Fuller Thaler Correlations

Mutual Funds . USA . 
Fund . Fuller Thaler Behavioral
FTZAX Fund  USD 54.45  0.36  0.66%   
The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 0.96 (i.e., Almost no 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

Almost no diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.93 (i.e., Almost no 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

  0.98FTHNX Fuller Thaler BehavioralPairCorr
  0.98FTHSX Fuller Thaler BehavioralPairCorr
  0.98FTMSX Fuller Thaler BehavioralPairCorr
  0.99FTSAX Fuller Thaler BehavioralPairCorr
  0.99FTSIX Fuller Thaler BehavioralPairCorr
  0.99FTVAX Fuller Thaler BehavioralPairCorr
  0.99FTVCX Fuller Thaler BehavioralPairCorr
  0.98FTXFX Fuller Thaler BehavioralPairCorr
  0.99FTVNX Fuller Thaler BehavioralPairCorr
  0.99FTVSX Fuller Thaler BehavioralPairCorr
  0.99FTVZX Fuller Thaler BehavioralPairCorr
  1.0FTZCX Fuller Thaler BehavioralPairCorr
  1.0FTZIX Fuller Thaler BehavioralPairCorr
  0.98FTXNX Fuller Thaler BehavioralPairCorr
  0.98FTXSX Fuller Thaler BehavioralPairCorr
  0.99VIMAX Vanguard Mid CapPairCorr
  0.99VIMSX Vanguard Mid CapPairCorr
  0.99VMCPX Vanguard Mid CapPairCorr
  0.99VMCIX Vanguard Mid CapPairCorr
  0.99VEXAX Vanguard Extended MarketPairCorr
  0.99VEMPX Vanguard Extended MarketPairCorr
  0.99VIEIX Vanguard Extended MarketPairCorr
  0.99VSEMX Vanguard Extended MarketPairCorr
  0.99VEXMX Vanguard Extended MarketPairCorr
  0.99FSMAX Fidelity Extended MarketPairCorr
  0.96SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.96SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.89EMO Clearbridge Energy MlpPairCorr
  0.8OSPPX Oppenheimer Steelpath MlpPairCorr
  0.79SPMPX Invesco Steelpath MlpPairCorr
  0.8MLPNX Oppenheimer Steelpath MlpPairCorr
  0.97RSNYX Victory Global Natural Steady GrowthPairCorr
  0.73MLPLX Oppenheimer Steelpath MlpPairCorr
  0.97RSNRX Victory Global Natural Steady GrowthPairCorr
  0.79SPMJX Invesco Steelpath MlpPairCorr
  0.98SBQAX Americafirst Large CapPairCorr
  0.99ROFCX Royce OpportunityPairCorr
  0.99BSMKX Blackrock Smallmid CapPairCorr
  0.99BERBX Carillon Chartwell MidPairCorr

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   
FTHSX
+ 1.0
FTHNX
FTHAX
+ 1.0
FTHNX
FTHFX
+ 1.0
FTHNX
FTHAX
+ 1.0
FTHSX
FTHFX
+ 1.0
FTHSX
FTHFX
+ 1.0
FTHAX
  
High negative correlations   
FTSIX
- 0.0
CH0473243506
FTSAX
- 0.0
CH0473243506
CH0473243506
- 0.0
FTMSX
FTSIX
- 0.0
FTHIX
FTSAX
- 0.0
FTHIX
CH0473243506
- 0.0
FTHIX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FTHNX  1.00  0.05  0.05  0.28  0.87 
(1.16)
 2.27 
(1.80)
 11.95 
FTHSX  1.00  0.05  0.05  0.28  0.87 
(1.17)
 2.25 
(1.83)
 11.93 
FTHAX  1.00  0.05  0.05  0.28  0.87 
(1.13)
 2.28 
(1.83)
 11.91 
FTHFX  1.00  0.05  0.05  0.28  0.87 
(1.14)
 2.28 
(1.82)
 11.94 
FTHIX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
FTMSX  1.53  0.11  0.10  0.32  1.40 
(1.78)
 3.39 
(3.05)
 15.61 
CH0473243506  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
FTSAX  1.08 (0.01) 0.00  0.23  1.07 
(1.24)
 2.27 
(1.81)
 11.61 
FTSIX  1.08 (0.01) 0.00  0.23  1.07 
(1.28)
 2.26 
(1.80)
 11.63 

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