Credit Suisse Correlations

CSAAX Fund  USD 8.50  0.06  0.71%   
The current 90-days correlation between Credit Suisse Managed and Pimco Trends Managed is 0.62 (i.e., 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

Very weak diversification

The correlation between Credit Suisse Managed and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Managed 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 Managed. 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

  1.0CSAIX Credit Suisse ManagedPairCorr
  1.0CSACX Credit Suisse ManagedPairCorr
  0.71PQTAX Pimco Trends ManagedPairCorr
  0.73PQTNX Pimco Trends ManagedPairCorr
  0.61AHLPX American Beacon AhlPairCorr
  0.87AMFNX Asg Managed FuturesPairCorr
  0.83ABYCX Abbey Capital FuturesPairCorr
  0.82ABYAX Abbey Capital FuturesPairCorr
  0.82ABYIX Abbey Capital FuturesPairCorr
  0.87AMFAX Asg Managed FuturesPairCorr
  0.88ASFYX Asg Managed FuturesPairCorr
  0.84GABFX Gmo Asset AllocationPairCorr

Moving against Credit Mutual Fund

  0.82CHICX Credit Suisse FloatingPairCorr
  0.81CSHIX Credit Suisse FloatingPairCorr
  0.79CHIAX Credit Suisse FloatingPairCorr
  0.7CSOAX Credit Suisse StrategicPairCorr
  0.69CSOIX Credit Suisse StrategicPairCorr
  0.67CSOCX Credit Suisse StrategicPairCorr
  0.71KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.67TEGYX Mid Cap GrowthPairCorr
  0.66VFIAX Vanguard 500 IndexPairCorr
  0.62GMCQX Gmo Equity AllocationPairCorr
  0.6PRWAX T Rowe PricePairCorr
  0.51LMBAX Qs Small CapitalizationPairCorr
  0.47GCAVX Gmo Small CapPairCorr
  0.45STENX Northern LightsPairCorr
  0.33FTYPX Fidelity Freedom IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PQTNXPQTAX
LBHIXMSTSX
ABHYXLBHIX
444859BR2PQTAX
SCAXF444859BR2
444859BR2PQTNX
  
High negative correlations   
VIASPSCAXF
LBHIX444859BR2
MSTSX444859BR2
MSTSXPQTAX
MSTSXPQTNX
MSTSXBRRAY

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PQTAX  0.47 (0.06) 0.00 (0.10) 0.00 
 0.82 
 2.35 
PQTNX  0.47 (0.02) 0.00 (17.95) 0.00 
 0.81 
 2.31 
444859BR2  1.35 (0.09) 0.00 (0.14) 0.00 
 5.93 
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.13) 0.00  0.01  0.00 
 0.00 
 34.02 
MSTSX  0.49 (0.04)(0.13) 0.06  0.52 
 1.21 
 2.80 
LBHIX  0.11  0.01 (0.42) 0.38  0.00 
 0.24 
 0.96 
ABHYX  0.17  0.00 (0.24) 0.19  0.25 
 0.34 
 1.91 
SCAXF  0.70 (0.41) 0.00 (0.98) 0.00 
 0.00 
 23.47 
VIASP  0.74  0.07 (0.04)(2.04) 1.13 
 2.28 
 7.18