Credit Suisse Correlations

CRSOX Fund  USD 23.60  0.02  0.08%   
The current 90-days correlation between Credit Suisse Modity and Fidelity Advisor Gold is 0.5 (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

Significant diversification

The correlation between Credit Suisse Modity and DJI is 0.02 (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 various price indices.

Moving together with Credit Mutual Fund

  0.99PCRIX CommodityrealreturnPairCorr
  0.99PCRRX CommodityrealreturnPairCorr
  0.99PCRPX Pimco ModityrealreturnPairCorr
  0.99PCSRX CommodityrealreturnPairCorr
  0.99PCRAX CommodityrealreturnPairCorr
  0.99PCRCX CommodityrealreturnPairCorr
  0.99PCRNX Pimco CommodityrealretPairCorr
  0.98PCLAX Pimco CommoditiesplusPairCorr
  0.98PCPCX Pimco CommoditiesplusPairCorr
  0.98PCLNX Pimco CommoditiesplusPairCorr
  0.67CSCO Cisco SystemsPairCorr

Moving against Credit Mutual Fund

  0.51MGGAX Mirova Global GreenPairCorr
  0.5MGGYX Mirova Global GreenPairCorr
  0.63MCD McDonalds Earnings Call This WeekPairCorr
  0.6HPQ HP IncPairCorr
  0.52PG Procter GamblePairCorr
  0.49AA Alcoa CorpPairCorr
  0.44TRV The Travelers CompaniesPairCorr
  0.43VZ Verizon CommunicationsPairCorr
  0.41INTC IntelPairCorr

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.