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

  0.88FTHNX Fuller Thaler BehavioralPairCorr
  0.71FTHSX Fuller Thaler BehavioralPairCorr
  0.94FTMSX Fuller Thaler BehavioralPairCorr
  0.73FTXFX Fuller Thaler BehavioralPairCorr
  0.99FTVZX Fuller Thaler BehavioralPairCorr
  0.61FTZAX Fuller Thaler BehavioralPairCorr
  0.89FTZCX Fuller Thaler BehavioralPairCorr
  0.97FTZIX Fuller Thaler BehavioralPairCorr
  0.61FTXNX Fuller Thaler BehavioralPairCorr
  0.64FTXSX Fuller Thaler BehavioralPairCorr
  0.89VSMAX Vanguard Small CapPairCorr
  0.89VSCIX Vanguard Small CapPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.89FSSNX Fidelity Small CapPairCorr
  0.98DFSTX Us Small CapPairCorr
  0.89PASVX T Rowe PricePairCorr
  0.89PRVIX T Rowe PricePairCorr
  0.89TRZVX T Rowe PricePairCorr
  0.89PRSVX T Rowe PricePairCorr
  0.82FSMMX Fs Multi StrategyPairCorr
  0.88BTMPX Ishares Msci EafePairCorr
  0.88BTMKX Blackrock InternationalPairCorr
  0.83MDIIX Blackrock Intern IndexPairCorr
  0.75SPMPX Invesco Steelpath MlpPairCorr
  0.72MLPNX Oppenheimer Steelpath MlpPairCorr
  0.7MLPMX Oppenheimer Steelpath MlpPairCorr
  0.75SPMJX Invesco Steelpath MlpPairCorr
  0.91DNHYX Dunham High YieldPairCorr
  0.87MEMLX Msif Emerging MarketsPairCorr
  0.74APGXX Cavanal Hill FundsPairCorr
  0.89MXAHX Great West LifetimePairCorr
  0.96MITDX Massachusetts InvestorsPairCorr
  0.71RYOAX Biotechnology Fund ClassPairCorr

Related Correlations Analysis

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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   
FBANJXFABWX
FLAKQXFABWX
FLAKQXFBANJX
WRLDXWMCANX
TMVAXWMCANX
WMCANXFABWX
  
High negative correlations   
FBANJXIEMSX
FABWXIEMSX

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.