Credit Suisse Correlations

CSQCX Fund

USD 10.59 0.02 0.19%

The current 90-days correlation between Credit Suisse Multia and Artisan High Income is 0.37 (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

Very poor diversification

The correlation between Credit Suisse Multialternative and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse Multialternative 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 Multialternative. 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

0.79	FSWFX	American Funds Smallcap	Pair Corr
0.79	FSFWX	American Funds Smallcap	Pair Corr
0.88	SCWCX	American Fds Smallcap	Pair Corr
0.88	SCWFX	Smallcap World	Pair Corr
0.79	SMCWX	Smallcap World	Pair Corr
0.88	CSPFX	Smallcap World	Pair Corr
0.88	CSPAX	Smallcap World	Pair Corr
0.88	CSPEX	Smallcap World	Pair Corr
0.88	RSLCX	Smallcap World	Pair Corr
0.79	RLLGX	Smallcap World	Pair Corr
0.66	RMQAX	Monthly Rebalance Steady Growth	Pair Corr
0.71	CGGEX	American Funds Global	Pair Corr
0.76	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.65	FZROX	Fidelity Zero Total	Pair Corr

Related Correlations Analysis

	ARTFX	SWSFX	TPYYX	MBSAX	MFIRX	BBINX	DHGCX
ARTFX		0.83	0.29	0.17	0.34	-0.05	-0.43	ARTFX
SWSFX	0.83		0.1	-0.13	0.17	-0.31	-0.58	SWSFX
TPYYX	0.29	0.1		0.58	0.54	0.48	0.34	TPYYX
MBSAX	0.17	-0.13	0.58		0.86	0.81	0.76	MBSAX
MFIRX	0.34	0.17	0.54	0.86		0.67	0.63	MFIRX
BBINX	-0.05	-0.31	0.48	0.81	0.67		0.82	BBINX
DHGCX	-0.43	-0.58	0.34	0.76	0.63	0.82		DHGCX
	ARTFX	SWSFX	TPYYX	MBSAX	MFIRX	BBINX	DHGCX

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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

MFIRX	+ 0.86	MBSAX
SWSFX	+ 0.83	ARTFX
DHGCX	+ 0.82	BBINX
BBINX	+ 0.81	MBSAX
DHGCX	+ 0.76	MBSAX
BBINX	+ 0.67	MFIRX

High negative correlations

DHGCX	- 0.58	SWSFX
DHGCX	- 0.43	ARTFX
BBINX	- 0.31	SWSFX
MBSAX	- 0.13	SWSFX
BBINX	- 0.05	ARTFX

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
ARTFX	0.11	0.02	(0.53)	0.51	0.00	(0.18)	0.22	(0.22)	0.77
SWSFX	0.04	0.00	(0.95)	(0.57)	0.00	(0.17)	0.10	(0.10)	0.49
TPYYX	0.70	0.03	(0.08)	(0.29)	0.95	(0.76)	1.40	(1.71)	5.39
MBSAX	0.21	0.00	(0.28)	0.15	0.22	(0.22)	0.37	(0.44)	1.25
MFIRX	0.10	0.00	(0.43)	0.19	0.00	(0.23)	0.19	(0.19)	0.76
BBINX	0.12	0.01	(0.34)	(0.03)	0.14	(0.17)	0.29	(0.29)	1.07
DHGCX	0.16	(0.01)	(0.54)	(0.04)	0.15	(0.19)	0.35	(0.25)	0.96

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