Fuller Thaler Correlations

FTHSX Fund

USD 49.46 0.31 0.63%

The current 90-days correlation between Fuller Thaler Behavioral and Goldman Sachs Gqg is 0.02 (i.e., Significant 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 good diversification

The correlation between Fuller Thaler Behavioral and DJI is -0.22 (i.e., Very good 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

0.75	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.88	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.63	FTSAX	Fuller Thaler Behavioral	Pair Corr
0.98	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.66	FTVNX	Fuller Thaler Behavioral	Pair Corr
0.61	FTZCX	Fuller Thaler Behavioral	Pair Corr
0.7	FTXSX	Fuller Thaler Behavioral Steady Growth	Pair Corr
0.92	VSMAX	Vanguard Small Cap	Pair Corr
0.92	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.72	PASVX	T Rowe Price	Pair Corr
0.76	PRVIX	T Rowe Price	Pair Corr
0.92	TRZVX	T Rowe Price	Pair Corr
0.86	PRSVX	T Rowe Price	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTISX	Vanguard Total Inter	Pair Corr
0.93	VTSNX	Vanguard Total Inter	Pair Corr
0.93	VTPSX	Vanguard Total Inter	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.62	VTSAX	Vanguard Total Stock	Pair Corr
0.65	SNSAX	Saat Defensive Strategy	Pair Corr
0.72	IEDAX	Voya Large Cap	Pair Corr
0.62	PLSPX	Principal Lifetime	Pair Corr
0.89	LCAOX	Lazard Capital Allocator	Pair Corr
0.83	MNDWX	Manning Napier Diver	Pair Corr
0.63	FDOKX	Oklahoma College Savings	Pair Corr
0.91	FSAVX	Automotive Portfolio	Pair Corr
0.92	LYRBX	Lyrical Value Equity	Pair Corr

Related Correlations Analysis

	GSIMX	EGFIX	PBDPX	OANIX	UBVLX
GSIMX		-0.03	0.38	0.63	0.58	GSIMX
EGFIX	-0.03		0.17	0.55	0.54	EGFIX
PBDPX	0.38	0.17		0.53	0.61	PBDPX
OANIX	0.63	0.55	0.53		0.9	OANIX
UBVLX	0.58	0.54	0.61	0.9		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

UBVLX	+ 0.9	OANIX
OANIX	+ 0.63	GSIMX
UBVLX	+ 0.61	PBDPX
UBVLX	+ 0.58	GSIMX
OANIX	+ 0.55	EGFIX
UBVLX	+ 0.54	EGFIX

High negative correlations

EGFIX

- 0.03

GSIMX

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	0.42	(0.03)	(0.18)	0.05	0.56	(0.41)	0.81	(0.85)	2.51
EGFIX	0.71	0.07	(0.09)	(0.23)	0.86	(0.71)	1.32	(1.61)	4.49
PBDPX	0.23	0.02	(0.34)	0.41	0.08	(0.33)	0.55	(0.34)	1.22
OANIX	0.72	0.07	(0.06)	30.78	0.79	(0.75)	1.47	(1.39)	3.91
UBVLX	0.93	0.20	0.03	(0.68)	0.82	(1.11)	2.49	(1.77)	4.86

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