Fuller Thaler Correlations

FTHSX Fund

USD 47.95 1.22 2.48%

The current 90-days correlation between Fuller Thaler Behavioral and Goldman Sachs Gqg is 0.34 (i.e., 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

Very poor diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.81 (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 manufacturing.

Moving together with Fuller Mutual Fund

1.0	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.9	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.9	FTSAX	Fuller Thaler Behavioral	Pair Corr
0.95	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.94	FTXFX	Fuller Thaler Behavioral	Pair Corr
0.76	FTZAX	Fuller Thaler Behavioral Potential Growth	Pair Corr
0.83	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.8	FTZIX	Fuller Thaler Behavioral Potential Growth	Pair Corr
0.93	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.94	FTXSX	Fuller Thaler Behavioral	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.95	VSCPX	Vanguard Small Cap	Pair Corr
0.95	NAESX	Vanguard Small Cap	Pair Corr
0.94	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.94	PASVX	T Rowe Price	Pair Corr
0.94	PRVIX	T Rowe Price	Pair Corr
0.94	TRZVX	T Rowe Price	Pair Corr
0.94	PRSVX	T Rowe Price	Pair Corr
0.85	GAAKX	Gmo Alternative Allo	Pair Corr
0.85	GAAGX	Gmo Alternative Allo	Pair Corr
0.9	GPBFX	Gmo E Plus	Pair Corr
0.77	GPMFX	Guidepath Managed Futures	Pair Corr
0.87	PQTAX	Pimco Trends Managed	Pair Corr
0.89	PQTNX	Pimco Trends Managed	Pair Corr
0.89	PQTIX	Aa Pimco Tr	Pair Corr
0.86	WARCX	Wells Fargo Advantage	Pair Corr
0.91	GSCDX	Goldman Sachs Emerging	Pair Corr
0.86	TAGRX	Fundamental Large Cap	Pair Corr
0.94	COAVX	Columbia Overseas Value	Pair Corr
0.84	LZOEX	Lazard Emerging Markets	Pair Corr
0.94	EPEIX	Ep Emerging Markets	Pair Corr
0.92	ACVAX	Strategic Allocation:	Pair Corr

Moving against Fuller Mutual Fund

0.33	FTVCX	Fuller Thaler Behavioral	Pair Corr
0.32	FTVAX	Fuller Thaler Behavioral	Pair Corr

Related Correlations Analysis

	GSIMX	EGFIX	PBDPX	OANIX	UBVLX
GSIMX		-0.31	0.46	0.68	0.58	GSIMX
EGFIX	-0.31		-0.22	0.17	-0.19	EGFIX
PBDPX	0.46	-0.22		0.6	0.48	PBDPX
OANIX	0.68	0.17	0.6		0.59	OANIX
UBVLX	0.58	-0.19	0.48	0.59		UBVLX
	GSIMX	EGFIX	PBDPX	OANIX	UBVLX

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

OANIX	+ 0.68	GSIMX
OANIX	+ 0.6	PBDPX
UBVLX	+ 0.59	OANIX
UBVLX	+ 0.58	GSIMX
UBVLX	+ 0.48	PBDPX
PBDPX	+ 0.46	GSIMX

High negative correlations

EGFIX	- 0.31	GSIMX
PBDPX	- 0.22	EGFIX
UBVLX	- 0.19	EGFIX

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
GSIMX	0.36	(0.03)	(0.12)	(0.02)	0.51	(0.35)	0.71	(0.75)	2.23
EGFIX	0.69	(0.06)	(0.06)	0.00	0.98	(0.64)	1.21	(1.61)	4.25
PBDPX	0.21	0.03	(0.08)	0.56	0.00	(0.29)	0.45	(0.33)	1.22
OANIX	0.67	0.00	(0.01)	0.05	0.84	(0.64)	1.24	(1.24)	3.91
UBVLX	0.80	(0.10)	0.00	(0.01)	0.00	0.00	1.87	(1.26)	4.88

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