Timothy Small Correlations

Mutual Funds . USA . 
Fund . Timothy Small Cap Value
TPVIX Fund  USD 19.92  0.03  0.15%   
The current 90-days correlation between Timothy Small Cap and Timothy Plan International is 0.32 (i.e., Weak diversification). The correlation of Timothy Small 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 Correlation With Market

Weak diversification

The correlation between Timothy Small Cap Value and DJI is 0.32 (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 gross domestic product.

Moving together with Timothy Mutual Fund

  0.62TFICX Timothy Fixed IncomePairCorr
  0.71TFIAX Timothy Fixed IncomePairCorr
  0.95TGCIX Timothy Plan GrowthPairCorr
  0.96TGIAX Timothy Plan GrowthPairCorr
  0.96TIAGX Timothy Aggressive GrowthPairCorr
  0.94TIICX Timothy Plan ConservativePairCorr
  0.96TIGIX Timothy Plan GrowthPairCorr
  0.96TISGX Timothy Plan StrategicPairCorr
  0.95TLGCX Timothy Large/mip-capPairCorr
  0.97TLGAX Timothy Plan LargePairCorr
  0.86TLVCX Timothy Large/mid-capPairCorr
  0.87TLVAX Timothy Large/mid-capPairCorr
  0.87TMVIX Timothy Largemid CapPairCorr
  0.72TPDIX Timothy Plan DefensivePairCorr
  0.7TPDCX Timothy Plan DefensivePairCorr
  0.71TPDAX Timothy Plan DefensivePairCorr
  0.69TPFIX Timothy Fixed IncomePairCorr
  0.97TPLIX Timothy Large/mip-capPairCorr
  1.0TPLNX Timothy Small CapPairCorr
  0.96TAAGX Timothy Aggressive GrowthPairCorr
  0.96TSGCX Timothy Strategic GrowthPairCorr
  0.96TSGAX Timothy Strategic GrowthPairCorr
  0.99TSVCX Timothy Plan SmallPairCorr
  0.96TCAGX Timothy Aggressive GrowthPairCorr
  0.94TCGAX Timothy Servative GrowthPairCorr
  0.94TCVCX Timothy Servative GrowthPairCorr
  0.7VSMAX Vanguard Small CapPairCorr
  0.69VSCIX Vanguard Small CapPairCorr
  0.7VSCPX Vanguard Small CapPairCorr
  0.7NAESX Vanguard Small CapPairCorr

Moving against Timothy Mutual Fund

  0.35TPAIX Timothy Israel MonPairCorr
  0.31TICIX Timothy Israel MonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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