Fuller Thaler Correlations

FTHSX Fund

USD 50.73 0.25 0.50%

The current 90-days correlation between Fuller Thaler Behavioral and Akre Focus Fund is 0.1 (i.e., Average 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

Poor diversification

The correlation between Fuller Thaler Behavioral and DJI is 0.79 (i.e., 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 main economic indicators.

Moving together with Fuller Mutual Fund

1.0	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.91	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.66	FTVSX	Fuller Thaler Behavioral	Pair Corr
0.64	FTXNX	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
0.86	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.65	VSMPX	Vanguard Total Stock	Pair Corr
0.65	VITSX	Vanguard Total Stock	Pair Corr
0.79	SNWRX	Easterly Snow Small	Pair Corr
0.61	FRBWX	Fidelity Freedom Index	Pair Corr
0.86	IIRSX	Voya Russelltm Small	Pair Corr
0.72	VHYRX	Voya High Yield	Pair Corr
0.71	VMAVX	Vmavx	Pair Corr
0.78	ARHVX	American Century Inv	Pair Corr
0.71	PEIRX	Pnc International Equity	Pair Corr
0.63	LLLRX	Qs Growth Fund	Pair Corr
0.9	HUSIX	Huber Capital Small	Pair Corr

Moving against Fuller Mutual Fund

0.44

BULIX

Utilities Fund Investor

Pair Corr

Related Correlations Analysis

	AKRIX	HILDX	HILRX	HGIYX	PBLAX	PAROX	JDEAX	VSCGX
AKRIX		-0.31	-0.37	-0.06	0.3	-0.25	-0.2	-0.4	AKRIX
HILDX	-0.31		0.81	-0.47	-0.69	0.72	0.06	0.58	HILDX
HILRX	-0.37	0.81		0.1	-0.26	0.78	0.41	0.64	HILRX
HGIYX	-0.06	-0.47	0.1		0.81	0.07	0.63	0.14	HGIYX
PBLAX	0.3	-0.69	-0.26	0.81		-0.2	0.56	-0.16	PBLAX
PAROX	-0.25	0.72	0.78	0.07	-0.2		0.56	0.92	PAROX
JDEAX	-0.2	0.06	0.41	0.63	0.56	0.56		0.59	JDEAX
VSCGX	-0.4	0.58	0.64	0.14	-0.16	0.92	0.59		VSCGX
	AKRIX	HILDX	HILRX	HGIYX	PBLAX	PAROX	JDEAX	VSCGX

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

VSCGX	+ 0.92	PAROX
HILRX	+ 0.81	HILDX
PBLAX	+ 0.81	HGIYX
PAROX	+ 0.78	HILRX
PAROX	+ 0.72	HILDX
VSCGX	+ 0.64	HILRX

High negative correlations

PBLAX	- 0.69	HILDX
HGIYX	- 0.47	HILDX
VSCGX	- 0.4	AKRIX
HILRX	- 0.37	AKRIX
HILDX	- 0.31	AKRIX
PBLAX	- 0.26	HILRX

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
AKRIX	0.71	(0.14)	0.00	(0.86)	0.00	0.00	1.19	(1.77)	5.02
HILDX	0.58	0.05	0.05	0.12	0.56	(0.66)	1.27	(0.97)	4.15
HILRX	0.56	(0.02)	(0.06)	0.02	0.78	(0.55)	1.22	(1.23)	4.02
HGIYX	0.70	(0.18)	0.00	(0.35)	0.00	0.00	1.19	(1.30)	11.26
PBLAX	0.95	(0.37)	0.00	(0.80)	0.00	0.00	1.07	(1.74)	18.45
PAROX	0.52	(0.03)	(0.05)	0.02	0.75	(0.51)	1.10	(1.09)	3.00
JDEAX	0.61	(0.05)	0.00	(0.18)	0.00	0.00	1.22	(1.44)	5.89
VSCGX	0.24	(0.02)	(0.16)	0.01	0.31	(0.24)	0.54	(0.49)	1.43

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