Timothy Plan Correlations

Mutual Funds . USA . 
Fund . Timothy Plan Defensive
TPDIX Fund  USD 15.27  0.01  0.07%   
The current 90-days correlation between Timothy Plan Defensive and Growth Allocation Fund is 0.04 (i.e., Significant 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

Good diversification

The correlation between Timothy Plan Defensive and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Plan Defensive 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 Defensive. 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 gross domestic product.

Moving together with Timothy Mutual Fund

  0.84TIGIX Timothy Plan GrowthPairCorr
  0.9TISGX Timothy Plan StrategicPairCorr
  0.82TLGAX Timothy Plan LargePairCorr
  0.81TLVCX Timothy Largemid CapPairCorr
  1.0TPDCX Timothy Plan DefensivePairCorr
  0.93TPDAX Timothy Plan DefensivePairCorr
  0.89TPIIX Timothy Plan InternaPairCorr
  0.88TPHCX Timothy Plan HighPairCorr
  0.88TPHIX Timothy Plan HighPairCorr
  0.84TPLIX Timothy Large/mip-capPairCorr
  0.76TPLNX Timothy Small CapPairCorr
  0.81TPVIX Timothy Small CapPairCorr
  0.84TAAGX Timothy Aggressive GrowthPairCorr
  0.76TSVCX Timothy Plan SmallPairCorr
  0.84TCAGX Timothy Aggressive GrowthPairCorr

Related Correlations Analysis

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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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