Credit Suisse Correlations

CSOCX Fund

USD 9.46 0.01 0.11%

The current 90-days correlation between Credit Suisse Strategic and Fzdaqx is 0.25 (i.e., Modest 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

Modest diversification

The correlation between Credit Suisse Strategic and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Strategic 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 Strategic. 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 main economic indicators.

Moving together with Credit Mutual Fund

0.87	CHICX	Credit Suisse Floating	Pair Corr
0.85	CHIAX	Credit Suisse Floating	Pair Corr
0.66	CRSOX	Credit Suisse Modity	Pair Corr
0.66	CRSCX	Credit Suisse Modity	Pair Corr
0.66	CRSAX	Credit Suisse Modity	Pair Corr
0.86	CSHIX	Credit Suisse Floating	Pair Corr
0.98	CSOIX	Credit Suisse Strategic	Pair Corr
0.99	CSOAX	Credit Suisse Strategic	Pair Corr
0.69	CSQIX	Credit Suisse Multia	Pair Corr
0.69	CSQAX	Credit Suisse Multia	Pair Corr
0.66	CCRSX	Commodity Return Strategy	Pair Corr
0.66	CCRRX	Credit Suisse Trust	Pair Corr
0.78	VWEAX	Vanguard High Yield	Pair Corr
0.8	VWEHX	Vanguard High Yield	Pair Corr
0.93	BHYCX	Blackrock Hi Yld	Pair Corr
0.91	BHYIX	Blackrock High Yield	Pair Corr
0.92	BHYSX	Blackrock Hi Yld	Pair Corr
0.92	BHYAX	Blackrock High Yield	Pair Corr
0.87	FAHHX	American Funds American	Pair Corr
0.88	FTAHX	American Funds American	Pair Corr
0.88	AHTFX	American High Income	Pair Corr
0.9	AHTCX	American High Income	Pair Corr
0.69	NHS	Neuberger Berman High	Pair Corr
0.69	GLPSX	Goldman Sachs Mlp	Pair Corr
0.81	RWDYX	Redwood Managed Vola	Pair Corr
0.86	FSMSX	Fs Multi Strategy	Pair Corr
0.92	GSHUX	Goldman Sachs High	Pair Corr
0.69	IIXAX	Catalyst Insider Income	Pair Corr
0.74	LMHIX	Western Asset Municipal	Pair Corr

Related Correlations Analysis

	FZDAQX	WMCANX	FURYAX	FMFTX	CPUCX	WRLDX
FZDAQX		0.56	0.35	0.34	0.56	0.56	FZDAQX
WMCANX	0.56		0.87	0.54	0.17	0.54	WMCANX
FURYAX	0.35	0.87		0.36	-0.16	0.27	FURYAX
FMFTX	0.34	0.54	0.36		0.1	0.28	FMFTX
CPUCX	0.56	0.17	-0.16	0.1		0.82	CPUCX
WRLDX	0.56	0.54	0.27	0.28	0.82		WRLDX
	FZDAQX	WMCANX	FURYAX	FMFTX	CPUCX	WRLDX

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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

FURYAX	+ 0.87	WMCANX
WRLDX	+ 0.82	CPUCX
WMCANX	+ 0.56	FZDAQX
CPUCX	+ 0.56	FZDAQX
WRLDX	+ 0.56	FZDAQX
FMFTX	+ 0.54	WMCANX

High negative correlations

CPUCX

- 0.16

FURYAX

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
FZDAQX	0.12	0.00	0.10	(0.06)	0.18	(0.15)	0.21	(0.41)	1.03
WMCANX	0.61	0.04	0.06	0.03	0.75	(0.67)	1.37	(1.29)	3.48
FURYAX	0.70	0.02	0.04	0.00	0.82	(0.78)	1.21	(1.39)	2.96
FMFTX	0.92	(0.17)	0.00	(2.46)	0.00	0.00	1.37	(2.17)	8.22
CPUCX	0.26	0.00	0.12	0.01	0.26	(0.31)	0.44	(0.54)	1.45
WRLDX	0.64	(0.02)	0.00	0.09	0.00	0.00	1.24	(1.68)	2.96

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