Fuller Thaler Correlations

Mutual Funds . USA . 
Fund . Fuller Thaler Behavioral
FTHNX Fund  USD 45.00  0.94  2.05%   
The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is -0.37 (i.e., Very good 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 0.88 (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 board of governors.

Moving together with Fuller Mutual Fund

  0.95FTHSX Fuller Thaler BehavioralPairCorr
  0.93FTMSX Fuller Thaler BehavioralPairCorr
  0.93FTSAX Fuller Thaler BehavioralPairCorr
  0.98FTSIX Fuller Thaler BehavioralPairCorr
  0.94FTVCX Fuller Thaler Behavioral Potential GrowthPairCorr
  0.98FTXFX Fuller Thaler BehavioralPairCorr
  0.98FTVNX Fuller Thaler Behavioral Potential GrowthPairCorr
  0.98FTVZX Fuller Thaler Behavioral Potential GrowthPairCorr
  0.61FTZCX Fuller Thaler BehavioralPairCorr
  0.63FTXNX Fuller Thaler BehavioralPairCorr
  0.63FTXSX Fuller Thaler BehavioralPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.94CPAYX Columbia Pacific/asiaPairCorr
  0.92CASAX Columbia Pacific/asiaPairCorr
  0.95CASCX Columbia PacificasiaPairCorr
  0.93MSKLX Mid Cap GrowthPairCorr
  0.93CISGX Touchstone Sands CapitalPairCorr
  0.93MPEGX Mid Cap GrowthPairCorr
  0.93RSGRX Victory Rs GrowthPairCorr
  0.95FTCCX Franklin ConservativePairCorr
  0.94NWALX Nationwide Bny MellonPairCorr
  0.61VSRAX Invesco Small CapPairCorr

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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