Fuller Thaler Correlations

FTXFX Fund

USD 51.00 0.45 0.89%

The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 0.69 (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

Weak diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.35 (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 census.

Moving together with Fuller Mutual Fund

0.82	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.82	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.81	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.79	FTZIX	Fuller Thaler Behavioral	Pair Corr
1.0	FTXNX	Fuller Thaler Behavioral	Pair Corr
1.0	FTXSX	Fuller Thaler Behavioral	Pair Corr
0.95	VSGAX	Vanguard Small Cap	Pair Corr
0.95	VSGIX	Vanguard Small Cap	Pair Corr
0.95	VISGX	Vanguard Small Cap	Pair Corr
0.89	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.63	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.67	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.67	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.7	NUSAX	Nationwide Government	Pair Corr
0.62	ASBAX	Short Term Bond	Pair Corr
0.72	ARMZX	Western Asset Adjustable	Pair Corr
0.74	GAFAX	Asg Global Alternatives	Pair Corr

Moving against Fuller Mutual Fund

0.34

ILVEX

Columbia Integrated Large

Pair Corr

Related Correlations Analysis

	FTHNX	FTHSX	FTMSX	FTSAX	FTSIX	FTVAX	FTVCX	FTXFX	FTVNX	FTVSX
FTHNX		0.93	-0.01	0.89	0.75	0.77	0.71	0.0	0.77	0.77	FTHNX
FTHSX	0.93		-0.09	0.82	0.67	0.7	0.63	0.0	0.7	0.7	FTHSX
FTMSX	-0.01	-0.09		0.32	0.24	0.48	0.44	0.82	0.48	0.49	FTMSX
FTSAX	0.89	0.82	0.32		0.85	0.94	0.87	0.32	0.94	0.94	FTSAX
FTSIX	0.75	0.67	0.24	0.85		0.79	0.88	0.32	0.79	0.79	FTSIX
FTVAX	0.77	0.7	0.48	0.94	0.79		0.91	0.51	1.0	1.0	FTVAX
FTVCX	0.71	0.63	0.44	0.87	0.88	0.91		0.49	0.91	0.91	FTVCX
FTXFX	0.0	0.0	0.82	0.32	0.32	0.51	0.49		0.51	0.52	FTXFX
FTVNX	0.77	0.7	0.48	0.94	0.79	1.0	0.91	0.51		1.0	FTVNX
FTVSX	0.77	0.7	0.49	0.94	0.79	1.0	0.91	0.52	1.0		FTVSX
	FTHNX	FTHSX	FTMSX	FTSAX	FTSIX	FTVAX	FTVCX	FTXFX	FTVNX	FTVSX

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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

FTVNX	+ 1.0	FTVAX
FTVSX	+ 1.0	FTVAX
FTVSX	+ 1.0	FTVNX
FTVAX	+ 0.94	FTSAX
FTVNX	+ 0.94	FTSAX
FTVSX	+ 0.94	FTSAX

High negative correlations

FTMSX	- 0.09	FTHSX
FTMSX	- 0.01	FTHNX
FTXFX	- 0.0	FTHSX
FTXFX	- 0.0	FTHNX

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
FTHNX	0.86	(0.09)	0.00	(0.15)	0.00	0.00	1.64	(1.44)	12.56
FTHSX	0.88	(0.09)	0.00	(0.15)	0.00	0.00	1.65	(1.43)	12.50
FTMSX	1.25	0.17	0.09	0.27	1.61	(1.18)	2.72	(2.18)	9.29
FTSAX	0.70	(0.03)	0.00	(0.05)	0.00	0.00	1.27	(1.31)	7.42
FTSIX	0.71	(0.01)	(0.02)	(0.02)	0.91	(0.79)	1.39	(1.30)	7.44
FTVAX	0.67	0.01	(0.01)	0.04	0.85	(0.71)	1.30	(1.33)	6.83
FTVCX	0.68	0.01	(0.01)	0.06	0.86	(0.72)	1.31	(1.34)	6.87
FTXFX	1.05	0.14	0.10	0.28	1.22	(1.10)	1.97	(1.69)	7.99
FTVNX	0.67	0.01	(0.01)	0.04	0.83	(0.76)	1.33	(1.33)	6.88
FTVSX	0.67	0.01	(0.01)	0.04	0.84	(0.74)	1.30	(1.30)	6.86

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