Timothy Large/mip-cap Correlations

Mutual Funds . USA . 
Fund . Timothy Largemip Cap Growth
TLGCX Fund  USD 8.91  0.02  0.22%   
The current 90-days correlation between Timothy Large/mip-cap and Amg River Road is 0.94 (i.e., Almost no diversification). The correlation of Timothy Large/mip-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 Large/mip-cap Correlation With Market

Almost no diversification

The correlation between Timothy Largemip Cap Growth and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Largemip Cap Growth 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 Largemip Cap Growth. 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 main economic indicators.

Moving together with Timothy Mutual Fund

  0.7TGCIX Timothy Plan GrowthPairCorr
  0.72TGIAX Timothy Plan GrowthPairCorr
  0.99TIAGX Timothy Aggressive GrowthPairCorr
  0.93TICIX Timothy Israel Mon Steady GrowthPairCorr
  0.95TIICX Timothy Plan ConservativePairCorr
  0.73TIGIX Timothy Plan GrowthPairCorr
  0.97TISGX Timothy Plan StrategicPairCorr
  1.0TLGAX Timothy Plan LargePairCorr
  0.95TLVCX Timothy Large/mid-capPairCorr
  0.95TLVAX Timothy Large/mid-capPairCorr
  0.95TMVIX Timothy Largemid CapPairCorr
  0.93TPAIX Timothy Israel Mon Steady GrowthPairCorr
  0.93TPCIX Timothy Israel Mon Steady GrowthPairCorr
  0.81TPDCX Timothy Plan DefensivePairCorr
  0.81TPDAX Timothy Plan DefensivePairCorr
  0.96TPICX Timothy Plan InternaPairCorr
  0.96TPIAX Timothy Plan InternaPairCorr
  0.96TPIIX Timothy Plan InternaPairCorr
  0.93TPHCX Timothy Plan HighPairCorr
  0.94TPHAX Timothy Plan HighPairCorr
  0.94TPHIX Timothy Plan HighPairCorr
  1.0TPLIX Timothy Large/mip-capPairCorr
  0.83TPLNX Timothy Small CapPairCorr
  0.83TPVIX Timothy Small CapPairCorr
  0.99TAAGX Timothy Aggressive GrowthPairCorr
  0.97TSGCX Timothy Strategic GrowthPairCorr
  0.97TSGAX Timothy Strategic GrowthPairCorr
  0.83TSVCX Timothy Plan SmallPairCorr
  0.99TCAGX Timothy Aggressive GrowthPairCorr
  0.95TCGAX Timothy Servative GrowthPairCorr
  0.95TCVCX Timothy Servative GrowthPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Timothy Mutual Fund performing well and Timothy Large/mip-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 Large/mip-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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