Timothy Large/mip-cap Correlations

Mutual Funds . USA . 
Fund . Timothy Largemip Cap Growth
TPLIX Fund  USD 14.42  0.14  0.98%   
The current 90-days correlation between Timothy Large/mip-cap and Rbc Emerging Markets is 0.66 (i.e., Poor diversification). The correlation of Timothy Large/mip-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/mip-cap Correlation With Market

Good diversification

The correlation between Timothy Largemip Cap Growth and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Largemip Cap Growth 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 Largemip Cap Growth. 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

  0.94TGCIX Timothy Plan GrowthPairCorr
  0.94TGIAX Timothy Plan GrowthPairCorr
  0.97TIAGX Timothy Aggressive GrowthPairCorr
  0.89TICIX Timothy Israel MonPairCorr
  0.61TIICX Timothy Plan ConservativePairCorr
  0.94TIGIX Timothy Plan GrowthPairCorr
  0.98TISGX Timothy Plan StrategicPairCorr
  0.98TLGCX Timothy Largemip CapPairCorr
  0.98TLGAX Timothy Plan LargePairCorr
  0.99TLVCX Timothy Largemid CapPairCorr
  0.97TLVAX Timothy Largemid CapPairCorr
  0.97TMVIX Timothy Largemid CapPairCorr
  0.88TPAIX Timothy Israel MonPairCorr
  0.8TPDIX Timothy Plan DefensivePairCorr
  0.88TPCIX Timothy Israel MonPairCorr
  0.8TPDCX Timothy Plan DefensivePairCorr
  0.81TPDAX Timothy Plan DefensivePairCorr
  0.97TPICX Timothy Plan InternaPairCorr
  0.97TPIAX Timothy Plan InternaPairCorr
  0.96TPIIX Timothy Plan InternaPairCorr
  0.96TPHAX Timothy Plan HighPairCorr
  0.96TPHIX Timothy Plan HighPairCorr
  0.95TPVIX Timothy Small CapPairCorr
  0.99TAAGX Timothy Aggressive GrowthPairCorr
  0.99TSGCX Timothy Strategic GrowthPairCorr
  0.98TSGAX Timothy Strategic GrowthPairCorr
  0.97TSVCX Timothy Plan SmallPairCorr
  0.99TCAGX Timothy Aggressive GrowthPairCorr
  0.97TCGAX Timothy Servative GrowthPairCorr
  0.98TCVCX Timothy Servative GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Large/mip-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/mip-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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