Timothy Aggressive Correlations

Mutual Funds USA . 
Fund . Timothy Aggressive Growth
TAAGX Fund  USD 12.48  0.16  1.30%   
The current 90-days correlation between Timothy Aggressive Growth and T Rowe Price is 0.91 (i.e., Almost no diversification). The correlation of Timothy Aggressive 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 Aggressive Correlation With Market

Significant diversification

The correlation between Timothy Aggressive Growth and NYA is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timothy Aggressive Growth and NYA 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 Aggressive 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 price.

Moving together with Timothy Mutual Fund

  0.61TFIAX Timothy Fixed IncomePairCorr
  0.75TGCIX Timothy Plan GrowthPairCorr
  0.78TGIAX Timothy Plan GrowthPairCorr
  1.0TIAGX Timothy Aggressive GrowthPairCorr
  0.79TIGIX Timothy Plan GrowthPairCorr
  0.91TLGCX Timothy Large/mip-capPairCorr
  0.92TLGAX Timothy Plan LargePairCorr
  0.96TLVCX Timothy Large/mid-capPairCorr
  0.97TLVAX Timothy Large/mid-capPairCorr
  0.97TMVIX Timothy Largemid CapPairCorr
  0.63TPFIX Timothy Fixed IncomePairCorr
  0.91TPICX Timothy Plan InternaPairCorr
  0.9TPIAX Timothy Plan InternaPairCorr
  0.9TPIIX Timothy Plan InternaPairCorr
  0.78TPHCX Timothy Plan HighPairCorr
  0.77TPHAX Timothy Plan HighPairCorr
  0.75TPHIX Timothy Plan HighPairCorr
  0.86TPLIX Timothy Large/mip-capPairCorr
  0.76TPLNX Timothy Small CapPairCorr
  0.77TPVIX Timothy Small CapPairCorr
  0.94TSGCX Timothy Strategic GrowthPairCorr
  0.94TSGAX Timothy Strategic GrowthPairCorr
  0.75TSVCX Timothy Plan SmallPairCorr
  1.0TCAGX Timothy Aggressive GrowthPairCorr
  0.93TCGAX Timothy Servative GrowthPairCorr
  0.93TCVCX Timothy Servative GrowthPairCorr
  0.64PAMCX T Rowe PricePairCorr
  0.64RRMGX T Rowe PricePairCorr
  0.67TRQZX T Rowe PricePairCorr
  0.65RPMGX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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