Credit Suisse Correlations

CSQAX Fund

USD 8.48 0.03 0.35%

The current 90-days correlation between Credit Suisse Multia and Credit Suisse Floating 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

Average diversification

The correlation between Credit Suisse Multialternative and DJI is 0.1 (i.e., Average 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

1.0

CSQIX

Credit Suisse Multia

Pair Corr

Moving against Credit Mutual Fund

0.51	CSHIX	Credit Suisse Floating	Pair Corr
0.5	CHICX	Credit Suisse Floating	Pair Corr
0.5	CHIAX	Credit Suisse Floating	Pair Corr
0.49	CSOIX	Credit Suisse Strategic	Pair Corr
0.48	CSOCX	Credit Suisse Strategic	Pair Corr
0.48	CSOAX	Credit Suisse Strategic	Pair Corr
0.36	CCRSX	Commodity Return Strategy	Pair Corr
0.36	CCRRX	Credit Suisse Trust	Pair Corr
0.35	CSQCX	Credit Suisse Multia	Pair Corr
0.31	CRSOX	Credit Suisse Modity	Pair Corr
0.31	CRSCX	Credit Suisse Modity	Pair Corr
0.31	CRSAX	Credit Suisse Modity	Pair Corr
0.46	GWPCX	American Funds Growth	Pair Corr
0.45	GARTX	Goldman Sachs Absolute	Pair Corr
0.45	GCRTX	Goldman Sachs Absolute	Pair Corr
0.45	FDAAX	Franklin Floating Rate	Pair Corr
0.45	SDYAX	Simt Dynamic Asset	Pair Corr
0.43	NHS	Neuberger Berman High	Pair Corr
0.42	BXMIX	Blackstone Alternative	Pair Corr
0.42	PDIAX	Virtus Rampart Enhanced	Pair Corr
0.42	HBADX	Hartford Moderate	Pair Corr
0.41	BXMYX	Blackstone Alternative	Pair Corr
0.41	BXMDX	Blackstone Alternative	Pair Corr
0.41	NWKEX	Nationwide Highmark Small	Pair Corr
0.4	IOBAX	Icon Bond Fund	Pair Corr
0.38	PCLAX	Pimco Commoditiesplus	Pair Corr
0.36	MGQAX	Global Quality Portfolio	Pair Corr
0.35	MPIBX	Bny Mellon Intermediate	Pair Corr
0.32	RPNIX	Riverpark/next Century	Pair Corr

Related Correlations Analysis

	CHICX	CHIAX	CRSOX	CRSCX	CRSAX	CSAIX	CSAAX	CSHIX	CSOCX	CSQIX
CHICX		1.0	0.54	0.52	0.53	-0.5	-0.53	1.0	0.99	-0.46	CHICX
CHIAX	1.0		0.53	0.52	0.53	-0.48	-0.51	1.0	0.99	-0.46	CHIAX
CRSOX	0.54	0.53		1.0	1.0	-0.25	-0.27	0.52	0.52	-0.3	CRSOX
CRSCX	0.52	0.52	1.0		1.0	-0.24	-0.25	0.5	0.5	-0.3	CRSCX
CRSAX	0.53	0.53	1.0	1.0		-0.25	-0.26	0.52	0.52	-0.3	CRSAX
CSAIX	-0.5	-0.48	-0.25	-0.24	-0.25		1.0	-0.51	-0.53	0.29	CSAIX
CSAAX	-0.53	-0.51	-0.27	-0.25	-0.26	1.0		-0.53	-0.56	0.3	CSAAX
CSHIX	1.0	1.0	0.52	0.5	0.52	-0.51	-0.53		0.99	-0.48	CSHIX
CSOCX	0.99	0.99	0.52	0.5	0.52	-0.53	-0.56	0.99		-0.45	CSOCX
CSQIX	-0.46	-0.46	-0.3	-0.3	-0.3	0.29	0.3	-0.48	-0.45		CSQIX
	CHICX	CHIAX	CRSOX	CRSCX	CRSAX	CSAIX	CSAAX	CSHIX	CSOCX	CSQIX

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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

CHIAX	+ 1.0	CHICX
CSHIX	+ 1.0	CHICX
CSHIX	+ 1.0	CHIAX
CRSCX	+ 1.0	CRSOX
CRSAX	+ 1.0	CRSOX
CRSAX	+ 1.0	CRSCX

High negative correlations

CSOCX	- 0.56	CSAAX
CSHIX	- 0.53	CSAAX
CSOCX	- 0.53	CSAIX
CSAAX	- 0.53	CHICX
CSHIX	- 0.51	CSAIX
CSAAX	- 0.51	CHIAX

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
CHICX	0.11	0.04	(0.49)	0.87	0.00	(0.25)	0.48	(0.16)	0.81
CHIAX	0.11	0.04	0.00	0.91	0.00	0.00	0.33	(0.16)	0.81
CRSOX	0.62	0.09	(0.10)	(0.24)	0.70	(0.67)	1.37	(0.86)	4.41
CRSCX	0.62	0.09	(0.09)	(0.23)	0.73	(0.65)	1.36	(0.91)	4.45
CRSAX	0.62	0.09	(0.09)	(0.23)	0.70	(0.67)	1.39	(0.89)	4.43
CSAIX	0.43	(0.01)	0.00	0.19	0.00	0.00	0.68	(1.08)	3.04
CSAAX	0.43	(0.01)	0.00	0.19	0.00	0.00	0.82	(1.18)	3.06
CSHIX	0.11	0.04	0.00	1.24	0.00	0.00	0.50	(0.16)	0.82
CSOCX	0.11	0.04	(0.60)	0.75	0.00	(0.22)	0.43	(0.11)	0.74
CSQIX	0.29	(0.03)	0.00	(0.33)	0.00	0.00	0.49	(0.61)	1.94

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