Timothy Large/mid-cap Correlations

Mutual Funds USA . 
Fund . Timothy Largemid Cap Value
TLVCX Fund  USD 16.41  0.14  0.85%   
The current 90-days correlation between Timothy Large/mid-cap and Tax Managed Large Cap is 0.78 (i.e., Poor diversification). The correlation of Timothy Large/mid-cap 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 Large/mid-cap Correlation With Market

Very poor diversification

The correlation between Timothy Largemid Cap Value and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Largemid Cap Value 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 Largemid Cap Value. 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 services.

Moving together with Timothy Mutual Fund

  0.8TFICX Timothy Fixed IncomePairCorr
  0.81TFIAX Timothy Fixed IncomePairCorr
  0.97TGCIX Timothy Plan GrowthPairCorr
  0.97TGIAX Timothy Plan GrowthPairCorr
  0.93TIAGX Timothy Aggressive GrowthPairCorr
  0.88TICIX Timothy Israel MonPairCorr
  0.96TIICX Timothy Plan ConservativePairCorr
  0.97TISGX Timothy Plan StrategicPairCorr
  0.92TLGCX Timothy Large/mip-capPairCorr
  0.91TLGAX Timothy Plan LargePairCorr
  1.0TLVAX Timothy Large/mid-capPairCorr
  1.0TMVIX Timothy Largemid CapPairCorr
  0.88TPAIX Timothy Israel MonPairCorr
  0.67TPDIX Timothy Plan DefensivePairCorr
  0.88TPCIX Timothy Israel MonPairCorr
  0.84TPICX Timothy Plan InternaPairCorr
  0.84TPIAX Timothy Plan InternaPairCorr
  0.84TPIIX Timothy Plan InternaPairCorr
  0.95TPHCX Timothy Plan HighPairCorr
  0.95TPHAX Timothy Plan HighPairCorr
  0.92TPLIX Timothy Large/mip-capPairCorr
  0.97TPLNX Timothy Small CapPairCorr
  0.97TPVIX Timothy Small CapPairCorr
  0.93TAAGX Timothy Aggressive GrowthPairCorr
  0.97TSGCX Timothy Strategic GrowthPairCorr
  0.97TSGAX Timothy Strategic GrowthPairCorr
  0.97TSVCX Timothy Plan SmallPairCorr
  0.93TCAGX Timothy Aggressive GrowthPairCorr
  0.96TCGAX Timothy Servative GrowthPairCorr
  0.96TCVCX Timothy Servative GrowthPairCorr
  0.96VIMAX Vanguard Mid CapPairCorr
  0.96VIMSX Vanguard Mid CapPairCorr
  0.96VMCPX Vanguard Mid CapPairCorr
  0.96VMCIX Vanguard Mid CapPairCorr
  0.97VEXAX Vanguard Extended MarketPairCorr
  0.97VEMPX Vanguard Extended MarketPairCorr
  0.97VIEIX Vanguard Extended MarketPairCorr
  0.97VEXMX Vanguard Extended MarketPairCorr
  0.97FSMAX Fidelity Extended MarketPairCorr

Moving against Timothy Mutual Fund

  0.63XNBHX Neuberger Berman IntPairCorr
  0.53XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Large/mid-cap 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 Large/mid-cap'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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