Timothy Fixed Correlations

TPFIX Fund

USD 9.08 0.01 0.11%

The correlation of Timothy Fixed 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 Fixed Correlation With Market

Significant diversification

The correlation between Timothy Fixed Income 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 Fixed Income 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 Fixed Income. 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

1.0	TFICX	Timothy Fixed Income	Pair Corr
1.0	TFIAX	Timothy Fixed Income	Pair Corr
0.68	TGCIX	Timothy Plan Growth	Pair Corr
0.7	TGIAX	Timothy Plan Growth	Pair Corr
0.71	TIGIX	Timothy Plan Growth	Pair Corr
0.82	TPDIX	Timothy Plan Defensive	Pair Corr
0.82	TPDCX	Timothy Plan Defensive	Pair Corr
0.82	TPDAX	Timothy Plan Defensive	Pair Corr
0.77	TPICX	Timothy Plan Interna	Pair Corr
0.77	TPIAX	Timothy Plan Interna	Pair Corr
0.77	TPIIX	Timothy Plan Interna	Pair Corr
0.72	TPHCX	Timothy Plan High	Pair Corr
0.75	TPHAX	Timothy Plan High	Pair Corr
0.74	TPHIX	Timothy Plan High	Pair Corr
0.95	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr

Moving against Timothy Mutual Fund

0.82	TIAGX	Timothy Aggressive Growth	Pair Corr
0.64	TLGCX	Timothy Large/mip-cap	Pair Corr
0.64	TLGAX	Timothy Plan Large	Pair Corr
0.63	TPLIX	Timothy Large/mip-cap	Pair Corr
0.82	TAAGX	Timothy Aggressive Growth	Pair Corr
0.82	TCAGX	Timothy Aggressive Growth	Pair Corr
0.62	TSVCX	Timothy Plan Small	Pair Corr
0.61	TPLNX	Timothy Small Cap	Pair Corr
0.61	TPVIX	Timothy Small Cap	Pair Corr
0.51	VTSAX	Vanguard Total Stock	Pair Corr
0.51	VTSMX	Vanguard Total Stock	Pair Corr
0.51	VSMPX	Vanguard Total Stock	Pair Corr
0.51	VSTSX	Vanguard Total Stock	Pair Corr
0.51	VITSX	Vanguard Total Stock	Pair Corr
0.47	VFIAX	Vanguard 500 Index	Pair Corr
0.47	VFINX	Vanguard 500 Index	Pair Corr
0.47	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	FTIXX	XFINX	GCFSX	RMBLX	PGFMX	SBFAX
FTIXX		0.0	0.0	0.0	0.0	0.0	FTIXX
XFINX	0.0		0.45	0.62	0.55	0.74	XFINX
GCFSX	0.0	0.45		0.23	0.9	0.69	GCFSX
RMBLX	0.0	0.62	0.23		0.54	0.81	RMBLX
PGFMX	0.0	0.55	0.9	0.54		0.85	PGFMX
SBFAX	0.0	0.74	0.69	0.81	0.85		SBFAX
	FTIXX	XFINX	GCFSX	RMBLX	PGFMX	SBFAX

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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

PGFMX	+ 0.9	GCFSX
SBFAX	+ 0.85	PGFMX
SBFAX	+ 0.81	RMBLX
SBFAX	+ 0.74	XFINX
SBFAX	+ 0.69	GCFSX
RMBLX	+ 0.62	XFINX

High negative correlations

SBFAX	- 0.0	FTIXX
PGFMX	- 0.0	FTIXX
RMBLX	- 0.0	FTIXX
GCFSX	- 0.0	FTIXX
XFINX	- 0.0	FTIXX

Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Fixed 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 Fixed'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
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.14	(0.01)	0.00	(0.14)	0.00	0.00	0.28	(0.64)	1.27
GCFSX	0.75	0.10	0.10	0.06	1.04	(0.76)	1.80	(2.41)	4.68
RMBLX	1.12	(0.13)	0.00	(0.20)	0.00	0.00	2.20	(3.09)	6.78
PGFMX	0.39	0.01	0.00	(0.05)	0.00	0.00	0.85	(0.86)	2.21
SBFAX	0.76	0.01	0.00	(0.06)	0.00	0.00	1.65	(1.92)	5.22

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