Fuller Thaler Correlations

Mutual Funds . USA . 
Fund . Fuller Thaler Behavioral
FTZIX Fund  USD 54.07  0.76  1.43%   
The current 90-days correlation between Fuller Thaler Behavioral and Fuller Thaler Behavioral is 0.87 (i.e., Very poor 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

Very poor diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.89 (i.e., Very poor 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 gross domestic product.

Moving together with Fuller Mutual Fund

  0.97FTHNX Fuller Thaler BehavioralPairCorr
  0.97FTHSX Fuller Thaler BehavioralPairCorr
  0.9FTMSX Fuller Thaler Behavioral Steady GrowthPairCorr
  0.98FTSAX Fuller Thaler BehavioralPairCorr
  0.98FTSIX Fuller Thaler BehavioralPairCorr
  0.84FTVAX Fuller Thaler BehavioralPairCorr
  0.81FTVCX Fuller Thaler BehavioralPairCorr
  0.95FTXFX Fuller Thaler BehavioralPairCorr
  0.9FTVNX Fuller Thaler BehavioralPairCorr
  0.9FTVSX Fuller Thaler BehavioralPairCorr
  0.9FTVZX Fuller Thaler BehavioralPairCorr
  1.0FTZAX Fuller Thaler BehavioralPairCorr
  1.0FTZCX Fuller Thaler BehavioralPairCorr
  0.95FTXNX Fuller Thaler BehavioralPairCorr
  0.95FTXSX Fuller Thaler BehavioralPairCorr
  0.94VIMAX Vanguard Mid CapPairCorr
  0.94VIMSX Vanguard Mid CapPairCorr
  0.94VMCPX Vanguard Mid CapPairCorr
  0.94VMCIX Vanguard Mid CapPairCorr
  0.96VEXAX Vanguard Extended MarketPairCorr
  0.96VEMPX Vanguard Extended MarketPairCorr
  0.92VIEIX Vanguard Extended MarketPairCorr
  0.96VSEMX Vanguard Extended MarketPairCorr
  0.96VEXMX Vanguard Extended MarketPairCorr
  0.92FSMAX Fidelity Extended MarketPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.94WBCIX William Blair SmallPairCorr
  0.86FPURX Fidelity PuritanPairCorr
  0.93VWENX Vanguard WellingtonPairCorr
  0.94VSMVX Vanguard Sp SmallPairCorr

Related Correlations Analysis

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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.

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