Fuller Thaler Correlations

Mutual Funds . USA . 
Fund . Fuller Thaler Behavioral
FTXAX Fund  USD 49.10  0.08  0.16%   
The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 0.67 (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

Poor diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.77 (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 nation.

Moving together with Fuller Mutual Fund

  0.61FTHAX Fuller Thaler BehavioralPairCorr
  0.62FTHFX Fuller Thaler BehavioralPairCorr
  1.0FTXCX Fuller Thaler BehavioralPairCorr
  0.96FTZFX Fuller Thaler BehavioralPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.94OSPPX Oppenheimer Steelpath MlpPairCorr
  0.94SPMPX Invesco Steelpath MlpPairCorr
  0.94SPMJX Invesco Steelpath MlpPairCorr
  0.94MLPNX Oppenheimer Steelpath MlpPairCorr
  0.94MLPLX Oppenheimer Steelpath MlpPairCorr
  0.94MLPMX Oppenheimer Steelpath MlpPairCorr
  0.84LSHUX Horizon Spin OffPairCorr
  0.93EMO Clearbridge Energy MlpPairCorr
  0.78RGGEX American Funds GlobalPairCorr
  0.77HIX Western Asset HighPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.92CLM Cornerstone StrategicPairCorr
  0.96USPRX Sp 500 IndexPairCorr
  0.98AMGOX Alger Mid CapPairCorr
  0.91CRF Cornerstone Strategic Sell-off TrendPairCorr
  0.68AMECX Income FundPairCorr
  0.94BTCVX Cboe Vest BitcoinPairCorr
  0.9FGB First Trust SpecialtyPairCorr
  0.91FGRIX Fidelity Growth IncomePairCorr

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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