Fuller Thaler Correlations

FTSAX Fund

USD 40.12 0.13 0.32%

The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 0.79 (i.e., Poor 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

Very poor diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.87 (i.e., Very 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

0.83	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.84	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.9	FTMSX	Fuller Thaler Behavioral	Pair Corr
1.0	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVAX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVCX	Fuller Thaler Behavioral	Pair Corr
0.9	FTXFX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVNX	Fuller Thaler Behavioral	Pair Corr
0.94	FTVSX	Fuller Thaler Behavioral	Pair Corr
0.94	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.97	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.97	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.97	FTZIX	Fuller Thaler Behavioral	Pair Corr
0.9	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.9	FTXSX	Fuller Thaler Behavioral	Pair Corr
0.96	VSMAX	Vanguard Small Cap	Pair Corr
0.96	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.91	PASVX	T Rowe Price	Pair Corr
0.9	PRVIX	T Rowe Price	Pair Corr
0.9	TRZVX	T Rowe Price	Pair Corr
0.91	PRSVX	T Rowe Price	Pair Corr
0.76	MXBOX	Great West Lifetime	Pair Corr
0.89	ARTNX	Artisan Select Equity	Pair Corr
0.89	KGLCX	Kinetics Global	Pair Corr
0.86	NESGX	Needham Small Cap	Pair Corr
0.7	IOBZX	Icon Bond Fund	Pair Corr
0.75	FECRX	First Eagle Credit	Pair Corr
0.86	GAB	Gabelli Equity Trust	Pair Corr
0.98	PEVAX	Pace Smallmedium Value	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr

Moving against Fuller Mutual Fund

0.55	NHS	Neuberger Berman High	Pair Corr
0.51	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	FTHSX	FTMSX	FTVAX	FTVCX	FTXFX	FTVNX	FTVSX	FTZCX
FTHSX		0.59	0.74	0.74	0.62	0.74	0.74	0.72	FTHSX
FTMSX	0.59		0.93	0.93	0.97	0.93	0.93	0.94	FTMSX
FTVAX	0.74	0.93		1.0	0.92	1.0	1.0	0.92	FTVAX
FTVCX	0.74	0.93	1.0		0.91	1.0	1.0	0.92	FTVCX
FTXFX	0.62	0.97	0.92	0.91		0.92	0.92	0.95	FTXFX
FTVNX	0.74	0.93	1.0	1.0	0.92		1.0	0.92	FTVNX
FTVSX	0.74	0.93	1.0	1.0	0.92	1.0		0.92	FTVSX
FTZCX	0.72	0.94	0.92	0.92	0.95	0.92	0.92		FTZCX
	FTHSX	FTMSX	FTVAX	FTVCX	FTXFX	FTVNX	FTVSX	FTZCX

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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
FTHSX	0.82	(0.08)	(0.03)	0.03	1.41	(0.87)	1.79	(1.05)	12.49
FTMSX	1.21	0.10	0.11	0.16	1.10	(1.37)	2.72	(1.89)	6.45
FTVAX	0.64	(0.02)	(0.03)	0.07	0.56	(0.73)	1.25	(1.11)	5.50
FTVCX	0.64	(0.02)	(0.04)	0.07	0.56	(0.73)	1.29	(1.09)	5.49
FTXFX	0.89	0.14	0.15	0.20	0.88	(0.99)	1.97	(1.49)	6.17
FTVNX	0.64	(0.02)	(0.04)	0.07	0.56	(0.75)	1.28	(1.08)	5.50
FTVSX	0.64	(0.02)	(0.03)	0.07	0.56	(0.75)	1.27	(1.10)	5.49
FTZCX	0.68	0.03	0.05	0.11	0.49	(0.81)	1.59	(1.02)	5.47

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