.98LRRTX Floating RatePairCorr
  0.98LRRVX Floating RatePairCorr
  0.98LRRKX Floating RatePairCorr
  0.86FTCAX Templeton Strained BondPairCorr
  0.94PNDIX Pender Real EstatePairCorr

Moving against Credit Mutual Fund

  0.55CSQCX Credit Suisse MultiaPairCorr
  0.74TCTGX Transamerica CleartrackPairCorr
  0.74TDKTX Cleartrack 2015 ClassPairCorr
  0.74TCTJX Transamerica CleartrackPairCorr
  0.74TCSUX Cleartrack 2020 ClassPairCorr
  0.66USPSX Profunds UltrashortPairCorr
  0.63USPIX Profunds UltrashortPairCorr

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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