Timothy Israel Correlations

TPCIX Fund

USD 22.36 0.26 1.15%

The current 90-days correlation between Timothy Israel Mon and Fidelity Series Canada is 0.33 (i.e., Weak 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 weak diversification

The correlation between Timothy Israel Mon and DJI is 0.44 (i.e., Very weak 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

0.8	TIAGX	Timothy Aggressive Growth	Pair Corr
1.0	TICIX	Timothy Israel Mon	Pair Corr
0.79	TLGCX	Timothy Large/mip-cap	Pair Corr
0.79	TLGAX	Timothy Plan Large	Pair Corr
1.0	TPAIX	Timothy Israel Mon	Pair Corr
0.79	TPLIX	Timothy Large/mip-cap	Pair Corr
0.72	TPLNX	Timothy Small Cap	Pair Corr
0.72	TPVIX	Timothy Small Cap	Pair Corr
0.8	TAAGX	Timothy Aggressive Growth	Pair Corr
0.71	TSVCX	Timothy Plan Small	Pair Corr
0.8	TCAGX	Timothy Aggressive Growth	Pair Corr
0.7	FCNSX	Fidelity Series Canada	Pair Corr
0.66	FACNX	Fidelity Canada	Pair Corr
0.66	FTCNX	Fidelity Canada	Pair Corr
0.65	FCCNX	Fidelity Canada	Pair Corr

Moving against Timothy Mutual Fund

0.82	TFICX	Timothy Fixed Income	Pair Corr
0.82	TFIAX	Timothy Fixed Income	Pair Corr
0.82	TPFIX	Timothy Fixed Income	Pair Corr
0.61	TPICX	Timothy Plan Interna	Pair Corr
0.59	TPIAX	Timothy Plan Interna	Pair Corr
0.59	TPIIX	Timothy Plan Interna	Pair Corr
0.87	FNORX	Fidelity Nordic	Pair Corr
0.32	CSJZX	Cohen Steers Realty	Pair Corr

Related Correlations Analysis

	FCNSX	FACNX	FTCNX	FCCNX	FICCX	FICDX	FIQEX	FSCJX	DFRSX	FNORX
FCNSX		0.99	0.99	0.99	1.0	1.0	1.0	0.99	0.53	-0.66	FCNSX
FACNX	0.99		1.0	1.0	1.0	1.0	1.0	0.98	0.56	-0.58	FACNX
FTCNX	0.99	1.0		1.0	1.0	1.0	1.0	0.98	0.56	-0.58	FTCNX
FCCNX	0.99	1.0	1.0		1.0	1.0	1.0	0.98	0.57	-0.56	FCCNX
FICCX	1.0	1.0	1.0	1.0		1.0	1.0	0.98	0.56	-0.59	FICCX
FICDX	1.0	1.0	1.0	1.0	1.0		1.0	0.98	0.56	-0.59	FICDX
FIQEX	1.0	1.0	1.0	1.0	1.0	1.0		0.98	0.56	-0.59	FIQEX
FSCJX	0.99	0.98	0.98	0.98	0.98	0.98	0.98		0.51	-0.68	FSCJX
DFRSX	0.53	0.56	0.56	0.57	0.56	0.56	0.56	0.51		0.01	DFRSX
FNORX	-0.66	-0.58	-0.58	-0.56	-0.59	-0.59	-0.59	-0.68	0.01		FNORX
	FCNSX	FACNX	FTCNX	FCCNX	FICCX	FICDX	FIQEX	FSCJX	DFRSX	FNORX

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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

FICCX	+ 1.0	FCNSX
FICDX	+ 1.0	FCNSX
FIQEX	+ 1.0	FCNSX
FTCNX	+ 1.0	FACNX
FCCNX	+ 1.0	FACNX
FICCX	+ 1.0	FACNX

High negative correlations

FNORX	- 0.68	FSCJX
FNORX	- 0.66	FCNSX
FNORX	- 0.59	FIQEX
FNORX	- 0.59	FICDX
FNORX	- 0.59	FICCX
FNORX	- 0.58	FTCNX

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
FCNSX	0.52	0.01	(0.07)	0.14	0.56	(0.56)	1.10	(1.02)	3.45
FACNX	0.52	0.00	(0.09)	0.11	0.61	(0.56)	1.09	(1.07)	3.47
FTCNX	0.52	0.00	(0.09)	0.11	0.60	(0.56)	1.10	(1.07)	3.47
FCCNX	0.53	(0.01)	(0.09)	0.10	0.61	(0.54)	1.11	(1.08)	3.47
FICCX	0.52	0.00	(0.09)	0.11	0.60	(0.56)	1.10	(1.08)	3.47
FICDX	0.52	0.00	(0.09)	0.11	0.60	(0.54)	1.10	(1.07)	3.46
FIQEX	0.52	0.00	(0.09)	0.11	0.60	(0.54)	1.10	(1.07)	3.46
FSCJX	0.55	0.03	(0.04)	0.17	0.55	(0.61)	1.17	(0.82)	3.19
DFRSX	0.78	(0.03)	(0.10)	0.06	0.86	(0.92)	1.94	(1.57)	5.15
FNORX	0.67	(0.23)	0.00	(0.65)	0.00	0.00	1.19	(1.62)	4.74

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