Fuller Thaler Correlations

FTHSX Fund

USD 43.23 1.14 2.71%

The current 90-days correlation between Fuller Thaler Behavioral and Goldman Sachs Gqg is -0.04 (i.e., Good diversification). 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

Good diversification

The correlation between Fuller Thaler Behavioral and DJI is -0.11 (i.e., Good 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 state.

Moving together with Fuller Mutual Fund

0.88	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.77	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.82	FTSAX	Fuller Thaler Behavioral	Pair Corr
0.85	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.81	FTVAX	Fuller Thaler Behavioral	Pair Corr
0.81	FTVCX	Fuller Thaler Behavioral	Pair Corr
0.83	FTXFX	Fuller Thaler Behavioral	Pair Corr
0.81	FTVNX	Fuller Thaler Behavioral	Pair Corr
0.81	FTVSX	Fuller Thaler Behavioral	Pair Corr
0.81	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.76	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.77	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.83	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.84	FTXSX	Fuller Thaler Behavioral	Pair Corr
0.86	VSMAX	Vanguard Small Cap	Pair Corr
0.84	VSCIX	Vanguard Small Cap	Pair Corr
0.86	VSCPX	Vanguard Small Cap	Pair Corr
0.84	NAESX	Vanguard Small Cap	Pair Corr
0.85	FSSNX	Fidelity Small Cap	Pair Corr
0.83	DFSTX	Us Small Cap	Pair Corr
0.86	PASVX	T Rowe Price	Pair Corr
0.83	PRVIX	T Rowe Price	Pair Corr
0.86	TRZVX	T Rowe Price	Pair Corr
0.96	PRSVX	T Rowe Price	Pair Corr

Moving against Fuller Mutual Fund

0.74	PRREX	Putnam Absolute Return	Pair Corr
0.68	FTBBYX	Ftbbyx	Pair Corr
0.67	PRICX	Prudential Government	Pair Corr
0.63	FBAHX	Fidelity Advisor Tactical	Pair Corr
0.57	PEGPX	Pimco Esg Income	Pair Corr
0.51	BTMPX	Ishares Msci Eafe	Pair Corr
0.51	BTMKX	Blackrock International	Pair Corr
0.51	MDIIX	Blackrock Intern Index	Pair Corr
0.47	LICVX	Lord Abbett Intl	Pair Corr

Related Correlations Analysis

	GSIMX	EGFIX	PBDPX	OANIX	UBVLX
GSIMX		-0.34	0.88	0.95	-0.38	GSIMX
EGFIX	-0.34		-0.53	-0.5	0.91	EGFIX
PBDPX	0.88	-0.53		0.9	-0.56	PBDPX
OANIX	0.95	-0.5	0.9		-0.5	OANIX
UBVLX	-0.38	0.91	-0.56	-0.5		UBVLX
	GSIMX	EGFIX	PBDPX	OANIX	UBVLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OANIX	+ 0.95	GSIMX
UBVLX	+ 0.91	EGFIX
OANIX	+ 0.9	PBDPX
PBDPX	+ 0.88	GSIMX

High negative correlations

UBVLX	- 0.56	PBDPX
PBDPX	- 0.53	EGFIX
UBVLX	- 0.5	OANIX
OANIX	- 0.5	EGFIX
UBVLX	- 0.38	GSIMX
EGFIX	- 0.34	GSIMX

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
GSIMX	0.59	0.12	0.14	0.22	0.61	(0.62)	1.19	(0.96)	5.13
EGFIX	0.98	(0.10)	0.00	1.13	0.00	0.00	1.83	(2.71)	5.39
PBDPX	0.26	0.04	0.10	0.38	0.17	(0.33)	0.67	(0.44)	1.60
OANIX	0.87	0.18	0.17	0.32	0.84	(0.98)	2.24	(1.56)	5.10
UBVLX	0.83	(0.06)	0.00	(0.07)	0.00	0.00	1.62	(1.80)	3.56

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