Timothy Israel Correlations

TICIX Fund

USD 26.42 0.10 0.38%

The current 90-days correlation between Timothy Israel Mon and Blackrock Exchange Portfolio is 0.08 (i.e., Significant diversification). The correlation of Timothy Israel 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 Israel Correlation With Market

Significant diversification

The correlation between Timothy Israel Mon and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Israel Mon 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 Israel Mon. 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 gross domestic product.

Moving together with Timothy Mutual Fund

0.98	TPAIX	Timothy Israel Mon	Pair Corr
0.98	TPCIX	Timothy Israel Mon	Pair Corr
0.68	TPHCX	Timothy Plan High	Pair Corr
0.77	TPHAX	Timothy Plan High	Pair Corr
0.76	TPHIX	Timothy Plan High	Pair Corr

Moving against Timothy Mutual Fund

0.74	TLVCX	Timothy Large/mid-cap	Pair Corr
0.71	TLVAX	Timothy Large/mid-cap	Pair Corr
0.71	TMVIX	Timothy Large/mid-cap	Pair Corr
0.63	TPDCX	Timothy Plan Defensive	Pair Corr
0.61	TPDAX	Timothy Plan Defensive	Pair Corr
0.6	TPDIX	Timothy Plan Defensive	Pair Corr
0.54	TLGCX	Timothy Large/mip-cap	Pair Corr
0.4	TLGAX	Timothy Plan Large	Pair Corr
0.33	TFICX	Timothy Fixed Income	Pair Corr
0.31	TFIAX	Timothy Fixed Income	Pair Corr
0.31	TISGX	Timothy Plan Strategic	Pair Corr
0.68	BRUFX	Bruce Fund Bruce	Pair Corr
0.67	FNORX	Fidelity Nordic	Pair Corr
0.65	DFRSX	Asia Pacific Small	Pair Corr
0.6	FCCNX	Fidelity Canada	Pair Corr
0.59	FACNX	Fidelity Canada	Pair Corr
0.59	FICCX	Fidelity Canada	Pair Corr
0.59	FICDX	Fidelity Canada	Pair Corr
0.59	FIQEX	Fidelity Canada	Pair Corr
0.57	FTCNX	Fidelity Canada	Pair Corr
0.56	TSVCX	Timothy Plan Small	Pair Corr
0.49	SPGSX	State Street Premier	Pair Corr
0.48	TCAGX	Timothy Aggressive Growth	Pair Corr
0.44	TPVIX	Timothy Small Cap	Pair Corr
0.4	TPLNX	Timothy Small Cap	Pair Corr

Related Correlations Analysis

	STSEX	AEYXX	ELMXX	SMAAX	JRSXX	SWGXX	AEAXX	ICAXX
STSEX		0.0	0.0	0.47	0.0	-0.1	0.0	0.0	STSEX
AEYXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AEYXX
ELMXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ELMXX
SMAAX	0.47	0.0	0.0		0.0	-0.3	0.0	0.0	SMAAX
JRSXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JRSXX
SWGXX	-0.1	0.0	0.0	-0.3	0.0		0.0	0.0	SWGXX
AEAXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AEAXX
ICAXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ICAXX
	STSEX	AEYXX	ELMXX	SMAAX	JRSXX	SWGXX	AEAXX	ICAXX

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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

SMAAX	+ 0.47	STSEX
AEYXX	+ 0.0	STSEX
ELMXX	+ 0.0	STSEX
JRSXX	+ 0.0	STSEX
AEAXX	+ 0.0	STSEX
ICAXX	+ 0.0	STSEX

High negative correlations

SWGXX	- 0.3	SMAAX
SWGXX	- 0.1	STSEX
ICAXX	- 0.0	AEAXX
ICAXX	- 0.0	SWGXX
AEAXX	- 0.0	SWGXX
ICAXX	- 0.0	JRSXX

Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Israel 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 Israel'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
STSEX	0.51	0.01	(0.06)	0.10	0.87	(0.49)	0.88	(1.24)	5.72
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.15	(0.01)	0.00	(0.51)	0.00	0.00	0.30	(0.39)	1.40
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	0.00	(1.56)	0.00	0.00	0.00	0.00	1.01
AEAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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