Timothy Plan Correlations

TPDIX Fund

USD 14.09 0.09 0.63%

The current 90-days correlation between Timothy Plan Defensive and Kentucky Tax Free Short To Medium is 0.04 (i.e., Significant 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

Significant diversification

The correlation between Timothy Plan Defensive and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan Defensive 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 Defensive. 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

0.63	TLVAX	Timothy Largemid Cap	Pair Corr
0.62	TMVIX	Timothy Largemid Cap	Pair Corr
0.84	TPDCX	Timothy Plan Defensive	Pair Corr
1.0	TPDAX	Timothy Plan Defensive	Pair Corr

Moving against Timothy Mutual Fund

0.52	TPAIX	Timothy Israel Mon	Pair Corr
0.51	TICIX	Timothy Israel Mon	Pair Corr
0.5	TPCIX	Timothy Israel Mon	Pair Corr

Related Correlations Analysis

	KYSMX	SUSAX	ATOAX	VMSSX	RSDIX	GTLSX	DIMIX	SNORX
KYSMX		-0.22	-0.42	0.56	0.61	-0.19	0.78	-0.4	KYSMX
SUSAX	-0.22		0.95	0.27	0.2	0.83	0.2	0.57	SUSAX
ATOAX	-0.42	0.95		0.03	-0.07	0.8	-0.03	0.68	ATOAX
VMSSX	0.56	0.27	0.03		0.83	0.35	0.83	-0.05	VMSSX
RSDIX	0.61	0.2	-0.07	0.83		0.26	0.75	-0.3	RSDIX
GTLSX	-0.19	0.83	0.8	0.35	0.26		0.23	0.6	GTLSX
DIMIX	0.78	0.2	-0.03	0.83	0.75	0.23		-0.12	DIMIX
SNORX	-0.4	0.57	0.68	-0.05	-0.3	0.6	-0.12		SNORX
	KYSMX	SUSAX	ATOAX	VMSSX	RSDIX	GTLSX	DIMIX	SNORX

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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

ATOAX	+ 0.95	SUSAX
GTLSX	+ 0.83	SUSAX
RSDIX	+ 0.83	VMSSX
DIMIX	+ 0.83	VMSSX
GTLSX	+ 0.8	ATOAX
DIMIX	+ 0.78	KYSMX

High negative correlations

ATOAX	- 0.42	KYSMX
SNORX	- 0.4	KYSMX
SNORX	- 0.3	RSDIX
SUSAX	- 0.22	KYSMX
GTLSX	- 0.19	KYSMX
SNORX	- 0.12	DIMIX

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
KYSMX	0.05	(0.01)	(0.39)	(0.36)	0.09	(0.19)	0.19	(0.19)	0.58
SUSAX	0.05	0.00	(0.96)	0.15	0.00	(0.14)	0.10	(0.10)	0.50
ATOAX	0.02	0.00	0.00	(0.43)	0.00	0.00	0.00	0.00	0.40
VMSSX	0.06	(0.01)	(0.45)	(0.18)	0.01	(0.24)	0.22	(0.22)	0.66
RSDIX	0.08	0.00	(0.76)	(1.23)	0.04	(0.15)	0.21	(0.10)	0.62
GTLSX	0.30	0.06	(0.03)	0.29	0.00	(0.40)	0.71	(0.47)	2.63
DIMIX	0.05	0.00	(0.70)	0.27	0.05	(0.10)	0.08	(0.16)	0.47
SNORX	0.61	(0.06)	(0.07)	0.03	0.91	(0.67)	1.29	(1.04)	7.91

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