Credit Suisse Correlations

CSQAX Fund

USD 8.64 0.04 0.47%

The current 90-days correlation between Credit Suisse Multia and T Rowe Price is 0.13 (i.e., Average 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 Multialternative and DJI is 0.49 (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 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

0.79	CSQIX	Credit Suisse Multia	Pair Corr
0.67	DIAMX	Diamond Hill Long	Pair Corr

Moving against Credit Mutual Fund

0.55	TCTGX	Transamerica Cleartrack	Pair Corr
0.55	TDKTX	Cleartrack 2015 Class	Pair Corr
0.55	TCTJX	Transamerica Cleartrack	Pair Corr
0.5	TCSUX	Cleartrack 2020 Class	Pair Corr
0.49	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	REMVX	ANGCX	RYMBX	BOGSX	QLMETX	TMSRX
REMVX		0.84	0.9	0.72	-0.43	-0.11	REMVX
ANGCX	0.84		0.67	0.57	-0.53	0.05	ANGCX
RYMBX	0.9	0.67		0.64	-0.18	-0.34	RYMBX
BOGSX	0.72	0.57	0.64		-0.46	0.23	BOGSX
QLMETX	-0.43	-0.53	-0.18	-0.46		-0.26	QLMETX
TMSRX	-0.11	0.05	-0.34	0.23	-0.26		TMSRX
	REMVX	ANGCX	RYMBX	BOGSX	QLMETX	TMSRX

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

RYMBX	+ 0.9	REMVX
ANGCX	+ 0.84	REMVX
BOGSX	+ 0.72	REMVX
RYMBX	+ 0.67	ANGCX
BOGSX	+ 0.64	RYMBX
BOGSX	+ 0.57	ANGCX

High negative correlations

QLMETX	- 0.53	ANGCX
QLMETX	- 0.46	BOGSX
QLMETX	- 0.43	REMVX
TMSRX	- 0.34	RYMBX
TMSRX	- 0.26	QLMETX
QLMETX	- 0.18	RYMBX

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
REMVX	0.60	0.21	0.27	1.77	0.27	(0.79)	1.47	(0.84)	3.28
ANGCX	0.08	0.00	(0.17)	0.00	0.00	(0.17)	0.23	(0.12)	0.59
RYMBX	0.92	0.09	0.05	3.11	1.02	(1.08)	1.82	(1.59)	6.05
BOGSX	1.12	(0.09)	0.00	(0.04)	0.00	0.00	2.17	(2.68)	5.97
QLMETX	0.66	(0.09)	0.00	(0.34)	0.00	0.00	0.93	(1.11)	12.98
TMSRX	0.12	(0.03)	0.00	(0.28)	0.00	0.00	0.23	(0.34)	2.16

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