Correlation Between Credit Suisse and Short Intermediate
Can any of the company-specific risk be diversified away by investing in both Credit Suisse and Short Intermediate 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 Short Intermediate into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Credit Suisse Floating and Short Intermediate Bond Fund, you can compare the effects of market volatilities on Credit Suisse and Short Intermediate 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 Short Intermediate. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and Short Intermediate.
Diversification Opportunities for Credit Suisse and Short Intermediate
0.52 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Credit and Short is 0.52. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Floating and Short Intermediate Bond Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Short Intermediate Bond 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 Floating are associated (or correlated) with Short Intermediate. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Short Intermediate Bond has no effect on the direction of Credit Suisse i.e., Credit Suisse and Short Intermediate go up and down completely randomly.
Pair Corralation between Credit Suisse and Short Intermediate
Assuming the 90 days horizon Credit Suisse Floating is expected to generate 1.23 times more return on investment than Short Intermediate. However, Credit Suisse is 1.23 times more volatile than Short Intermediate Bond Fund. It trades about 0.34 of its potential returns per unit of risk. Short Intermediate Bond Fund is currently generating about 0.18 per unit of risk. If you would invest 605.00 in Credit Suisse Floating on April 23, 2025 and sell it today you would earn a total of 21.00 from holding Credit Suisse Floating or generate 3.47% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Weak |
Accuracy | 100.0% |
Values | Daily Returns |
Credit Suisse Floating vs. Short Intermediate Bond Fund
Performance |
Timeline |
Credit Suisse Floating |
Short Intermediate Bond |
Credit Suisse and Short Intermediate Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Credit Suisse and Short Intermediate
The main advantage of trading using opposite Credit Suisse and Short Intermediate positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, Short Intermediate 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 Short Intermediate will offset losses from the drop in Short Intermediate's long position.Credit Suisse vs. Black Oak Emerging | Credit Suisse vs. Doubleline Emerging Markets | Credit Suisse vs. Ab Select Longshort | Credit Suisse vs. Nasdaq 100 Index Fund |
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Check out your portfolio center.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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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