Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Floating
CSHIX Fund  USD 6.33  0.01  0.16%   
The current 90-days correlation between Credit Suisse Floating and Morningstar Defensive Bond 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 Floating and DJI is 0.08 (i.e., Significant 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 gross domestic product.

Moving together with Credit Mutual Fund

  0.99CHICX Credit Suisse FloatingPairCorr
  0.96CHIAX Credit Suisse FloatingPairCorr
  0.97CSOIX Credit Suisse StrategicPairCorr
  0.93CSOCX Credit Suisse StrategicPairCorr
  0.96CSOAX Credit Suisse StrategicPairCorr
  0.77CSQIX Credit Suisse MultiaPairCorr
  0.78CSQAX Credit Suisse MultiaPairCorr
  0.92OOSYX Oppenheimer SeniorPairCorr
  0.92OOSIX Oppenheimer SeniorPairCorr
  0.98LFRIX Floating RatePairCorr
  0.97LARCX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.97LFRFX Floating RatePairCorr
  0.97LRRRX Floating RatePairCorr
  0.98LRRTX Floating RatePairCorr
  0.96LRRVX Floating RatePairCorr
  0.95LRRKX Floating RatePairCorr
  0.91QLENX Aqr Long ShortPairCorr
  0.71JACLX John Hancock MidPairCorr
  0.81BXSL Blackstone SecuredPairCorr

Moving against Credit Mutual Fund

  0.52CSQCX Credit Suisse MultiaPairCorr
  0.74CIFRX Columbia Porate IncomePairCorr

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   
DSDYX
+ 0.93
DHGCX
DSDYX
+ 0.84
MSTBX
AAEZX
+ 0.81
DHGCX
DHGCX
+ 0.74
MSTBX
DSDYX
+ 0.7
AAEZX
SGYAX
+ 0.67
MSTBX
  
High negative correlations   
SGYAX
- 0.16
MWCSX
ABNTX
- 0.0
SGYAX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY