Fuller Thaler Correlations

FTVNX Fund

USD 34.95 0.09 0.26%

The current 90-days correlation between Fuller Thaler Behavioral and Pace International Emerging is -0.08 (i.e., Good 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

Good diversification

The correlation between Fuller Thaler Behavioral and DJI is -0.16 (i.e., 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 producer price index.

Moving together with Fuller Mutual Fund

0.65	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.84	FTMSX	Fuller Thaler Behavioral	Pair Corr
0.73	FTSIX	Fuller Thaler Behavioral	Pair Corr
0.67	FTVAX	Fuller Thaler Behavioral	Pair Corr
0.67	FTVSX	Fuller Thaler Behavioral	Pair Corr
0.67	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.63	JVMAX	John Hancock Disciplined	Pair Corr
0.73	JVMIX	John Hancock Disciplined	Pair Corr
0.87	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.86	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.87	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.86	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.87	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.75	VETAX	Victory Sycamore Est	Pair Corr
0.61	SWLSX	Schwab Large Cap	Pair Corr

Moving against Fuller Mutual Fund

0.88	UIPIX	Ultrashort Mid Cap	Pair Corr
0.62	USPSX	Profunds Ultrashort	Pair Corr
0.62	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	PCEMX	HCEMX	ATWCX	FEMDX	ABNTX	ZEMIX	EMSLX	XEMDX
PCEMX		1.0	0.97	0.95	0.91	0.99	0.99	0.93	PCEMX
HCEMX	1.0		0.96	0.95	0.91	0.99	0.98	0.92	HCEMX
ATWCX	0.97	0.96		0.97	0.9	0.96	0.95	0.94	ATWCX
FEMDX	0.95	0.95	0.97		0.94	0.95	0.94	0.98	FEMDX
ABNTX	0.91	0.91	0.9	0.94		0.91	0.9	0.88	ABNTX
ZEMIX	0.99	0.99	0.96	0.95	0.91		0.99	0.93	ZEMIX
EMSLX	0.99	0.98	0.95	0.94	0.9	0.99		0.91	EMSLX
XEMDX	0.93	0.92	0.94	0.98	0.88	0.93	0.91		XEMDX
	PCEMX	HCEMX	ATWCX	FEMDX	ABNTX	ZEMIX	EMSLX	XEMDX

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
PCEMX	0.54	0.10	0.06	0.35	0.31	(0.63)	1.27	(0.92)	3.37
HCEMX	0.51	0.08	0.06	0.27	0.31	(0.61)	1.16	(0.95)	3.35
ATWCX	0.48	0.19	0.09	(0.63)	0.22	(0.57)	1.37	(0.85)	3.32
FEMDX	0.14	0.08	(0.19)	(1.95)	0.00	(0.20)	0.40	(0.16)	0.91
ABNTX	0.13	0.03	(0.44)	1.44	0.00	(0.18)	0.29	(0.19)	0.59
ZEMIX	0.58	0.06	0.04	0.21	0.44	(0.73)	1.34	(1.07)	4.17
EMSLX	0.62	0.09	0.04	0.30	0.48	(0.74)	1.36	(0.88)	3.89
XEMDX	0.19	0.06	(0.17)	(0.95)	0.00	(0.23)	0.46	(0.28)	1.22

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