| TPLC Etf | | | USD 44.64 0.12 0.27% |
The current 90-days correlation between Timothy Plan LargeMid and Vanguard Multifactor is 0.91 (i.e., Almost no 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
Very poor diversification
The correlation between Timothy Plan LargeMid and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan LargeMid and DJI in the same portfolio, assuming nothing else is changed.
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World Market Map to better understand how to build diversified portfolios, which includes a position in Timothy Plan LargeMid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.