Timothy Plan Correlations

Mutual Funds USA . 
Fund . Timothy Plan High
TPHIX Fund  USD 9.06  0.01  0.11%   
The current 90-days correlation between Timothy Plan High and Mfs Technology Fund is 0.14 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Timothy Plan Correlation With Market

Average diversification

The correlation between Timothy Plan High and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan High 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 High. 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

  0.62TGIAX Timothy Plan GrowthPairCorr
  0.66TIAGX Timothy Aggressive GrowthPairCorr
  0.64TIGIX Timothy Plan GrowthPairCorr
  0.63TISGX Timothy Plan StrategicPairCorr
  0.61TLGCX Timothy Large/mip-capPairCorr
  0.61TLGAX Timothy Plan LargePairCorr
  0.74TPHAX Timothy Plan HighPairCorr
  0.61TPLIX Timothy Large/mip-capPairCorr
  0.62TPLNX Timothy Small CapPairCorr
  0.62TPVIX Timothy Small CapPairCorr
  0.66TAAGX Timothy Aggressive GrowthPairCorr
  0.64TSGCX Timothy Strategic GrowthPairCorr
  0.65TSGAX Timothy Strategic GrowthPairCorr
  0.62TSVCX Timothy Plan SmallPairCorr
  0.66TCAGX Timothy Aggressive GrowthPairCorr

Related Correlations Analysis

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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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