Credit Suisse Correlations

CRSOX Fund

USD 22.67 0.03 0.13%

The current 90-days correlation between Credit Suisse Modity and Credit Suisse Floating is 0.02 (i.e., Significant 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 Modity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Modity 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 Modity. 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 persons.

Moving together with Credit Mutual Fund

1.0	CRSCX	Credit Suisse Modity	Pair Corr
0.93	CRSAX	Credit Suisse Modity	Pair Corr
0.93	CCRSX	Commodity Return Strategy	Pair Corr
0.93	CCRRX	Credit Suisse Trust	Pair Corr
0.98	PCRIX	Commodityrealreturn	Pair Corr
0.93	PCRRX	Commodityrealreturn	Pair Corr
0.98	PCRPX	Pimco Modityrealreturn	Pair Corr
0.92	PCSRX	Commodityrealreturn	Pair Corr
0.98	PCRAX	Commodityrealreturn	Pair Corr
0.98	PCRCX	Commodityrealreturn	Pair Corr
0.93	PCRNX	Pimco Commodityrealret	Pair Corr
0.8	PCLAX	Pimco Commoditiesplus	Pair Corr
0.8	PCPCX	Pimco Commoditiesplus	Pair Corr
0.8	PCLNX	Pimco Commoditiesplus	Pair Corr
0.68	PAHHX	T Rowe Price	Pair Corr
0.71	FEMDX	Franklin Emerging Market	Pair Corr

Moving against Credit Mutual Fund

0.44	CSQIX	Credit Suisse Multia	Pair Corr
0.44	CSQAX	Credit Suisse Multia	Pair Corr
0.8	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	CHIAX	CRSOX	CRSAX	CSAIX	CSHIX	CSOIX	CSOAX	CSQIX	CSQAX	CCRSX
CHIAX		0.42	0.43	-0.78	0.99	0.96	0.97	-0.36	-0.45	0.43	CHIAX
CRSOX	0.42		0.93	-0.13	0.38	0.54	0.51	-0.44	-0.44	0.93	CRSOX
CRSAX	0.43	0.93		-0.17	0.39	0.54	0.52	-0.45	-0.46	1.0	CRSAX
CSAIX	-0.78	-0.13	-0.17		-0.81	-0.69	-0.7	0.4	0.5	-0.17	CSAIX
CSHIX	0.99	0.38	0.39	-0.81		0.95	0.96	-0.34	-0.43	0.39	CSHIX
CSOIX	0.96	0.54	0.54	-0.69	0.95		1.0	-0.33	-0.37	0.54	CSOIX
CSOAX	0.97	0.51	0.52	-0.7	0.96	1.0		-0.33	-0.36	0.52	CSOAX
CSQIX	-0.36	-0.44	-0.45	0.4	-0.34	-0.33	-0.33		0.88	-0.45	CSQIX
CSQAX	-0.45	-0.44	-0.46	0.5	-0.43	-0.37	-0.36	0.88		-0.46	CSQAX
CCRSX	0.43	0.93	1.0	-0.17	0.39	0.54	0.52	-0.45	-0.46		CCRSX
	CHIAX	CRSOX	CRSAX	CSAIX	CSHIX	CSOIX	CSOAX	CSQIX	CSQAX	CCRSX

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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

CCRSX	+ 1.0	CRSAX
CSOAX	+ 1.0	CSOIX
CSHIX	+ 0.99	CHIAX
CSOAX	+ 0.97	CHIAX
CSOIX	+ 0.96	CHIAX
CSOAX	+ 0.96	CSHIX

High negative correlations

CSHIX	- 0.81	CSAIX
CSAIX	- 0.78	CHIAX
CSOAX	- 0.7	CSAIX
CSOIX	- 0.69	CSAIX
CCRSX	- 0.46	CSQAX
CSQAX	- 0.46	CRSAX

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
CHIAX	0.10	0.04	0.00	(0.31)	0.00	0.00	0.48	(0.16)	1.43
CRSOX	0.62	0.07	(0.06)	5.09	0.86	(0.59)	1.30	(1.26)	3.56
CRSAX	0.64	0.05	(0.07)	1.34	0.87	(0.60)	1.29	(1.27)	3.61
CSAIX	0.50	(0.06)	0.00	0.64	0.00	0.00	1.04	(0.99)	3.15
CSHIX	0.11	0.04	(0.31)	(0.31)	0.00	(0.33)	0.48	(0.16)	1.44
CSOIX	0.09	0.03	(0.89)	(1.43)	0.00	(0.19)	0.21	(0.11)	0.85
CSOAX	0.09	0.02	(0.91)	(0.99)	0.00	(0.18)	0.21	(0.11)	0.75
CSQIX	0.20	(0.02)	(0.48)	0.01	0.17	(0.32)	0.44	(0.33)	1.21
CSQAX	0.18	(0.01)	(0.48)	(0.01)	0.16	(0.33)	0.55	(0.44)	1.34
CCRSX	0.64	0.05	(0.07)	1.44	0.85	(0.60)	1.29	(1.32)	3.53

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