Timothy Plan Correlations

Etfs . USA . 
Etf . Timothy Plan Small
TPSC Etf  USD 37.05  0.33  0.88%   
The current 90-days correlation between Timothy Plan Small and Timothy Plan LargeMid 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

Good diversification

The correlation between Timothy Plan Small and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan Small 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 Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Timothy Etf

  0.99VB Vanguard Small CapPairCorr
  0.98IJR iShares Core SPPairCorr
  0.73IWM iShares Russell 2000PairCorr
  0.98VRTIX Vanguard Russell 2000PairCorr
  0.98VTWO Vanguard Russell 2000PairCorr
  0.99FNDA Schwab Fundamental SmallPairCorr
  0.98SPSM SPDR Portfolio SPPairCorr
  0.99DFAS Dimensional Small CapPairCorr
  0.98VIOO Vanguard SP SmallPairCorr
  0.98PRFZ Invesco FTSE RAFIPairCorr
  0.96VTI Vanguard Total StockPairCorr
  0.95SPY SPDR SP 500PairCorr
  0.95IVV iShares Core SPPairCorr
  0.71VUG Vanguard Growth IndexPairCorr
  0.96VO Vanguard Mid CapPairCorr
  0.76JPM JPMorgan ChasePairCorr
  0.66BA BoeingPairCorr
  0.61CAT CaterpillarPairCorr
  0.82BAC Bank of AmericaPairCorr
  0.75HD Home DepotPairCorr

Moving against Timothy Etf

  0.59BND Vanguard Total BondPairCorr
  0.42VEA Vanguard FTSE DevelopedPairCorr
  0.38GDXU MicroSectors Gold MinersPairCorr
  0.61VZ Verizon CommunicationsPairCorr
  0.56TRV The Travelers CompaniesPairCorr
  0.46PG Procter GamblePairCorr
  0.44JNJ Johnson JohnsonPairCorr
  0.37T ATT Inc Earnings Call TomorrowPairCorr

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   
TPLE
+ 1.0
TPLC
TPHE
+ 1.0
TPHD
TPHD
+ 0.61
TPLC
TPLE
+ 0.61
TPHD
TPHE
+ 0.6
TPLC
TPHE
+ 0.59
TPLE
  
High negative correlations   
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.

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