Fuller Thaler Correlations

FTXSX Fund

USD 50.35 0.07 0.14%

The current 90-days correlation between Fuller Thaler Behavioral and Money Market Obligations is 0.01 (i.e., Significant 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

Modest diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.2 (i.e., Modest 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

0.95	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.91	FTSAX	Fuller Thaler Behavioral	Pair Corr
0.87	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVAX	Fuller Thaler Behavioral	Pair Corr
0.92	FTVCX	Fuller Thaler Behavioral	Pair Corr
1.0	FTXFX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVNX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVSX	Fuller Thaler Behavioral	Pair Corr
0.93	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.96	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.94	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.94	FTZIX	Fuller Thaler Behavioral	Pair Corr
1.0	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.97	VSGAX	Vanguard Small Cap	Pair Corr
0.97	VSGIX	Vanguard Small Cap	Pair Corr
0.97	VISGX	Vanguard Small Cap	Pair Corr
0.94	VEXPX	Vanguard Explorer	Pair Corr
0.94	VEXRX	Vanguard Explorer	Pair Corr
0.92	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.92	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.92	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	LSHUX	Horizon Spin Off	Pair Corr
0.91	EMO	Clearbridge Energy Mlp	Pair Corr
0.91	CLM	Cornerstone Strategic	Pair Corr
0.66	FSUTX	Utilities Portfolio	Pair Corr
0.67	AMECX	Income Fund	Pair Corr
0.92	FGB	First Trust Specialty	Pair Corr

Related Correlations Analysis

	POIXX	AEYXX	PFCXX	JHMXX	STSEX
POIXX		0.0	0.0	0.0	0.02	POIXX
AEYXX	0.0		0.0	0.0	0.0	AEYXX
PFCXX	0.0	0.0		0.0	0.0	PFCXX
JHMXX	0.0	0.0	0.0		0.0	JHMXX
STSEX	0.02	0.0	0.0	0.0		STSEX
	POIXX	AEYXX	PFCXX	JHMXX	STSEX

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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

STSEX	+ 0.02	POIXX
AEYXX	+ 0.0	POIXX
PFCXX	+ 0.0	POIXX
JHMXX	+ 0.0	POIXX
PFCXX	+ 0.0	AEYXX
JHMXX	+ 0.0	AEYXX

High negative correlations

STSEX	- 0.0	JHMXX
STSEX	- 0.0	PFCXX
JHMXX	- 0.0	PFCXX
STSEX	- 0.0	AEYXX
JHMXX	- 0.0	AEYXX
PFCXX	- 0.0	AEYXX

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
POIXX	0.03	0.01	0.00	(2.95)	0.00	0.00	0.00	0.00	1.01
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.46	(0.05)	(0.11)	0.03	0.62	(0.49)	0.89	(0.76)	3.90

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