Timothy Small-cap Correlations

Mutual Funds . USA . 
Fund . Timothy Small Cap Value
TPVIX Fund  USD 19.74  0.14  0.70%   
The current 90-days correlation between Timothy Small Cap and Timothy Plan International is 0.8 (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

Very poor diversification

The correlation between Timothy Small Cap Value and DJI is 0.88 (i.e., Very 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 signals in gross domestic product.

Moving together with TIMOTHY Mutual Fund

  0.91TGCIX Timothy Plan GrowthPairCorr
  0.92TGIAX Timothy Plan GrowthPairCorr
  0.96TIAGX Timothy Aggressive GrowthPairCorr
  0.94TICIX Timothy Israel MonPairCorr
  0.94TIICX Timothy Plan ConservativePairCorr
  0.92TIGIX Timothy Plan GrowthPairCorr
  0.94TISGX Timothy Plan StrategicPairCorr
  0.94TLGCX Timothy Large/mip-capPairCorr
  0.97TLGAX Timothy Plan LargePairCorr
  0.94TLVCX Timothy Large/mid-capPairCorr
  0.94TLVAX Timothy Large/mid-capPairCorr
  0.99TMVIX Timothy Largemid CapPairCorr
  0.94TPAIX Timothy Israel MonPairCorr
  0.81TPDIX Timothy Plan DefensivePairCorr
  0.94TPCIX Timothy Israel MonPairCorr
  0.79TPDCX Timothy Plan DefensivePairCorr
  0.81TPDAX Timothy Plan DefensivePairCorr
  0.91TPICX Timothy Plan InternaPairCorr
  0.91TPIAX Timothy Plan InternaPairCorr
  0.93TPIIX Timothy Plan InternaPairCorr
  0.96TPHCX Timothy Plan HighPairCorr
  0.95TPHAX Timothy Plan HighPairCorr
  0.95TPHIX Timothy Plan HighPairCorr
  0.97TPLIX Timothy Largemip CapPairCorr
  0.95TPLNX Timothy Small CapPairCorr
  0.98TAAGX Timothy Aggressive GrowthPairCorr
  0.97TSGCX Timothy Strategic GrowthPairCorr
  0.97TSGAX Timothy Strategic GrowthPairCorr
  1.0TSVCX Timothy Plan SmallPairCorr
  0.96TCAGX Timothy Aggressive GrowthPairCorr
  0.94TCGAX Timothy Servative GrowthPairCorr
  0.98TCVCX Timothy Servative GrowthPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr

Related Correlations Analysis

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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.

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