Timothy Plan Correlations

TIICX Fund

USD 10.27 0.02 0.19%

The current 90-days correlation between Timothy Plan Conservative and T Rowe Price is 0.78 (i.e., Poor 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

Very weak diversification

The correlation between Timothy Plan Conservative and DJI is 0.48 (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 Conservative 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 Conservative. 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 main economic indicators.

Moving together with Timothy Mutual Fund

0.79	TGCIX	Timothy Plan Growth	Pair Corr
0.79	TGIAX	Timothy Plan Growth	Pair Corr
0.78	TIGIX	Timothy Plan Growth	Pair Corr
0.93	TISGX	Timothy Plan Strategic	Pair Corr
0.64	TLVCX	Timothy Largemid Cap	Pair Corr
0.65	TPHCX	Timothy Plan High	Pair Corr
0.69	TPHAX	Timothy Plan High	Pair Corr
0.67	TPHIX	Timothy Plan High	Pair Corr
0.94	TSGCX	Timothy Strategic Growth	Pair Corr
0.93	TSGAX	Timothy Strategic Growth	Pair Corr
1.0	TCGAX	Timothy Servative Growth	Pair Corr
1.0	TCVCX	Timothy Servative Growth	Pair Corr

Related Correlations Analysis

	PRNHX	NEAIX	CIPMX	IBSSX	FRAAX	ARTSX
PRNHX		0.7	0.94	0.83	0.89	0.93	PRNHX
NEAIX	0.7		0.82	0.87	0.81	0.81	NEAIX
CIPMX	0.94	0.82		0.88	0.93	0.89	CIPMX
IBSSX	0.83	0.87	0.88		0.87	0.83	IBSSX
FRAAX	0.89	0.81	0.93	0.87		0.87	FRAAX
ARTSX	0.93	0.81	0.89	0.83	0.87		ARTSX
	PRNHX	NEAIX	CIPMX	IBSSX	FRAAX	ARTSX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PRNHX	0.83	(0.03)	(0.01)	0.08	1.36	(0.83)	1.80	(1.35)	6.84
NEAIX	1.03	0.15	0.08	0.57	0.88	(1.18)	2.19	(1.59)	6.71
CIPMX	0.64	0.06	0.06	0.17	0.62	(0.71)	1.38	(1.15)	4.05
IBSSX	0.61	(0.02)	(0.03)	0.09	0.69	(0.68)	1.29	(1.12)	4.17
FRAAX	0.69	0.06	0.04	0.17	0.81	(0.70)	1.44	(1.30)	5.06
ARTSX	1.00	0.11	0.03	0.39	1.36	(0.95)	2.03	(1.99)	8.55

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Timothy Plan Correlations

Timothy Plan Correlation With Market

Very weak diversification

Moving together with Timothy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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