Timothy Plan Correlations
| TPHE Etf | USD 26.16 0.02 0.08% |
The current 90-days correlation between Timothy Plan and IShares is 0.13 (i.e., Average 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.
Timothy Plan Correlation With Market
Very weak diversification
The correlation between Timothy Plan and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Timothy Etf
| 0.65 | MUU | Direxion Daily MU | PairCorr |
| 0.65 | MULL | GraniteShares 2x Long | PairCorr |
| 0.7 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.69 | AGQ | ProShares Ultra Silver | PairCorr |
| 0.71 | JNUG | Direxion Daily Junior | PairCorr |
| 0.7 | NUGT | Direxion Daily Gold | PairCorr |
| 0.68 | SHNY | Microsectors Gold | PairCorr |
| 0.68 | GDMN | WisdomTree Efficient Gold | PairCorr |
| 0.7 | SLVR | Sprott Silver Miners | PairCorr |
| 0.65 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.61 | AA | Alcoa Corp | PairCorr |
Moving against Timothy Etf
Related Correlations Analysis
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
| High negative correlations
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Timothy Plan Constituents Risk-Adjusted Indicators
There is a big difference between Timothy Etf performing well and Timothy Plan ETF 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSA | 1.07 | (0.21) | 0.00 | 8.79 | 0.00 | 1.35 | 11.89 | |||
| TPLE | 0.48 | 0.05 | 0.00 | (0.15) | 0.43 | 1.28 | 2.58 | |||
| CLSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VMOT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPDP | 0.61 | 0.07 | 0.06 | 1.49 | 0.58 | 1.14 | 4.26 | |||
| FTDS | 0.64 | 0.09 | 0.12 | 0.14 | 0.55 | 2.01 | 3.67 | |||
| OPPX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRUZ | 1.52 | (0.34) | 0.00 | 1.18 | 0.00 | 2.19 | 18.78 | |||
| RESE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FOVL | 0.64 | 0.04 | 0.01 | (0.41) | 0.78 | 1.46 | 4.02 |
Timothy Plan Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Timothy Plan etf to make a market-neutral strategy. Peer analysis of Timothy Plan could also be used in its relative valuation, which is a method of valuing Timothy Plan by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |