Fuller Thaler Correlations

Mutual Funds . USA . 
Fund . Fuller Thaler Behavioral
FTHNX Fund  USD 42.71  0.15  0.35%   
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

Significant diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.04 (i.e., Significant 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 board of governors.

Moving together with Fuller Mutual Fund

  1.0FTHSX Fuller Thaler BehavioralPairCorr
  0.92FTMSX Fuller Thaler BehavioralPairCorr
  0.93FTSAX Fuller Thaler BehavioralPairCorr
  0.98FTSIX Fuller Thaler BehavioralPairCorr
  0.92FTVAX Fuller Thaler BehavioralPairCorr
  0.92FTVCX Fuller Thaler BehavioralPairCorr
  0.94FTXFX Fuller Thaler BehavioralPairCorr
  0.92FTVNX Fuller Thaler BehavioralPairCorr
  0.89FTVSX Fuller Thaler BehavioralPairCorr
  0.92FTVZX Fuller Thaler BehavioralPairCorr
  0.88FTZAX Fuller Thaler BehavioralPairCorr
  0.86FTZCX Fuller Thaler BehavioralPairCorr
  0.86FTZIX Fuller Thaler BehavioralPairCorr
  0.94FTXNX Fuller Thaler BehavioralPairCorr
  0.94FTXSX Fuller Thaler BehavioralPairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.94VSCIX Vanguard Small CapPairCorr
  0.98VSCPX Vanguard Small CapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  0.94DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.92PRVIX T Rowe PricePairCorr
  0.96TRZVX T Rowe PricePairCorr
  0.84PRSVX T Rowe PricePairCorr

Moving against Fuller Mutual Fund

  0.76FTBBYX FtbbyxPairCorr
  0.71FBAHX Fidelity Advisor TacticalPairCorr
  0.64MDIIX Blackrock Intern IndexPairCorr
  0.63PEGPX Pimco Esg IncomePairCorr
  0.6BTMPX Ishares Msci EafePairCorr
  0.6BTMKX Blackrock InternationalPairCorr
  0.56LICVX Lord Abbett IntlPairCorr
  0.53PRREX Putnam Absolute ReturnPairCorr

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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