Correlation Between Credit Suisse and ProShares
Can any of the company-specific risk be diversified away by investing in both Credit Suisse and ProShares at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Credit Suisse and ProShares into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Credit Suisse and ProShares K 1 Free, you can compare the effects of market volatilities on Credit Suisse and ProShares and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Credit Suisse with a short position of ProShares. Check out your portfolio center. Please also check ongoing floating volatility patterns of Credit Suisse and ProShares.
Diversification Opportunities for Credit Suisse and ProShares
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Credit and ProShares is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Credit Suisse and ProShares K 1 Free in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ProShares K 1 and Credit Suisse is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Credit Suisse are associated (or correlated) with ProShares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ProShares K 1 has no effect on the direction of Credit Suisse i.e., Credit Suisse and ProShares go up and down completely randomly.
Pair Corralation between Credit Suisse and ProShares
If you would invest 4,015 in ProShares K 1 Free on January 25, 2024 and sell it today you would earn a total of 827.00 from holding ProShares K 1 Free or generate 20.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Credit Suisse vs. ProShares K 1 Free
Performance |
| Timeline |
| Credit Suisse |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| ProShares K 1 |
Credit Suisse and ProShares Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Credit Suisse and ProShares
The main advantage of trading using opposite Credit Suisse and ProShares positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Credit Suisse position performs unexpectedly, ProShares can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares will offset losses from the drop in ProShares' long position.| Credit Suisse vs. enCore Energy Corp | Credit Suisse vs. iShares Core SP | Credit Suisse vs. Vanguard Financials Index | Credit Suisse vs. Roundhill Bitcoin Covered |
| ProShares vs. United States 12 | ProShares vs. Credit Suisse X Links | ProShares vs. Invesco DB Oil | ProShares vs. United States 12 |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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