Timothy Plan Correlations

Mutual Funds . USA . 
Fund . Timothy Plan Defensive
TPDIX Fund  USD 15.29  0.04  0.26%   
The current 90-days correlation between Timothy Plan Defensive and T Rowe Price is -0.06 (i.e., Good 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 -0.04 (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

  0.83TGCIX Timothy Plan GrowthPairCorr
  0.84TIAGX Timothy Aggressive GrowthPairCorr
  0.79TICIX Timothy Israel MonPairCorr
  0.85TIICX Timothy Plan ConservativePairCorr
  0.83TIGIX Timothy Plan GrowthPairCorr
  0.84TISGX Timothy Plan StrategicPairCorr
  0.81TLVCX Timothy Largemid CapPairCorr
  0.8TPAIX Timothy Israel MonPairCorr
  0.79TPCIX Timothy Israel MonPairCorr
  1.0TPDCX Timothy Plan DefensivePairCorr
  1.0TPDAX Timothy Plan DefensivePairCorr
  0.64TPFIX Timothy Fixed IncomePairCorr
  0.84TPICX Timothy Plan InternaPairCorr
  0.85TPIAX Timothy Plan InternaPairCorr
  0.86TPIIX Timothy Plan InternaPairCorr
  0.89TPHCX Timothy Plan HighPairCorr
  0.89TPHAX Timothy Plan HighPairCorr
  0.89TPHIX Timothy Plan HighPairCorr
  0.8TPLIX Timothy Large/mip-capPairCorr
  0.83TPVIX Timothy Small CapPairCorr
  0.84TAAGX Timothy Aggressive GrowthPairCorr
  0.84TSGCX Timothy Strategic GrowthPairCorr
  0.84TSGAX Timothy Strategic GrowthPairCorr
  0.82TSVCX Timothy Plan SmallPairCorr
  0.84TCAGX Timothy Aggressive GrowthPairCorr
  0.84TCVCX 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 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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