Timothy Largemip Correlations

TLGCX Fund

USD 9.07 0.04 0.44%

The current 90-days correlation between Timothy Largemip Cap and Timothy Fixed Income is 0.18 (i.e., Average diversification). The correlation of Timothy Largemip 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 Largemip Correlation With Market

Very weak diversification

The correlation between Timothy Largemip Cap Growth and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Largemip Cap Growth 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 Largemip Cap Growth. 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

0.96	TIAGX	Timothy Aggressive Growth	Pair Corr
0.67	TICIX	Timothy Israel Mon	Pair Corr
0.63	TISGX	Timothy Plan Strategic	Pair Corr
0.98	TLGAX	Timothy Plan Large	Pair Corr
0.62	TPAIX	Timothy Israel Mon	Pair Corr
0.66	TPCIX	Timothy Israel Mon	Pair Corr
0.68	TPHAX	Timothy Plan High	Pair Corr
0.72	TPHIX	Timothy Plan High	Pair Corr
0.98	TPLIX	Timothy Largemip Cap	Pair Corr
0.84	TPLNX	Timothy Small Cap	Pair Corr
0.85	TPVIX	Timothy Small Cap	Pair Corr
0.96	TAAGX	Timothy Aggressive Growth	Pair Corr
0.63	TSGAX	Timothy Strategic Growth	Pair Corr
0.87	TSVCX	Timothy Plan Small	Pair Corr
0.97	TCAGX	Timothy Aggressive Growth	Pair Corr
0.71	FAFGX	American Funds	Pair Corr
0.71	FFAFX	American Funds	Pair Corr
0.71	GFACX	Growth Fund	Pair Corr
0.74	GFAFX	Growth Fund	Pair Corr

Moving against Timothy Mutual Fund

0.55	TFIAX	Timothy Fixed Income	Pair Corr
0.5	TFICX	Timothy Fixed Income	Pair Corr
0.47	TPFIX	Timothy Fixed Income	Pair Corr
0.35	TPICX	Timothy Plan Interna	Pair Corr

Related Correlations Analysis

	TFICX	TFIAX	TGCIX	TGIAX	TIAGX	TICIX	TIICX	TIGIX	TISGX	TLGCX
TFICX		0.97	0.26	0.22	-0.45	-0.6	0.42	0.18	0.09	-0.5	TFICX
TFIAX	0.97		0.21	0.17	-0.5	-0.6	0.39	0.13	0.07	-0.55	TFIAX
TGCIX	0.26	0.21		1.0	0.6	0.24	0.79	0.99	0.81	0.47	TGCIX
TGIAX	0.22	0.17	1.0		0.64	0.28	0.79	1.0	0.83	0.52	TGIAX
TIAGX	-0.45	-0.5	0.6	0.64		0.76	0.47	0.67	0.71	0.96	TIAGX
TICIX	-0.6	-0.6	0.24	0.28	0.76		0.1	0.31	0.39	0.67	TICIX
TIICX	0.42	0.39	0.79	0.79	0.47	0.1		0.78	0.93	0.4	TIICX
TIGIX	0.18	0.13	0.99	1.0	0.67	0.31	0.78		0.83	0.54	TIGIX
TISGX	0.09	0.07	0.81	0.83	0.71	0.39	0.93	0.83		0.63	TISGX
TLGCX	-0.5	-0.55	0.47	0.52	0.96	0.67	0.4	0.54	0.63		TLGCX
	TFICX	TFIAX	TGCIX	TGIAX	TIAGX	TICIX	TIICX	TIGIX	TISGX	TLGCX

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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

TGIAX	+ 1.0	TGCIX
TIGIX	+ 1.0	TGIAX
TIGIX	+ 0.99	TGCIX
TFIAX	+ 0.97	TFICX
TLGCX	+ 0.96	TIAGX
TISGX	+ 0.93	TIICX

High negative correlations

TICIX	- 0.6	TFIAX
TICIX	- 0.6	TFICX
TLGCX	- 0.55	TFIAX
TIAGX	- 0.5	TFIAX
TLGCX	- 0.5	TFICX
TIAGX	- 0.45	TFICX

Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Largemip 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 Largemip'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
TFICX	0.23	(0.06)	0.00	1.89	0.00	0.00	0.35	(0.68)	1.61
TFIAX	0.24	(0.06)	0.00	(0.54)	0.00	0.00	0.44	(0.65)	1.21
TGCIX	0.29	(0.04)	(0.31)	(0.02)	0.32	(0.35)	0.57	(0.57)	1.83
TGIAX	0.30	(0.05)	(0.30)	(0.03)	0.33	(0.37)	0.55	(0.64)	1.75
TIAGX	0.84	(0.08)	(0.05)	0.02	1.47	(0.78)	1.79	(1.63)	8.45
TICIX	0.84	0.21	0.17	0.46	0.77	(1.01)	2.38	(1.50)	4.96
TIICX	0.32	(0.08)	0.00	(0.11)	0.00	0.00	0.56	(0.56)	1.32
TIGIX	0.30	(0.04)	(0.31)	(0.02)	0.32	(0.37)	0.55	(0.63)	1.83
TISGX	0.40	(0.08)	0.00	(0.04)	0.00	0.00	0.89	(0.69)	1.98
TLGCX	0.78	(0.12)	0.00	(0.02)	0.00	0.00	1.44	(1.55)	10.35

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