Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Trust
CCRRX Fund  USD 18.06  0.06  0.33%   
The current 90-days correlation between Credit Suisse Trust and Western Asset Municipal is -0.33 (i.e., Very good 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

Good diversification

The correlation between Credit Suisse Trust and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Trust 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 Trust. 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 metropolitan statistical area.

Moving together with Credit Mutual Fund

  1.0CRSOX Credit Suisse ModityPairCorr
  1.0CRSCX Credit Suisse ModityPairCorr
  0.92CRSAX Credit Suisse ModityPairCorr
  0.92CCRSX Commodity Return StrategyPairCorr
  0.97PCRIX CommodityrealreturnPairCorr
  0.91PCRRX CommodityrealreturnPairCorr
  0.97PCRPX Pimco ModityrealreturnPairCorr
  0.96PCSRX CommodityrealreturnPairCorr
  0.91PCRAX CommodityrealreturnPairCorr
  0.96PCRCX CommodityrealreturnPairCorr
  0.97PCRNX Pimco CommodityrealretPairCorr
  0.8PCLAX Pimco ModitiesplusPairCorr
  0.8PCPCX Pimco ModitiesplusPairCorr
  0.81PCLNX Pimco CommoditiesplusPairCorr
  0.71PFN Pimco Income StrategyPairCorr
  0.77PDI Pimco Dynamic Income Sell-off TrendPairCorr

Moving against Credit Mutual Fund

  0.37CSQIX Credit Suisse MultiaPairCorr
  0.36CSQAX Credit Suisse MultiaPairCorr

Related Correlations Analysis

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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   
VOLMX
+ 0.96
TQAAX
VOLMX
+ 0.94
ABVCX
ABVCX
+ 0.93
TQAAX
TQAAX
+ 0.89
WRLDX
ABVCX
+ 0.85
WRLDX
ABVCX
+ 0.8
TWBIX
  
High negative correlations   
VOLMX
- 0.65
XMHFX
ABVCX
- 0.54
XMHFX
TQAAX
- 0.49
XMHFX
IAADX
- 0.36
VOLMX
IAADX
- 0.25
ABVCX
WRLDX
- 0.23
XMHFX

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.

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