Fuller Thaler Correlations

FTHAX Fund

USD 47.20 0.40 0.84%

The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 1.0 (i.e., No risk reduction). The correlation of Fuller Thaler 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.

Fuller Thaler Correlation With Market

Poor diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fuller Thaler Behavioral and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fuller Thaler Behavioral. 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 nation.

Moving together with Fuller Mutual Fund

1.0	FTHFX	Fuller Thaler Behavioral	Pair Corr
0.61	FTXAX	Fuller Thaler Behavioral	Pair Corr
0.61	FTXCX	Fuller Thaler Behavioral	Pair Corr
0.71	FTZFX	Fuller Thaler Behavioral	Pair Corr
1.0	FTYCX	Fuller Thaler Behavioral	Pair Corr
0.73	VSMAX	Vanguard Small Cap	Pair Corr
0.73	VSCIX	Vanguard Small Cap	Pair Corr
0.73	VSCPX	Vanguard Small Cap	Pair Corr
0.73	NAESX	Vanguard Small Cap	Pair Corr
0.76	FSSNX	Fidelity Small Cap	Pair Corr
0.76	DFSTX	Us Small Cap	Pair Corr
0.82	PASVX	T Rowe Price	Pair Corr
0.82	PRVIX	T Rowe Price	Pair Corr
0.82	TRZVX	T Rowe Price	Pair Corr
0.82	PRSVX	T Rowe Price	Pair Corr
0.65	JGRJX	Jpmorgan Growth Advantage	Pair Corr
0.74	ARSZX	Amg River Road	Pair Corr
0.82	HNMVX	Harbor Mid Cap	Pair Corr
0.67	ASG	Liberty All Star	Pair Corr
0.73	FCNTX	Fidelity Contrafund	Pair Corr
0.72	ANOIX	Small Cap Growth	Pair Corr
0.62	APDPX	Artisan Global Uncon	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.82	BRLVX	American Beacon Bridgeway	Pair Corr
0.64	GAB	Gabelli Equity Trust	Pair Corr
0.68	AMLPX	Maingate Mlp	Pair Corr

Moving against Fuller Mutual Fund

0.44	PFHCX	Pacific Funds Small	Pair Corr
0.5	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	FTHAX	FTHFX	FTXAX	FTXCX	FTZFX
FTHAX		1.0	0.61	0.61	0.71	FTHAX
FTHFX	1.0		0.62	0.62	0.72	FTHFX
FTXAX	0.61	0.62		1.0	0.96	FTXAX
FTXCX	0.61	0.62	1.0		0.96	FTXCX
FTZFX	0.71	0.72	0.96	0.96		FTZFX
	FTHAX	FTHFX	FTXAX	FTXCX	FTZFX

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Risk-Adjusted Indicators

There is a big difference between Fuller Mutual Fund performing well and Fuller Thaler 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 Fuller Thaler'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
FTHAX	0.82	(0.08)	(0.03)	0.03	1.42	(0.87)	1.76	(1.05)	12.55
FTHFX	0.82	(0.08)	(0.03)	0.03	1.40	(0.87)	1.77	(1.04)	12.42
FTXAX	0.89	0.14	0.14	0.20	0.88	(0.99)	1.94	(1.50)	6.14
FTXCX	0.89	0.14	0.14	0.20	0.88	(0.99)	1.96	(1.50)	6.13
FTZFX	0.66	0.03	0.06	0.12	0.47	(0.79)	1.55	(1.02)	5.36

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