Credit Suisse Correlations

CSQIX Fund

USD 8.36 0.02 0.24%

The current 90-days correlation between Credit Suisse Multia and Angel Oak Ultrashort is -0.05 (i.e., Good 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

Significant diversification

The correlation between Credit Suisse Multialternative and DJI is 0.02 (i.e., Significant 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 gross domestic product.

Moving together with Credit Mutual Fund

0.89	CRSOX	Credit Suisse Modity	Pair Corr
0.89	CRSCX	Credit Suisse Modity	Pair Corr
0.89	CRSAX	Credit Suisse Modity	Pair Corr
0.62	CSAIX	Credit Suisse Managed	Pair Corr
0.62	CSACX	Credit Suisse Managed	Pair Corr
0.62	CSAAX	Credit Suisse Managed	Pair Corr
0.71	CSOIX	Credit Suisse Strategic	Pair Corr
0.62	CSOCX	Credit Suisse Strategic	Pair Corr
0.67	CSOAX	Credit Suisse Strategic	Pair Corr
0.96	CSQAX	Credit Suisse Multia	Pair Corr
0.89	CCRSX	Commodity Return Strategy	Pair Corr
0.89	CCRRX	Credit Suisse Trust	Pair Corr
0.82	BIMBX	Blackrock Alternative	Pair Corr
0.82	BAMBX	Blackrock Alternative	Pair Corr
0.81	BMBCX	Blackrock Alternative	Pair Corr
0.83	BKMBX	Blackrock Systematic	Pair Corr
0.67	BXMYX	Blackstone Alternative	Pair Corr
0.86	QSPRX	Aqr Style Premia	Pair Corr
0.67	BXMIX	Blackstone Alternative	Pair Corr
0.65	BXMDX	Blackstone Alternative	Pair Corr
0.7	GARTX	Goldman Sachs Absolute	Pair Corr
0.67	GCRTX	Goldman Sachs Absolute	Pair Corr
0.77	BRUFX	Bruce Fund Bruce	Pair Corr
0.85	KF	Korea Closed	Pair Corr
0.63	BBTGX	Sterling Capital Beh	Pair Corr
0.88	FEMBX	Fidelity Emerging Europe	Pair Corr
0.86	IOBZX	Icon Bond Fund	Pair Corr
0.88	EMSLX	Shelton Emerging Markets	Pair Corr
0.79	ASDAX	Aamhimco Short Duration	Pair Corr
0.64	STRAX	Stralem Equity	Pair Corr
0.77	STBFX	Sextant Short Term	Pair Corr

Moving against Credit Mutual Fund

0.53

SPGSX

State Street Premier

Pair Corr

Related Correlations Analysis

	AOUNX	BXDCX	BIIPX	FUEMX	DULTX	VMSSX	SUSAX
AOUNX		0.99	0.98	0.98	0.99	0.98	0.98	AOUNX
BXDCX	0.99		0.98	0.95	0.97	0.98	0.98	BXDCX
BIIPX	0.98	0.98		0.96	0.97	0.99	0.97	BIIPX
FUEMX	0.98	0.95	0.96		0.99	0.97	0.96	FUEMX
DULTX	0.99	0.97	0.97	0.99		0.97	0.97	DULTX
VMSSX	0.98	0.98	0.99	0.97	0.97		0.97	VMSSX
SUSAX	0.98	0.98	0.97	0.96	0.97	0.97		SUSAX
	AOUNX	BXDCX	BIIPX	FUEMX	DULTX	VMSSX	SUSAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AOUNX	0.05	0.01	0.00	(0.60)	0.00	0.10	(0.10)	0.52
BXDCX	0.08	0.01	0.35	(0.44)	(0.15)	0.22	(0.11)	0.54
BIIPX	0.10	0.02	0.37	(1.30)	(0.14)	0.21	(0.10)	0.72
FUEMX	0.04	0.00	0.00	(0.23)	0.00	0.10	(0.10)	0.40
DULTX	0.04	0.01	0.00	(0.67)	0.00	0.10	0.00	0.51
VMSSX	0.10	0.02	0.18	(0.33)	(0.30)	0.22	(0.22)	0.88
SUSAX	0.06	0.01	0.32	4.95	(0.18)	0.10	(0.10)	0.51

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