Correlation Between ATT and Credit Suisse

Can any of the company-specific risk be diversified away by investing in both ATT and Credit Suisse 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 ATT and Credit Suisse into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between ATT Inc and Credit Suisse Managed, you can compare the effects of market volatilities on ATT and Credit Suisse 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 ATT with a short position of Credit Suisse. Check out your portfolio center. Please also check ongoing floating volatility patterns of ATT and Credit Suisse.

Diversification Opportunities for ATT and Credit Suisse

-0.82

Correlation Coefficient

ATT  Credit Suisse

Pay attention - limited upside

The 3 months correlation between ATT and Credit is -0.82. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and Credit Suisse Managed in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Credit Suisse Managed and ATT 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 ATT Inc are associated (or correlated) with Credit Suisse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Credit Suisse Managed has no effect on the direction of ATT i.e., ATT and Credit Suisse go up and down completely randomly.

Pair Corralation between ATT and Credit Suisse

Taking into account the 90-day investment horizon ATT Inc is expected to under-perform the Credit Suisse. In addition to that, ATT is 3.13 times more volatile than Credit Suisse Managed. It trades about -0.13 of its total potential returns per unit of risk. Credit Suisse Managed is currently generating about 0.12 per unit of volatility. If you would invest  689.00  in Credit Suisse Managed on August 19, 2025 and sell it today you would earn a total of  23.00  from holding Credit Suisse Managed or generate 3.34% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

ATT Inc  vs.  Credit Suisse Managed

ATT Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days ATT Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Credit Suisse Managed

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Credit Suisse Managed are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Credit Suisse is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with ATT and Credit Suisse

The main advantage of trading using opposite ATT and Credit Suisse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ATT position performs unexpectedly, Credit Suisse 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 Credit Suisse will offset losses from the drop in Credit Suisse's long position.

The idea behind ATT Inc and Credit Suisse Managed 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.