Timothy Large/mip-cap Correlations

TLGCX Fund

USD 9.91 0.05 0.51%

The current 90-days correlation between Timothy Large/mip-cap and The Hartford Equity is 0.68 (i.e., Poor diversification). The correlation of Timothy Large/mip-cap 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 Large/mip-cap Correlation With Market

Poor diversification

The correlation between Timothy Largemip Cap 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 Largemip Cap 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 Largemip Cap 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 main economic indicators.

Moving together with TIMOTHY Mutual Fund

0.98	TIAGX	Timothy Aggressive Growth	Pair Corr
0.76	TICIX	Timothy Israel Mon	Pair Corr
0.67	TISGX	Timothy Plan Strategic	Pair Corr
1.0	TLGAX	Timothy Plan Large	Pair Corr
0.73	TLVCX	Timothy Large/mid-cap	Pair Corr
0.75	TLVAX	Timothy Large/mid-cap	Pair Corr
0.76	TMVIX	Timothy Largemid Cap	Pair Corr
0.76	TPAIX	Timothy Israel Mon	Pair Corr
0.76	TPCIX	Timothy Israel Mon	Pair Corr
0.63	TPHAX	Timothy Plan High	Pair Corr
0.66	TPHIX	Timothy Plan High	Pair Corr
1.0	TPLIX	Timothy Large/mip-cap	Pair Corr
0.78	TPLNX	Timothy Small Cap	Pair Corr
0.78	TPVIX	Timothy Small Cap	Pair Corr
0.98	TAAGX	Timothy Aggressive Growth	Pair Corr
0.64	TSGCX	Timothy Strategic Growth	Pair Corr
0.66	TSGAX	Timothy Strategic Growth	Pair Corr
0.77	TSVCX	Timothy Plan Small	Pair Corr
0.98	TCAGX	Timothy Aggressive Growth	Pair Corr
0.98	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr

Moving against TIMOTHY Mutual Fund

0.74	TFICX	Timothy Fixed Income	Pair Corr
0.73	TFIAX	Timothy Fixed Income	Pair Corr
0.73	TPFIX	Timothy Fixed Income	Pair Corr

Related Correlations Analysis

	HQITX	VTCAX	HQIAX	FLDFX	DIVHX	LEQCX	MFIRX	RGELX
HQITX		0.9	1.0	0.9	0.95	0.88	0.27	0.96	HQITX
VTCAX	0.9		0.9	0.8	0.82	0.95	0.14	0.91	VTCAX
HQIAX	1.0	0.9		0.9	0.95	0.88	0.27	0.96	HQIAX
FLDFX	0.9	0.8	0.9		0.85	0.78	0.25	0.9	FLDFX
DIVHX	0.95	0.82	0.95	0.85		0.77	0.42	0.93	DIVHX
LEQCX	0.88	0.95	0.88	0.78	0.77		0.14	0.88	LEQCX
MFIRX	0.27	0.14	0.27	0.25	0.42	0.14		0.33	MFIRX
RGELX	0.96	0.91	0.96	0.9	0.93	0.88	0.33		RGELX
	HQITX	VTCAX	HQIAX	FLDFX	DIVHX	LEQCX	MFIRX	RGELX

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 Large/mip-cap 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 Large/mip-cap'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
HQITX	0.47	(0.01)	(0.07)	0.11	0.36	(0.53)	1.03	(0.84)	3.28
VTCAX	0.64	0.06	0.03	0.20	0.70	(0.66)	1.23	(1.62)	4.55
HQIAX	0.46	(0.01)	(0.07)	0.11	0.36	(0.55)	1.04	(0.85)	3.28
FLDFX	0.43	(0.05)	(0.15)	0.05	0.52	(0.46)	0.85	(0.98)	2.83
DIVHX	0.49	0.02	(0.03)	0.14	0.30	(0.57)	1.12	(0.74)	2.83
LEQCX	0.40	0.04	(0.04)	0.19	0.24	(0.49)	0.91	(0.73)	2.38
MFIRX	0.09	0.01	(0.50)	(0.77)	0.00	(0.23)	0.19	(0.19)	0.76
RGELX	0.57	0.00	(0.05)	0.12	0.61	(0.68)	1.31	(1.29)	3.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC