Timothy Israel Correlations

Mutual Funds . USA . 
Fund . Timothy Israel Mon
TPCIX Fund  USD 31.20  0.06  0.19%   
The current 90-days correlation between Timothy Israel Mon and Rational Strategic Allocation is 0.54 (i.e., Very weak diversification). The correlation of Timothy Israel 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 Israel Correlation With Market

Very weak diversification

The correlation between Timothy Israel Mon and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Israel Mon 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 Israel Mon. 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

  0.65TFICX Timothy Fixed IncomePairCorr
  0.69TFIAX Timothy Fixed IncomePairCorr
  0.93TGCIX Timothy Plan GrowthPairCorr
  0.93TGIAX Timothy Plan GrowthPairCorr
  0.93TIAGX Timothy Aggressive GrowthPairCorr
  1.0TICIX Timothy Israel MonPairCorr
  0.92TIICX Timothy Plan ConservativePairCorr
  0.94TIGIX Timothy Plan GrowthPairCorr
  0.9TISGX Timothy Plan StrategicPairCorr
  0.88TLGCX Timothy Largemip CapPairCorr
  0.88TLGAX Timothy Plan LargePairCorr
  0.91TLVCX Timothy Largemid CapPairCorr
  0.91TLVAX Timothy Largemid CapPairCorr
  0.91TMVIX Timothy Largemid CapPairCorr
  1.0TPAIX Timothy Israel MonPairCorr
  0.79TPDIX Timothy Plan DefensivePairCorr
  0.77TPDCX Timothy Plan DefensivePairCorr
  0.79TPDAX Timothy Plan DefensivePairCorr
  0.84TPICX Timothy Plan InternaPairCorr
  0.84TPIAX Timothy Plan InternaPairCorr
  0.84TPIIX Timothy Plan InternaPairCorr
  0.92TPHCX Timothy Plan HighPairCorr
  0.92TPHAX Timothy Plan HighPairCorr
  0.93TPHIX Timothy Plan HighPairCorr
  0.88TPLIX Timothy Large/mip-capPairCorr
  0.94TPLNX Timothy Small CapPairCorr
  0.94TPVIX Timothy Small CapPairCorr
  0.93TAAGX Timothy Aggressive GrowthPairCorr
  0.9TSGCX Timothy Strategic GrowthPairCorr
  0.9TSGAX Timothy Strategic GrowthPairCorr
  0.94TSVCX Timothy Plan SmallPairCorr
  0.93TCAGX Timothy Aggressive GrowthPairCorr
  0.92TCGAX Timothy Servative GrowthPairCorr
  0.91TCVCX Timothy Servative GrowthPairCorr
  0.89FCNSX Fidelity Series CanadaPairCorr
  0.9FSCJX Fidelity Sai CanadaPairCorr
  0.88FACNX Fidelity CanadaPairCorr
  0.88FTCNX Fidelity CanadaPairCorr
  0.88FCCNX Fidelity CanadaPairCorr

Moving against Timothy Mutual Fund

  0.87USPSX Profunds UltrashortPairCorr
  0.87USPIX Profunds UltrashortPairCorr
  0.73TCTGX Transamerica CleartrackPairCorr
  0.73TCTJX Transamerica CleartrackPairCorr
  0.72TDKTX Cleartrack 2015 ClassPairCorr
  0.72TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Israel 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 Israel'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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