Timothy Plan Correlations

Mutual Funds . USA . 
Fund . Timothy Plan Defensive
TPDAX Fund  USD 18.23  0.70  3.70%   
The current 90-days correlation between Timothy Plan Defensive and Smallcap Growth Fund is 0.05 (i.e., Significant diversification). The correlation of Timothy Plan 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 Plan Correlation With Market

Poor diversification

The correlation between Timothy Plan Defensive and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan Defensive 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 Plan Defensive. 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 nation.

Moving together with TIMOTHY Mutual Fund

  0.93TIAGX Timothy Aggressive GrowthPairCorr
  0.94TICIX Timothy Israel MonPairCorr
  0.95TIICX Timothy Plan ConservativePairCorr
  0.94TIGIX Timothy Plan GrowthPairCorr
  0.88TMVIX Timothy Large/mid-capPairCorr
  0.98TPDCX Timothy Plan DefensivePairCorr
  0.87TPICX Timothy Plan InternaPairCorr
  0.87TPIAX Timothy Plan InternaPairCorr
  0.87TPHCX Timothy Plan HighPairCorr
  0.88TPHIX Timothy Plan HighPairCorr
  0.88TPLNX Timothy Small CapPairCorr
  0.87TPVIX Timothy Small CapPairCorr
  0.88TAAGX Timothy Aggressive GrowthPairCorr
  0.93TSGCX Timothy Strategic GrowthPairCorr
  0.88TSVCX Timothy Plan SmallPairCorr
  0.89ABALX American BalancedPairCorr
  0.88BALCX American BalancedPairCorr
  0.9BALFX American BalancedPairCorr
  0.87FBONX American Funds AmericanPairCorr
  0.87FBAFX American Funds AmericanPairCorr
  0.87RLBCX American BalancedPairCorr
  0.87RLBBX American BalancedPairCorr
  0.9CLBAX American BalancedPairCorr
  0.87CLBEX American BalancedPairCorr
  0.87RLBFX American BalancedPairCorr
  0.88FSMMX Fs Multi StrategyPairCorr
  0.92BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.91SPMPX Invesco Steelpath MlpPairCorr
  0.91MLPNX Oppenheimer Steelpath MlpPairCorr
  0.91MLPMX Oppenheimer Steelpath MlpPairCorr
  0.92SPMJX Invesco Steelpath MlpPairCorr
  0.86WSMDX William Blair SmallPairCorr
  0.85GAGEX Guinness Atkinson GlobalPairCorr
  0.85PFPMX Parnassus Mid CapPairCorr
  0.71VTSAX Vanguard Total StockPairCorr
  0.73ICTEX Icon Information TecPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between TIMOTHY Mutual Fund performing well and Timothy Plan 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 Plan'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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