Timothy Small-cap Correlations

TPVIX Fund

USD 19.77 0.39 1.93%

The current 90-days correlation between Timothy Small Cap and Hartford Schroders Small is 0.85 (i.e., Very poor diversification). The correlation of Timothy Small-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 Small-cap Correlation With Market

Poor diversification

The correlation between Timothy Small Cap Value and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Small 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 Small 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 various price indices.

Moving together with Timothy Mutual Fund

0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.95	VSCPX	Vanguard Small Cap	Pair Corr
0.95	NAESX	Vanguard Small Cap	Pair Corr
0.93	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.97	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.82	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.81	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.78	WMT	Walmart Common Stock	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.62	MRK	Merck Company	Pair Corr

Moving against Timothy Mutual Fund

0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.53	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.47	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	WAMFX	EPVIX	NWKEX	ACTIX	NWGPX	TGUNX	DSMLX	TASCX	NCBVX	HOOSX
WAMFX		0.95	0.83	0.64	0.95	0.0	-0.18	0.84	0.91	0.95	WAMFX
EPVIX	0.95		0.77	0.62	0.94	0.0	-0.29	0.91	0.94	0.94	EPVIX
NWKEX	0.83	0.77		0.53	0.87	0.0	-0.04	0.65	0.73	0.77	NWKEX
ACTIX	0.64	0.62	0.53		0.61	0.0	0.19	0.6	0.71	0.59	ACTIX
NWGPX	0.95	0.94	0.87	0.61		0.0	-0.11	0.76	0.84	0.89	NWGPX
TGUNX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TGUNX
DSMLX	-0.18	-0.29	-0.04	0.19	-0.11	0.0		-0.36	-0.18	-0.24	DSMLX
TASCX	0.84	0.91	0.65	0.6	0.76	0.0	-0.36		0.96	0.88	TASCX
NCBVX	0.91	0.94	0.73	0.71	0.84	0.0	-0.18	0.96		0.93	NCBVX
HOOSX	0.95	0.94	0.77	0.59	0.89	0.0	-0.24	0.88	0.93		HOOSX
	WAMFX	EPVIX	NWKEX	ACTIX	NWGPX	TGUNX	DSMLX	TASCX	NCBVX	HOOSX

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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

NCBVX	+ 0.96	TASCX
EPVIX	+ 0.95	WAMFX
NWGPX	+ 0.95	WAMFX
HOOSX	+ 0.95	WAMFX
NWGPX	+ 0.94	EPVIX
NCBVX	+ 0.94	EPVIX

High negative correlations

TASCX	- 0.36	DSMLX
DSMLX	- 0.29	EPVIX
HOOSX	- 0.24	DSMLX
NCBVX	- 0.18	DSMLX
DSMLX	- 0.18	WAMFX
DSMLX	- 0.11	NWGPX

Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Small-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 Small-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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WAMFX	0.67	0.16	0.10	(0.96)	0.49	(0.89)	1.60	(1.00)	8.33
EPVIX	0.79	0.40	0.42	1.90	0.00	(1.03)	1.56	(0.93)	8.56
NWKEX	1.52	0.45	0.47	0.43	0.35	(2.13)	2.34	(1.55)	36.28
ACTIX	0.13	(0.01)	0.00	8.23	0.00	0.00	0.32	(0.31)	0.74
NWGPX	1.71	0.69	0.56	(0.87)	0.23	(2.61)	2.35	(1.51)	41.25
TGUNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSMLX	0.84	(0.12)	0.00	(0.32)	0.00	0.00	1.64	(2.32)	5.12
TASCX	0.69	0.14	0.08	(0.60)	0.57	(0.82)	1.89	(1.00)	3.73
NCBVX	0.62	0.09	0.02	(0.78)	0.59	(0.71)	1.57	(1.26)	3.36
HOOSX	1.09	0.35	0.29	1.50	0.49	(1.32)	2.31	(1.76)	18.08

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