Fuller Thaler Correlations

Mutual Funds . USA . 
Fund . Fuller Thaler Behavioral
FTHFX Fund  USD 48.30  0.41  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 census.

Moving together with Fuller Mutual Fund

  1.0FTHAX Fuller Thaler BehavioralPairCorr
  0.62FTXAX Fuller Thaler BehavioralPairCorr
  0.62FTXCX Fuller Thaler BehavioralPairCorr
  0.72FTZFX Fuller Thaler BehavioralPairCorr
  1.0FTYCX Fuller Thaler BehavioralPairCorr
  0.74VSMAX Vanguard Small CapPairCorr
  0.74VSCIX Vanguard Small CapPairCorr
  0.74VSCPX Vanguard Small CapPairCorr
  0.74NAESX Vanguard Small CapPairCorr
  0.77FSSNX Fidelity Small CapPairCorr
  0.78DFSTX Us Small CapPairCorr
  0.83PASVX T Rowe PricePairCorr
  0.83PRVIX T Rowe PricePairCorr
  0.83TRZVX T Rowe PricePairCorr
  0.83PRSVX T Rowe PricePairCorr
  0.66JGRJX Jpmorgan Growth AdvantagePairCorr
  0.75ARSZX Amg River RoadPairCorr
  0.82HNMVX Harbor Mid CapPairCorr
  0.68ASG Liberty All StarPairCorr
  0.74FCNTX Fidelity ContrafundPairCorr
  0.73ANOIX Small Cap GrowthPairCorr
  0.63APDPX Artisan Global UnconPairCorr
  0.65VTSMX Vanguard Total StockPairCorr
  0.61CMGIX Blackrock Mid CapPairCorr
  0.83BRLVX American Beacon BridgewayPairCorr
  0.65GAB Gabelli Equity TrustPairCorr
  0.69AMLPX Maingate MlpPairCorr

Moving against Fuller Mutual Fund

  0.44PFHCX Pacific Funds SmallPairCorr
  0.51NHS Neuberger Berman HighPairCorr

Related Correlations Analysis

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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.

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