Timothy Small-cap Correlations

TPVIX Fund

USD 20.42 0.23 1.14%

The current 90-days correlation between Timothy Small Cap and Hartford Schroders Small is 0.85 (i.e., Very 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

Almost no diversification

The correlation between Timothy Small Cap Value and DJI is 0.94 (i.e., Almost no 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 gross domestic product.

Moving together with Timothy Mutual Fund

0.69	TFIAX	Timothy Fixed Income	Pair Corr
0.84	TGCIX	Timothy Plan Growth	Pair Corr
0.85	TGIAX	Timothy Plan Growth	Pair Corr
0.94	TIAGX	Timothy Aggressive Growth	Pair Corr
0.92	TICIX	Timothy Israel Mon	Pair Corr
0.92	TIICX	Timothy Plan Conservative	Pair Corr
0.85	TIGIX	Timothy Plan Growth	Pair Corr
0.94	TISGX	Timothy Plan Strategic	Pair Corr
0.92	TLGCX	Timothy Large/mip-cap	Pair Corr
0.97	TLVCX	Timothy Large/mid-cap	Pair Corr
0.9	TLVAX	Timothy Large/mid-cap	Pair Corr
0.99	TMVIX	Timothy Largemid Cap	Pair Corr
0.93	TPAIX	Timothy Israel Mon	Pair Corr
0.88	TPDIX	Timothy Plan Defensive	Pair Corr
0.92	TPCIX	Timothy Israel Mon	Pair Corr
0.88	TPDCX	Timothy Plan Defensive	Pair Corr
0.88	TPDAX	Timothy Plan Defensive	Pair Corr
0.75	TPFIX	Timothy Fixed Income	Pair Corr
0.94	TPICX	Timothy Plan Interna	Pair Corr
0.94	TPIAX	Timothy Plan Interna	Pair Corr
0.94	TPIIX	Timothy Plan Interna	Pair Corr
0.95	TPHCX	Timothy Plan High	Pair Corr
0.95	TPHAX	Timothy Plan High	Pair Corr
1.0	TPLNX	Timothy Small Cap	Pair Corr
0.87	TAAGX	Timothy Aggressive Growth	Pair Corr
0.94	TSGCX	Timothy Strategic Growth	Pair Corr
0.94	TSGAX	Timothy Strategic Growth	Pair Corr
0.96	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
0.96	VSMAX	Vanguard Small Cap	Pair Corr
0.96	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.94	FSSNX	Fidelity Small Cap	Pair Corr

Related Correlations Analysis

	WAMFX	EPVIX	NWKEX	ACTIX	NWGPX	TGUNX	DSMLX	TASCX	NCBVX	HOOSX
WAMFX		0.95	0.95	0.74	0.95	0.0	-0.23	0.82	0.88	0.95	WAMFX
EPVIX	0.95		0.94	0.75	0.94	0.0	-0.24	0.84	0.9	0.93	EPVIX
NWKEX	0.95	0.94		0.7	1.0	0.0	-0.17	0.75	0.82	0.89	NWKEX
ACTIX	0.74	0.75	0.7		0.7	0.0	-0.26	0.8	0.85	0.73	ACTIX
NWGPX	0.95	0.94	1.0	0.7		0.0	-0.17	0.74	0.82	0.89	NWGPX
TGUNX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TGUNX
DSMLX	-0.23	-0.24	-0.17	-0.26	-0.17	0.0		-0.51	-0.38	-0.31	DSMLX
TASCX	0.82	0.84	0.75	0.8	0.74	0.0	-0.51		0.97	0.86	TASCX
NCBVX	0.88	0.9	0.82	0.85	0.82	0.0	-0.38	0.97		0.92	NCBVX
HOOSX	0.95	0.93	0.89	0.73	0.89	0.0	-0.31	0.86	0.92		HOOSX
	WAMFX	EPVIX	NWKEX	ACTIX	NWGPX	TGUNX	DSMLX	TASCX	NCBVX	HOOSX

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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

NWGPX	+ 1.0	NWKEX
NCBVX	+ 0.97	TASCX
EPVIX	+ 0.95	WAMFX
NWKEX	+ 0.95	WAMFX
NWGPX	+ 0.95	WAMFX
HOOSX	+ 0.95	WAMFX

High negative correlations

TASCX	- 0.51	DSMLX
NCBVX	- 0.38	DSMLX
HOOSX	- 0.31	DSMLX
DSMLX	- 0.26	ACTIX
DSMLX	- 0.24	EPVIX
DSMLX	- 0.23	WAMFX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WAMFX	0.68	0.12	0.14	0.24	0.44	(0.93)	1.60	(0.99)	8.33
EPVIX	0.93	0.28	0.16	0.47	1.08	(1.03)	1.99	(2.11)	11.25
NWKEX	1.56	0.48	0.51	0.45	0.38	(2.29)	2.34	(1.64)	36.28
ACTIX	0.13	0.01	(0.24)	0.16	0.00	(0.20)	0.31	(0.21)	0.74
NWGPX	1.67	0.56	0.57	0.51	0.25	(2.55)	2.35	(1.68)	41.25
TGUNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSMLX	0.85	(0.20)	0.00	(0.21)	0.00	0.00	1.64	(2.32)	5.12
TASCX	0.76	0.11	0.12	0.19	0.59	(0.89)	1.90	(1.28)	3.82
NCBVX	0.64	0.07	0.09	0.14	0.57	(0.72)	1.59	(1.27)	3.91
HOOSX	1.07	0.29	0.32	0.25	0.45	(1.23)	2.40	(1.76)	18.08

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