Correlation Between Fuller Thaler and Fidelity Advisor

Can any of the company-specific risk be diversified away by investing in both Fuller Thaler and Fidelity Advisor at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Fuller Thaler and Fidelity Advisor into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Fuller Thaler Behavioral and Fidelity Advisor Small, you can compare the effects of market volatilities on Fuller Thaler and Fidelity Advisor and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Fuller Thaler with a short position of Fidelity Advisor. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fuller Thaler and Fidelity Advisor.

Diversification Opportunities for Fuller Thaler and Fidelity Advisor

0.0

Correlation Coefficient

Fuller Thaler  Fidelity Advisor

Pay attention - limited upside

The 3 months correlation between Fuller and Fidelity is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Fuller Thaler Behavioral and Fidelity Advisor Small in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fidelity Advisor Small and Fuller Thaler is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Fuller Thaler Behavioral are associated (or correlated) with Fidelity Advisor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fidelity Advisor Small has no effect on the direction of Fuller Thaler i.e., Fuller Thaler and Fidelity Advisor go up and down completely randomly.

Pair Corralation between Fuller Thaler and Fidelity Advisor

If you would invest  4,831  in Fuller Thaler Behavioral on August 26, 2025 and sell it today you would earn a total of  341.00  from holding Fuller Thaler Behavioral or generate 7.06% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Fuller Thaler Behavioral  vs.  Fidelity Advisor Small

Fuller Thaler Behavioral

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Fuller Thaler Behavioral are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Fuller Thaler may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Fidelity Advisor Small

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Advisor Small are ranked lower than 1 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Fidelity Advisor is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Fuller Thaler and Fidelity Advisor

The main advantage of trading using opposite Fuller Thaler and Fidelity Advisor positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fuller Thaler position performs unexpectedly, Fidelity Advisor can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fidelity Advisor will offset losses from the drop in Fidelity Advisor's long position.

The idea behind Fuller Thaler Behavioral and Fidelity Advisor Small pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.