Timothy Plan Correlations

TPHD Etf

USD 37.05 0.26 0.70%

The current 90-days correlation between Timothy Plan High and Timothy Plan LargeMid is 0.88 (i.e., Very 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.

Timothy Plan Correlation With Market

Good diversification

The correlation between Timothy Plan High and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan High 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 High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Timothy Etf

0.74	VOE	Vanguard Mid Cap	Pair Corr
0.68	SDY	SPDR SP Dividend	Pair Corr
0.89	RPV	Invesco SP 500	Pair Corr
0.89	PEY	Invesco High Yield	Pair Corr
0.85	ONEY	SPDR Russell 1000	Pair Corr
0.72	XTAP	Innovator Equity Acc	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	TPLC	TPSC	TPIF	TPHE	TPLE
TPLC		0.94	-0.32	0.6	1.0	TPLC
TPSC	0.94		-0.55	0.34	0.95	TPSC
TPIF	-0.32	-0.55		0.42	-0.33	TPIF
TPHE	0.6	0.34	0.42		0.59	TPHE
TPLE	1.0	0.95	-0.33	0.59		TPLE
	TPLC	TPSC	TPIF	TPHE	TPLE

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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

TPLE	+ 1.0	TPLC
TPLE	+ 0.95	TPSC
TPSC	+ 0.94	TPLC
TPHE	+ 0.6	TPLC
TPLE	+ 0.59	TPHE
TPHE	+ 0.42	TPIF

High negative correlations

TPIF	- 0.55	TPSC
TPLE	- 0.33	TPIF
TPIF	- 0.32	TPLC

Timothy Plan Constituents Risk-Adjusted Indicators

There is a big difference between Timothy Etf performing well and Timothy Plan ETF 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
TPLC	0.70	(0.04)	0.00	2.32	0.00	0.00	1.27	(1.37)	3.06
TPSC	0.80	(0.09)	0.00	6.21	0.00	0.00	1.47	(1.84)	3.81
TPIF	0.66	0.15	0.27	6.63	0.61	(0.78)	1.53	(1.19)	4.24
TPHE	0.62	0.03	0.13	(0.96)	0.67	(0.67)	1.22	(1.04)	3.18
TPLE	0.66	(0.04)	0.00	(3.45)	0.00	0.00	1.16	(1.28)	2.94

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