Credit Suisse Correlations

CSQAX Fund

USD 8.98 0.03 0.33%

The current 90-days correlation between Credit Suisse Multia and Pace Smallmedium Value is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Credit Suisse Multialternative and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Multialternative 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 Multialternative. 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

0.88

CSQIX

Credit Suisse Multia

Pair Corr

Moving against Credit Mutual Fund

0.47	CHICX	Credit Suisse Floating	Pair Corr
0.46	CRSAX	Credit Suisse Modity	Pair Corr
0.46	CCRSX	Commodity Return Strategy	Pair Corr
0.46	CCRRX	Credit Suisse Trust	Pair Corr
0.45	CHIAX	Credit Suisse Floating	Pair Corr
0.44	CRSOX	Credit Suisse Modity	Pair Corr
0.43	CRSCX	Credit Suisse Modity	Pair Corr
0.43	CSHIX	Credit Suisse Floating	Pair Corr
0.37	CSOIX	Credit Suisse Strategic	Pair Corr
0.36	CSOCX	Credit Suisse Strategic	Pair Corr
0.36	CSOAX	Credit Suisse Strategic	Pair Corr
0.42	FFRHX	Fidelity Advisor Floating	Pair Corr

Related Correlations Analysis

	PCSVX	ABYSX	ARSMX	FISVX	PVCMX	HFMDX	QRSAX	AVCNX
PCSVX		0.98	0.91	0.94	0.67	0.97	0.9	0.91	PCSVX
ABYSX	0.98		0.92	0.97	0.58	0.95	0.91	0.91	ABYSX
ARSMX	0.91	0.92		0.9	0.5	0.88	0.98	0.98	ARSMX
FISVX	0.94	0.97	0.9		0.5	0.88	0.9	0.9	FISVX
PVCMX	0.67	0.58	0.5	0.5		0.7	0.49	0.47	PVCMX
HFMDX	0.97	0.95	0.88	0.88	0.7		0.87	0.87	HFMDX
QRSAX	0.9	0.91	0.98	0.9	0.49	0.87		0.99	QRSAX
AVCNX	0.91	0.91	0.98	0.9	0.47	0.87	0.99		AVCNX
	PCSVX	ABYSX	ARSMX	FISVX	PVCMX	HFMDX	QRSAX	AVCNX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCSVX	0.79	0.00	0.04	0.12	0.66	(0.97)	1.94	(1.27)	5.70
ABYSX	0.82	(0.02)	0.02	0.10	0.82	(1.00)	1.94	(1.80)	5.95
ARSMX	0.73	0.14	0.05	1.16	0.48	(0.96)	1.96	(0.92)	5.55
FISVX	0.95	(0.03)	0.03	0.10	0.85	(1.06)	2.00	(1.67)	8.12
PVCMX	0.13	0.00	(0.59)	0.09	0.03	(0.16)	0.31	(0.31)	0.70
HFMDX	0.93	0.01	0.04	0.13	0.99	(1.07)	2.13	(1.56)	6.45
QRSAX	0.77	0.10	(0.02)	4.87	0.73	(0.90)	1.87	(1.28)	6.37
AVCNX	0.94	0.13	0.03	1.44	0.77	(1.22)	2.13	(1.54)	8.37

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