Fuller Thaler Correlations

FTSAX Fund

USD 37.42 0.54 1.42%

The current 90-days correlation between Fuller Thaler Behavioral and Western Asset High is 0.55 (i.e., Very weak 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

Good diversification

The correlation between Fuller Thaler Behavioral and DJI is -0.11 (i.e., Good 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

0.88	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.71	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.94	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.73	FTXFX	Fuller Thaler Behavioral	Pair Corr
0.99	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.61	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.89	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.97	FTZIX	Fuller Thaler Behavioral	Pair Corr
0.61	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.64	FTXSX	Fuller Thaler Behavioral	Pair Corr
0.89	VSMAX	Vanguard Small Cap	Pair Corr
0.89	VSCIX	Vanguard Small Cap	Pair Corr
0.89	VSCPX	Vanguard Small Cap	Pair Corr
0.89	NAESX	Vanguard Small Cap	Pair Corr
0.89	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.89	PASVX	T Rowe Price	Pair Corr
0.89	PRVIX	T Rowe Price	Pair Corr
0.89	TRZVX	T Rowe Price	Pair Corr
0.89	PRSVX	T Rowe Price	Pair Corr
0.82	FSMMX	Fs Multi Strategy	Pair Corr
0.88	BTMPX	Ishares Msci Eafe	Pair Corr
0.88	BTMKX	Blackrock International	Pair Corr
0.83	MDIIX	Blackrock Intern Index	Pair Corr
0.75	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.72	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.91	DNHYX	Dunham High Yield	Pair Corr
0.87	MEMLX	Msif Emerging Markets	Pair Corr
0.74	APGXX	Cavanal Hill Funds	Pair Corr
0.89	MXAHX	Great West Lifetime	Pair Corr
0.96	MITDX	Massachusetts Investors	Pair Corr
0.71	RYOAX	Biotechnology Fund Class	Pair Corr

Related Correlations Analysis

	XHYIX	IEMSX	FABWX	WMCANX	FBANJX	FLAKQX	WRLDX	TMVAX
XHYIX		0.13	0.82	0.9	0.84	0.84	0.92	0.92	XHYIX
IEMSX	0.13		0.0	0.01	-0.02	0.01	0.06	0.09	IEMSX
FABWX	0.82	0.0		0.96	0.99	0.99	0.91	0.93	FABWX
WMCANX	0.9	0.01	0.96		0.96	0.96	0.98	0.97	WMCANX
FBANJX	0.84	-0.02	0.99	0.96		0.99	0.92	0.94	FBANJX
FLAKQX	0.84	0.01	0.99	0.96	0.99		0.91	0.94	FLAKQX
WRLDX	0.92	0.06	0.91	0.98	0.92	0.91		0.95	WRLDX
TMVAX	0.92	0.09	0.93	0.97	0.94	0.94	0.95		TMVAX
	XHYIX	IEMSX	FABWX	WMCANX	FBANJX	FLAKQX	WRLDX	TMVAX

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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

FBANJX	+ 0.99	FABWX
FLAKQX	+ 0.99	FABWX
FLAKQX	+ 0.99	FBANJX
WRLDX	+ 0.98	WMCANX
TMVAX	+ 0.97	WMCANX
WMCANX	+ 0.96	FABWX

High negative correlations

FBANJX	- 0.02	IEMSX
FABWX	- 0.0	IEMSX

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
XHYIX	0.22	0.00	(0.11)	0.14	0.43	(0.21)	0.43	(0.84)	1.53
IEMSX	0.53	0.25	0.31	7.96	0.00	(0.70)	1.43	(0.74)	3.20
FABWX	1.00	0.10	0.05	0.17	1.72	(1.02)	2.27	(2.46)	12.89
WMCANX	0.79	0.13	0.04	(2.28)	1.33	(0.80)	1.61	(1.45)	8.60
FBANJX	0.79	0.04	0.02	0.13	1.26	(0.80)	1.60	(1.59)	9.15
FLAKQX	1.05	0.12	0.06	0.19	1.62	(1.04)	1.96	(2.27)	12.35
WRLDX	0.76	0.06	(0.01)	(5.29)	1.30	(0.74)	1.37	(1.45)	6.56
TMVAX	1.11	0.18	0.06	(2.59)	1.44	(1.26)	2.46	(2.14)	9.89

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