Credit Suisse Correlations
| CSOAX Fund | USD 9.34 0.01 0.11% |
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
Weak diversification
The correlation between Credit Suisse Strategic and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Strategic and DJI in the same portfolio, assuming nothing else is changed.
Credit |
Moving together with Credit Mutual Fund
| 0.64 | VWEAX | Vanguard High Yield | PairCorr |
| 0.65 | VWEHX | Vanguard High Yield | PairCorr |
| 0.7 | BHYCX | Blackrock Hi Yld | PairCorr |
| 0.67 | BHYIX | Blackrock High Yield | PairCorr |
| 0.69 | BHYSX | Blackrock Hi Yld | PairCorr |
| 0.69 | BHYAX | Blackrock High Yield | PairCorr |
| 0.81 | FAHHX | American Funds American | PairCorr |
| 0.81 | FTAHX | American Funds American | PairCorr |
| 0.81 | AHTFX | American High Income | PairCorr |
| 0.85 | AHTCX | American High Income | PairCorr |
Moving against Credit Mutual Fund
| 0.45 | USPIX | Profunds Ultrashort Downward Rally | PairCorr |
| 0.43 | USPSX | Profunds Ultrashort Downward Rally | PairCorr |
| 0.43 | UIPIX | Ultrashort Mid Cap | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XDHYX | 0.17 | (0.06) | 0.00 | (0.29) | 0.00 | 0.47 | 1.42 | |||
| CGDIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CGDCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CGDAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CHICX | 0.06 | (0.01) | (0.16) | (0.17) | 0.05 | 0.16 | 0.65 | |||
| CHIAX | 0.06 | 0.00 | (0.12) | (0.05) | 0.00 | 0.16 | 0.81 | |||
| CHOBX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRCIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRCCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |