Fuller Thaler Correlations

FTMSX Fund

USD 27.36 0.03 0.11%

The current 90-days correlation between Fuller Thaler Behavioral and Prudential Short Duration is 0.16 (i.e., Average 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

Weak diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.34 (i.e., Weak 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

0.82	FTXFX	Fuller Thaler Behavioral	Pair Corr
0.74	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.73	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.69	FTZIX	Fuller Thaler Behavioral	Pair Corr
0.82	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.82	FTXSX	Fuller Thaler Behavioral	Pair Corr
0.68	LETRX	Voya Russia Fund	Pair Corr
0.68	IWRFX	Voya Russia Fund	Pair Corr
0.68	IIRFX	Voya Russia Fund	Pair Corr
0.73	CISGX	Touchstone Sands Capital	Pair Corr
0.75	TIYRX	Tiaa-cref High-yield	Pair Corr
0.65	WCPIX	Mobile Telecommunicatio	Pair Corr
0.76	NMHYX	Multi Manager High	Pair Corr
0.82	HMSFX	Hennessy Bp Midstream	Pair Corr

Moving against Fuller Mutual Fund

0.43

UBPSX

Ultralatin America

Pair Corr

Related Correlations Analysis

	HYSZX	RSDIX	DULTX	TSDCX	SUSAX	CMGUX	AOUNX
HYSZX		0.73	0.71	0.75	0.75	0.7	0.75	HYSZX
RSDIX	0.73		0.85	0.88	0.89	0.86	0.88	RSDIX
DULTX	0.71	0.85		0.98	0.98	0.99	0.98	DULTX
TSDCX	0.75	0.88	0.98		0.99	0.99	0.99	TSDCX
SUSAX	0.75	0.89	0.98	0.99		0.99	0.99	SUSAX
CMGUX	0.7	0.86	0.99	0.99	0.99		0.99	CMGUX
AOUNX	0.75	0.88	0.98	0.99	0.99	0.99		AOUNX
	HYSZX	RSDIX	DULTX	TSDCX	SUSAX	CMGUX	AOUNX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HYSZX	0.11	0.01	(0.08)	1.32	(0.21)	0.48	(0.24)	1.08
RSDIX	0.09	0.00	(0.14)	0.32	(0.17)	0.21	(0.10)	0.72
DULTX	0.04	0.01	0.00	(0.49)	0.00	0.10	0.00	0.71
TSDCX	0.05	0.01	(0.10)	0.97	(0.22)	0.11	(0.11)	0.66
SUSAX	0.06	0.01	(0.12)	(0.45)	(0.17)	0.10	(0.10)	0.51
CMGUX	0.04	0.01	0.00	(1.34)	0.00	0.11	0.00	0.55
AOUNX	0.05	0.01	(0.10)	(0.42)	(0.24)	0.10	(0.10)	0.62

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