Credit Suisse Correlations

Mutual Funds . USA . 
Fund . Credit Suisse Floating
CSHIX Fund  USD 6.24  0.00  0.00%   
The current 90-days correlation between Credit Suisse Floating and Intermediate Bond Fund is 0.04 (i.e., Significant 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 Floating and DJI is -0.17 (i.e., Good 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 gross domestic product.

Moving together with Credit Mutual Fund

  0.96CHICX Credit Suisse FloatingPairCorr
  0.98CHIAX Credit Suisse FloatingPairCorr
  0.69CRSOX Credit Suisse ModityPairCorr
  0.69CRSCX Credit Suisse ModityPairCorr
  0.7CSOIX Credit Suisse StrategicPairCorr
  0.74CSOCX Credit Suisse StrategicPairCorr
  0.87CSOAX Credit Suisse StrategicPairCorr
  0.69CCRRX Credit Suisse TrustPairCorr
  0.85OOSYX Oppenheimer SeniorPairCorr
  0.87OOSIX Oppenheimer SeniorPairCorr
  0.97LFRIX Floating RatePairCorr
  0.97LARCX Floating RatePairCorr
  0.91LFRRX Lord Abbett InvPairCorr
  0.97LFRFX Floating RatePairCorr
  0.98LRRRX Floating RatePairCorr
  0.9LRRTX Floating RatePairCorr
  0.91LRRVX Floating RatePairCorr
  0.88LRRKX Floating RatePairCorr
  0.65NHS Neuberger Berman HighPairCorr
  0.76TARBX Touchstone ArbitragePairCorr
  0.68LSYQX Lord Abbett ShortPairCorr
  0.81EKHCX 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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