Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Floating
CHIAX Fund  USD 6.27  0.00  0.00%   
The current 90-days correlation between Credit Suisse Floating and Diversified Bond Fund is 0.38 (i.e., Weak 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 Floating and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Floating 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 Floating. 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

  0.97CHICX Credit Suisse FloatingPairCorr
  0.97CSHIX Credit Suisse FloatingPairCorr
  0.82CSOIX Credit Suisse StrategicPairCorr
  0.85CSOCX Credit Suisse StrategicPairCorr
  0.86CSOAX Credit Suisse StrategicPairCorr
  0.93OOSYX Oppenheimer SeniorPairCorr
  0.89OOSIX Oppenheimer SeniorPairCorr
  0.94LFRIX Floating RatePairCorr
  0.96LARCX Floating RatePairCorr
  0.93LFRRX Lord Abbett InvPairCorr
  0.82LFRFX Floating RatePairCorr
  0.97LRRRX Floating RatePairCorr
  0.82LRRTX Floating RatePairCorr
  0.91LRRVX Floating RatePairCorr
  0.96LRRKX Floating RatePairCorr
  0.65TARBX Touchstone ArbitragePairCorr
  0.75LSYQX Lord Abbett ShortPairCorr
  0.69EKHCX Wells Fargo HighPairCorr

Related Correlations Analysis

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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.

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