Timothy Aggressive Correlations

TAAGX Fund

USD 14.28 0.17 1.20%

The current 90-days correlation between Timothy Aggressive Growth and Timothy Fixed Income is -0.06 (i.e., Good diversification). The correlation of Timothy Aggressive 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.

Timothy Aggressive Correlation With Market

Poor diversification

The correlation between Timothy Aggressive Growth and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Aggressive Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Timothy Aggressive Growth. 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 price.

Moving together with Timothy Mutual Fund

1.0	TIAGX	Timothy Aggressive Growth	Pair Corr
0.75	TICIX	Timothy Israel Mon	Pair Corr
0.73	TISGX	Timothy Plan Strategic	Pair Corr
0.98	TLGCX	Timothy Large/mip-cap	Pair Corr
0.98	TLGAX	Timothy Plan Large	Pair Corr
0.73	TLVCX	Timothy Large/mid-cap	Pair Corr
0.75	TLVAX	Timothy Large/mid-cap	Pair Corr
0.75	TMVIX	Timothy Largemid Cap	Pair Corr
0.75	TPAIX	Timothy Israel Mon	Pair Corr
0.74	TPCIX	Timothy Israel Mon	Pair Corr
0.62	TPHCX	Timothy Plan High	Pair Corr
0.68	TPHAX	Timothy Plan High	Pair Corr
0.71	TPHIX	Timothy Plan High	Pair Corr
0.98	TPLIX	Timothy Large/mip-cap	Pair Corr
0.82	TPLNX	Timothy Small Cap	Pair Corr
0.82	TPVIX	Timothy Small Cap	Pair Corr
0.7	TSGCX	Timothy Strategic Growth	Pair Corr
0.72	TSGAX	Timothy Strategic Growth	Pair Corr
0.81	TSVCX	Timothy Plan Small	Pair Corr
1.0	TCAGX	Timothy Aggressive Growth	Pair Corr
0.96	PAMCX	T Rowe Price	Pair Corr
0.96	RRMGX	T Rowe Price	Pair Corr
0.96	TRQZX	T Rowe Price	Pair Corr
0.96	RPMGX	T Rowe Price	Pair Corr

Moving against Timothy Mutual Fund

0.7	TFICX	Timothy Fixed Income	Pair Corr
0.69	TFIAX	Timothy Fixed Income	Pair Corr
0.69	TPFIX	Timothy Fixed Income	Pair Corr
0.6	XNXJX	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	TFICX	TFIAX	TGCIX	TGIAX	TICIX	TIICX	TIGIX	TISGX	TLGCX
TFICX		1.0	0.18	0.11	-0.88	0.26	0.07	-0.15	-0.74	TFICX
TFIAX	1.0		0.19	0.13	-0.88	0.27	0.08	-0.13	-0.73	TFIAX
TGCIX	0.18	0.19		1.0	0.01	0.89	0.99	0.84	0.42	TGCIX
TGIAX	0.11	0.13	1.0		0.07	0.88	1.0	0.85	0.47	TGIAX
TICIX	-0.88	-0.88	0.01	0.07		-0.09	0.11	0.27	0.76	TICIX
TIICX	0.26	0.27	0.89	0.88	-0.09		0.87	0.92	0.36	TIICX
TIGIX	0.07	0.08	0.99	1.0	0.11	0.87		0.86	0.51	TIGIX
TISGX	-0.15	-0.13	0.84	0.85	0.27	0.92	0.86		0.67	TISGX
TLGCX	-0.74	-0.73	0.42	0.47	0.76	0.36	0.51	0.67		TLGCX
	TFICX	TFIAX	TGCIX	TGIAX	TICIX	TIICX	TIGIX	TISGX	TLGCX

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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

TFIAX	+ 1.0	TFICX
TGIAX	+ 1.0	TGCIX
TIGIX	+ 1.0	TGIAX
TIGIX	+ 0.99	TGCIX
TISGX	+ 0.92	TIICX
TIICX	+ 0.89	TGCIX

High negative correlations

TICIX	- 0.88	TFIAX
TICIX	- 0.88	TFICX
TLGCX	- 0.74	TFICX
TLGCX	- 0.73	TFIAX
TISGX	- 0.15	TFICX
TISGX	- 0.13	TFIAX

Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Aggressive 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 Timothy Aggressive'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
TFICX	0.22	(0.03)	0.00	0.49	0.00	0.00	0.35	(0.46)	1.24
TFIAX	0.23	(0.03)	0.00	0.49	0.00	0.00	0.43	(0.55)	1.29
TGCIX	0.29	(0.01)	(0.26)	0.08	0.23	(0.36)	0.58	(0.57)	1.83
TGIAX	0.29	(0.01)	(0.25)	0.10	0.22	(0.37)	0.55	(0.64)	1.75
TICIX	0.83	0.10	0.04	0.28	1.08	(0.88)	1.95	(1.81)	4.96
TIICX	0.28	(0.03)	(0.30)	0.03	0.30	(0.30)	0.57	(0.57)	1.61
TIGIX	0.29	(0.01)	(0.26)	0.10	0.21	(0.37)	0.55	(0.54)	1.74
TISGX	0.38	(0.03)	(0.20)	0.06	0.38	(0.47)	0.91	(0.79)	2.31
TLGCX	0.76	(0.01)	(0.01)	0.11	0.97	(0.80)	1.60	(1.74)	4.64

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