Timothy Small-cap Correlations

Mutual Funds . USA . 
Fund . Timothy Small Cap Value
TPLNX Fund  USD 19.15  0.13  0.67%   
The current 90-days correlation between Timothy Small Cap and Timothy Largemid Cap Value is 0.91 (i.e., Almost no 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

Good diversification

The correlation between Timothy Small Cap Value and DJI is -0.12 (i.e., Good 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 board of governors.

Moving together with Timothy Mutual Fund

  0.96TGCIX Timothy Plan GrowthPairCorr
  0.96TGIAX Timothy Plan GrowthPairCorr
  0.98TIAGX Timothy Aggressive GrowthPairCorr
  0.94TICIX Timothy Israel MonPairCorr
  0.98TIICX Timothy Plan ConservativePairCorr
  0.96TIGIX Timothy Plan GrowthPairCorr
  0.96TISGX Timothy Plan StrategicPairCorr
  0.96TLGCX Timothy Largemip CapPairCorr
  0.97TLGAX Timothy Plan LargePairCorr
  0.99TLVCX Timothy Largemid CapPairCorr
  0.99TLVAX Timothy Largemid CapPairCorr
  0.97TMVIX Timothy Largemid CapPairCorr
  0.93TPAIX Timothy Israel MonPairCorr
  0.82TPDIX Timothy Plan DefensivePairCorr
  0.94TPCIX Timothy Israel MonPairCorr
  0.81TPDCX Timothy Plan DefensivePairCorr
  0.82TPDAX Timothy Plan DefensivePairCorr
  0.93TPICX Timothy Plan InternaPairCorr
  0.93TPIAX Timothy Plan InternaPairCorr
  0.93TPIIX Timothy Plan InternaPairCorr
  0.96TPHCX Timothy Plan HighPairCorr
  0.96TPHAX Timothy Plan HighPairCorr
  0.97TPHIX Timothy Plan HighPairCorr
  0.96TPLIX Timothy Large/mip-capPairCorr
  1.0TPVIX Timothy Small CapPairCorr
  0.98TAAGX Timothy Aggressive GrowthPairCorr
  0.96TSGCX Timothy Strategic GrowthPairCorr
  0.96TSGAX Timothy Strategic GrowthPairCorr
  1.0TSVCX Timothy Plan SmallPairCorr
  0.97TCAGX Timothy Aggressive GrowthPairCorr
  0.98TCGAX Timothy Servative GrowthPairCorr
  0.96TCVCX Timothy Servative GrowthPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX 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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