Timothy Plan Correlations

Mutual Funds . USA . 
Fund . Timothy Plan International
TPIAX Fund  USD 13.27  0.05  0.38%   
The current 90-days correlation between Timothy Plan Interna and Timothy Small Cap Value is 0.28 (i.e., Modest 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

Weak diversification

The correlation between Timothy Plan International and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan International 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 International. 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 nation.

Moving together with Timothy Mutual Fund

  0.62TFIAX Timothy Fixed IncomePairCorr
  0.66TICIX Timothy Israel MonPairCorr
  0.66TIICX Timothy Plan ConservativePairCorr
  0.65TISGX Timothy Plan StrategicPairCorr
  0.71TPAIX Timothy Israel MonPairCorr
  0.8TPDIX Timothy Plan DefensivePairCorr
  0.71TPCIX Timothy Israel MonPairCorr
  0.77TPDCX Timothy Plan DefensivePairCorr
  0.8TPDAX Timothy Plan DefensivePairCorr
  0.62TPFIX Timothy Fixed IncomePairCorr
  1.0TPICX Timothy Plan InternaPairCorr
  1.0TPIIX Timothy Plan InternaPairCorr
  0.9TPHCX Timothy Plan HighPairCorr
  0.83TPHAX Timothy Plan HighPairCorr
  0.84TPHIX Timothy Plan HighPairCorr
  0.64TSGCX Timothy Strategic GrowthPairCorr
  0.67TSGAX Timothy Strategic GrowthPairCorr
  0.69TCGAX Timothy Servative GrowthPairCorr
  0.66TCVCX Timothy Servative GrowthPairCorr
  0.86VGTSX Vanguard Total InterPairCorr
  0.86VTIAX Vanguard Total InterPairCorr
  0.93VTSNX Vanguard Total InterPairCorr
  0.93VTPSX Vanguard Total InterPairCorr

Related Correlations Analysis

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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   
TLVAX
+ 0.93
TPLNX
TLGAX
+ 0.93
TLVAX
TAAGX
+ 0.93
TLGAX
TLGAX
+ 0.92
TPLNX
TAAGX
+ 0.88
TPLNX
TAAGX
+ 0.84
TLVAX
  
High negative correlations   
TPHAX
- 0.4
TAAGX
TPHAX
- 0.13
TLGAX
TPHAX
- 0.12
TPLNX
TPHAX
- 0.03
TLVAX

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.

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