Timothy Israel Correlations

Mutual Funds . USA . 
Fund . Timothy Israel Mon
TPAIX Fund  USD 43.90  0.34  0.77%   
The current 90-days correlation between Timothy Israel Mon and Timothy Largemip Cap Growth is 0.16 (i.e., Average 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

Very poor diversification

The correlation between Timothy Israel Mon and DJI is 0.84 (i.e., Very poor 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

  0.86TGCIX Timothy Plan GrowthPairCorr
  0.87TGIAX Timothy Plan GrowthPairCorr
  0.96TIAGX Timothy Aggressive GrowthPairCorr
  0.99TICIX Timothy Israel MonPairCorr
  0.95TIICX Timothy Plan ConservativePairCorr
  0.96TISGX Timothy Plan StrategicPairCorr
  0.82TLGCX Timothy Large/mip-capPairCorr
  0.9TLVCX Timothy Large/mid-capPairCorr
  0.71TLVAX Timothy Large/mid-capPairCorr
  0.92TMVIX Timothy Largemid CapPairCorr
  0.95TPDIX Timothy Plan DefensivePairCorr
  0.71TPCIX Timothy Israel MonPairCorr
  0.94TPDCX Timothy Plan DefensivePairCorr
  0.95TPDAX Timothy Plan DefensivePairCorr
  0.74TPFIX Timothy Fixed IncomePairCorr
  0.97TPICX Timothy Plan InternaPairCorr
  0.71TPIAX Timothy Plan InternaPairCorr
  0.96TPIIX Timothy Plan InternaPairCorr
  0.9TPHCX Timothy Plan HighPairCorr
  0.91TPHAX Timothy Plan HighPairCorr
  0.91TPHIX Timothy Plan HighPairCorr
  0.91TPLNX Timothy Small CapPairCorr
  0.9TPVIX Timothy Small CapPairCorr
  0.92TAAGX Timothy Aggressive GrowthPairCorr
  0.94TSGCX Timothy Strategic GrowthPairCorr
  0.95TSGAX Timothy Strategic GrowthPairCorr
  0.9TSVCX Timothy Plan SmallPairCorr
  0.97TCAGX Timothy Aggressive GrowthPairCorr
  0.95TCGAX Timothy Servative GrowthPairCorr
  0.94TCVCX Timothy Servative GrowthPairCorr
  0.87FCNSX Fidelity Series CanadaPairCorr
  0.86FSCJX Fidelity Sai CanadaPairCorr
  0.84FICDX Fidelity CanadaPairCorr
  0.86FACNX Fidelity CanadaPairCorr

Related Correlations Analysis


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.

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