Credit Suisse Correlations

CSAIX Fund

USD 8.49 0.06 0.70%

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

Weak diversification

The correlation between Credit Suisse Managed and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Managed 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 Managed. 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 gross domestic product.

Moving together with Credit Mutual Fund

1.0	CSACX	Credit Suisse Managed Potential Growth	Pair Corr
1.0	CSAAX	Credit Suisse Managed Potential Growth	Pair Corr
0.67	PQTAX	Pimco Trends Managed	Pair Corr
0.67	PQTNX	Pimco Trends Managed	Pair Corr
0.61	AHLPX	American Beacon Ahl	Pair Corr
0.86	AMFNX	Asg Managed Futures	Pair Corr
0.81	ABYCX	Abbey Capital Futures	Pair Corr
0.8	ABYAX	Abbey Capital Futures	Pair Corr
0.79	ABYIX	Abbey Capital Futures	Pair Corr
0.86	AMFAX	Asg Managed Futures	Pair Corr
0.87	ASFYX	Asg Managed Futures	Pair Corr
0.82	GPBFX	Gmo E Plus	Pair Corr
0.89	GPMFX	Guidepath Managed Futures	Pair Corr
0.67	PQTIX	Aa Pimco Tr	Pair Corr

Moving against Credit Mutual Fund

0.81	CHICX	Credit Suisse Floating	Pair Corr
0.81	CSHIX	Credit Suisse Floating	Pair Corr
0.78	CHIAX	Credit Suisse Floating	Pair Corr
0.7	CSOAX	Credit Suisse Strategic	Pair Corr
0.69	CSOIX	Credit Suisse Strategic	Pair Corr
0.66	CSOCX	Credit Suisse Strategic	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.75	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.74	BDJ	Blackrock Enhanced Equity	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	VFINX	Vanguard 500 Index	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.65	CII	Blackrock Enhanced	Pair Corr
0.64	WWLAX	Westwood Largecap Value	Pair Corr

Related Correlations Analysis

	AIEXX	UGSFX	DIPXX	UIGSX	RYAQX	CGTCX
AIEXX		0.0	0.0	0.0	0.0	0.0	AIEXX
UGSFX	0.0		-0.74	0.99	-0.97	1.0	UGSFX
DIPXX	0.0	-0.74		-0.72	0.82	-0.74	DIPXX
UIGSX	0.0	0.99	-0.72		-0.97	0.99	UIGSX
RYAQX	0.0	-0.97	0.82	-0.97		-0.97	RYAQX
CGTCX	0.0	1.0	-0.74	0.99	-0.97		CGTCX
	AIEXX	UGSFX	DIPXX	UIGSX	RYAQX	CGTCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CGTCX	+ 1.0	UGSFX
UIGSX	+ 0.99	UGSFX
CGTCX	+ 0.99	UIGSX
RYAQX	+ 0.82	DIPXX
UGSFX	+ 0.0	AIEXX
DIPXX	+ 0.0	AIEXX

High negative correlations

CGTCX	- 0.97	RYAQX
RYAQX	- 0.97	UIGSX
RYAQX	- 0.97	UGSFX
CGTCX	- 0.74	DIPXX
DIPXX	- 0.74	UGSFX
UIGSX	- 0.72	DIPXX

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
AIEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UGSFX	0.24	(0.02)	0.00	0.40	0.00	0.00	0.41	(0.51)	1.40
DIPXX	0.03	0.00	0.00	1.06	0.00	0.00	0.00	0.00	1.01
UIGSX	0.18	(0.01)	0.00	0.31	0.00	0.00	0.34	(0.45)	1.03
RYAQX	0.61	0.05	(0.05)	0.37	0.64	(0.72)	1.52	(1.27)	5.23
CGTCX	0.23	(0.02)	0.00	0.47	0.00	0.00	0.34	(0.51)	1.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC