Timothy Aggressive Correlations

Mutual Funds . USA . 
Fund . Timothy Aggressive Growth
TCAGX Fund  USD 10.36  0.13  1.24%   
The current 90-days correlation between Timothy Aggressive Growth and T Rowe Price is 0.85 (i.e., Very poor 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

  0.61TGCIX Timothy Plan GrowthPairCorr
  0.66TGIAX Timothy Plan GrowthPairCorr
  1.0TIAGX Timothy Aggressive GrowthPairCorr
  0.8TICIX Timothy Israel MonPairCorr
  0.68TIGIX Timothy Plan GrowthPairCorr
  0.77TISGX Timothy Plan StrategicPairCorr
  0.97TLGCX Timothy Large/mip-capPairCorr
  0.97TLGAX Timothy Plan LargePairCorr
  0.73TLVCX Timothy Large/mid-capPairCorr
  0.75TLVAX Timothy Large/mid-capPairCorr
  0.76TMVIX Timothy Largemid CapPairCorr
  0.8TPAIX Timothy Israel MonPairCorr
  0.8TPCIX Timothy Israel MonPairCorr
  0.67TPHCX Timothy Plan HighPairCorr
  0.74TPHAX Timothy Plan HighPairCorr
  0.77TPHIX Timothy Plan HighPairCorr
  0.97TPLIX Timothy Large/mip-capPairCorr
  0.87TPLNX Timothy Small CapPairCorr
  0.87TPVIX Timothy Small CapPairCorr
  1.0TAAGX Timothy Aggressive GrowthPairCorr
  0.74TSGCX Timothy Strategic GrowthPairCorr
  0.76TSGAX Timothy Strategic GrowthPairCorr
  0.86TSVCX Timothy Plan SmallPairCorr
  0.97PAMCX T Rowe PricePairCorr
  0.96RRMGX T Rowe PricePairCorr
  0.97TRQZX T Rowe PricePairCorr
  0.97RPMGX T Rowe PricePairCorr

Moving against Timothy Mutual Fund

  0.67TFICX Timothy Fixed IncomePairCorr
  0.66TFIAX Timothy Fixed IncomePairCorr
  0.66TPFIX Timothy Fixed IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PAMCX  0.61 (0.01)(0.03) 0.10  0.69 
(0.61)
 1.52 
(1.34)
 4.09 
RRMGX  0.61 (0.01)(0.03) 0.10  0.69 
(0.62)
 1.51 
(1.34)
 4.09 
TRQZX  0.61 (0.01)(0.02) 0.11  0.68 
(0.61)
 1.53 
(1.33)
 4.08 
RPMGX  0.61 (0.01)(0.02) 0.10  0.69 
(0.62)
 1.52 
(1.34)
 4.09 
PRJIX  0.78  0.03  0.05  0.14  1.01 
(0.82)
 1.79 
(1.28)
 6.84 
PRNHX  0.78  0.03  0.04  0.14  1.01 
(0.82)
 1.80 
(1.29)
 6.84 
TRUZX  0.78  0.04  0.05  0.15  1.01 
(0.82)
 1.79 
(1.29)
 6.84 
PCBIX  0.64  0.05  0.06  0.16  0.56 
(0.71)
 1.41 
(1.23)
 4.44 
PEMGX  0.64  0.05  0.06  0.17  0.56 
(0.72)
 1.43 
(1.24)
 4.44 
PMBCX  0.63  0.05  0.06  0.16  0.56 
(0.71)
 1.41 
(1.21)
 4.44 

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