Fuller Thaler Correlations

FTHNX Fund

USD 46.32 0.48 1.05%

The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 1.0 (i.e., No risk reduction). 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

Weak diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.32 (i.e., Weak 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

1.0	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.89	FTSAX	Fuller Thaler Behavioral	Pair Corr
0.83	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.64	FTVAX	Fuller Thaler Behavioral	Pair Corr
0.71	FTVCX	Fuller Thaler Behavioral	Pair Corr
0.7	FTVNX	Fuller Thaler Behavioral	Pair Corr
0.69	FTVSX	Fuller Thaler Behavioral	Pair Corr
0.69	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.72	FSSNX	Fidelity Small Cap	Pair Corr
0.69	DFSTX	Us Small Cap	Pair Corr
0.93	PASVX	T Rowe Price	Pair Corr
0.93	PRVIX	T Rowe Price	Pair Corr
0.93	TRZVX	T Rowe Price	Pair Corr
0.93	PRSVX	T Rowe Price	Pair Corr
0.62	PCF	Putnam High Income	Pair Corr
0.65	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Fuller Mutual Fund

0.83	BTCRX	Vest Bitcoin Strategy	Pair Corr
0.63	TSDCX	Touchstone Ultra Short	Pair Corr
0.61	XNKGX	Nuveen Georgia Quality	Pair Corr
0.4	PFN	Pimco Income Strategy	Pair Corr
0.4	XPPRX	Voya Prime Rate	Pair Corr
0.38	BWDTX	Boyd Watterson	Pair Corr

Related Correlations Analysis

	FTHSX	UBVAX	CCVAX	DSENX	PARMX
FTHSX		0.88	0.77	0.63	0.94	FTHSX
UBVAX	0.88		0.95	0.86	0.86	UBVAX
CCVAX	0.77	0.95		0.95	0.74	CCVAX
DSENX	0.63	0.86	0.95		0.66	DSENX
PARMX	0.94	0.86	0.74	0.66		PARMX
	FTHSX	UBVAX	CCVAX	DSENX	PARMX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTHSX	0.88	(0.11)	0.00	(0.11)	0.00	0.00	1.71	(1.50)	12.50
UBVAX	0.85	(0.02)	(0.06)	0.04	1.13	(0.90)	1.62	(1.74)	9.54
CCVAX	0.82	0.00	(0.04)	0.09	0.99	(0.93)	1.48	(1.66)	9.12
DSENX	0.59	0.02	(0.04)	0.17	0.73	(0.65)	1.26	(0.97)	5.26
PARMX	0.77	(0.16)	0.00	(0.24)	0.00	0.00	1.47	(2.04)	6.27

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