Timothy Small-cap Correlations

TPLNX Fund

USD 19.53 0.03 0.15%

The current 90-days correlation between Timothy Small Cap and Timothy Largemid Cap Value is 0.78 (i.e., Poor diversification). The correlation of Timothy Small-cap 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 Small-cap Correlation With Market

Weak diversification

The correlation between Timothy Small Cap Value and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Small Cap Value 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 Small Cap Value. 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 board of governors.

Moving together with Timothy Mutual Fund

0.63	TFICX	Timothy Fixed Income	Pair Corr
0.71	TFIAX	Timothy Fixed Income	Pair Corr
0.96	TGCIX	Timothy Plan Growth	Pair Corr
0.96	TGIAX	Timothy Plan Growth	Pair Corr
0.96	TIAGX	Timothy Aggressive Growth	Pair Corr
0.94	TIICX	Timothy Plan Conservative	Pair Corr
0.96	TIGIX	Timothy Plan Growth	Pair Corr
0.96	TISGX	Timothy Plan Strategic	Pair Corr
0.96	TLGCX	Timothy Large/mip-cap	Pair Corr
0.97	TLGAX	Timothy Plan Large	Pair Corr
0.86	TLVCX	Timothy Large/mid-cap	Pair Corr
0.88	TLVAX	Timothy Large/mid-cap	Pair Corr
0.88	TMVIX	Timothy Largemid Cap	Pair Corr
0.71	TPDIX	Timothy Plan Defensive	Pair Corr
0.71	TPDCX	Timothy Plan Defensive	Pair Corr
0.72	TPDAX	Timothy Plan Defensive	Pair Corr
0.69	TPFIX	Timothy Fixed Income	Pair Corr
0.97	TPLIX	Timothy Large/mip-cap	Pair Corr
1.0	TPVIX	Timothy Small Cap	Pair Corr
0.96	TAAGX	Timothy Aggressive Growth	Pair Corr
0.96	TSGCX	Timothy Strategic Growth	Pair Corr
0.96	TSGAX	Timothy Strategic Growth	Pair Corr
0.99	TSVCX	Timothy Plan Small	Pair Corr
0.96	TCAGX	Timothy Aggressive Growth	Pair Corr
0.94	TCGAX	Timothy Servative Growth	Pair Corr
0.94	TCVCX	Timothy Servative Growth	Pair Corr
0.69	VSMAX	Vanguard Small Cap	Pair Corr
0.68	VSCIX	Vanguard Small Cap	Pair Corr
0.69	VSCPX	Vanguard Small Cap	Pair Corr
0.69	NAESX	Vanguard Small Cap	Pair Corr

Moving against Timothy Mutual Fund

0.36	TPAIX	Timothy Israel Mon	Pair Corr
0.31	TICIX	Timothy Israel Mon	Pair Corr
0.31	TPCIX	Timothy Israel Mon	Pair Corr

Related Correlations Analysis

	TLVAX	TLGAX	TAAGX	TPIAX	TSGAX
TLVAX		0.89	0.88	0.64	0.88	TLVAX
TLGAX	0.89		0.97	0.52	0.94	TLGAX
TAAGX	0.88	0.97		0.51	0.94	TAAGX
TPIAX	0.64	0.52	0.51		0.67	TPIAX
TSGAX	0.88	0.94	0.94	0.67		TSGAX
	TLVAX	TLGAX	TAAGX	TPIAX	TSGAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Small-cap 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 Small-cap'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TLVAX	0.73	(0.19)	(0.36)	1.10	(1.67)	10.25
TLGAX	0.86	(0.07)	(0.14)	1.38	(1.73)	7.82
TAAGX	0.98	(0.08)	(0.11)	1.82	(1.81)	8.07
TPIAX	0.60	(0.08)	(0.27)	1.15	(1.10)	3.41
TSGAX	0.38	(0.05)	(0.17)	0.81	(0.80)	2.98

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC