Correlation Between Credit Suisse and Virtus Sga

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Can any of the company-specific risk be diversified away by investing in both Credit Suisse and Virtus Sga at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Credit Suisse and Virtus Sga into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Credit Suisse Multialternative and Virtus Sga Emerging, you can compare the effects of market volatilities on Credit Suisse and Virtus Sga and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Credit Suisse with a short position of Virtus Sga. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and Virtus Sga.

Diversification Opportunities for Credit Suisse and Virtus Sga

CreditVirtusDiversified AwayCreditVirtusDiversified Away100%
0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Credit and Virtus is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Multialternative and Virtus Sga Emerging in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Virtus Sga Emerging and Credit Suisse is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Credit Suisse Multialternative are associated (or correlated) with Virtus Sga. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Virtus Sga Emerging has no effect on the direction of Credit Suisse i.e., Credit Suisse and Virtus Sga go up and down completely randomly.

Pair Corralation between Credit Suisse and Virtus Sga

If you would invest  859.00  in Credit Suisse Multialternative on November 25, 2024 and sell it today you would earn a total of  14.00  from holding Credit Suisse Multialternative or generate 1.63% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Credit Suisse Multialternative  vs.  Virtus Sga Emerging

 Performance 
JavaScript chart by amCharts 3.21.15Dec2025Feb 01234
JavaScript chart by amCharts 3.21.15CSQAX VAEGX
       Timeline  
Credit Suisse Multia 

Risk-Adjusted Performance

OK

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Credit Suisse Multialternative are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Credit Suisse is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
JavaScript chart by amCharts 3.21.15DecJanFebJanFeb8.48.458.58.558.68.658.78.758.8
Virtus Sga Emerging 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days Virtus Sga Emerging has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical and fundamental indicators, Virtus Sga is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Credit Suisse and Virtus Sga Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15-1.03-0.73-0.43-0.130.0095410.20.50.81.11.4 0.51.01.52.02.53.03.5
JavaScript chart by amCharts 3.21.15CSQAX VAEGX
       Returns  

Pair Trading with Credit Suisse and Virtus Sga

The main advantage of trading using opposite Credit Suisse and Virtus Sga positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, Virtus Sga can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Virtus Sga will offset losses from the drop in Virtus Sga's long position.
The idea behind Credit Suisse Multialternative and Virtus Sga Emerging pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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