Integrity Dividend Correlations

APAYX Fund

11.37 0.12 1.04%

The current 90-days correlation between Integrity Dividend Summit and Dodge Cox Stock is -0.12 (i.e., Good diversification). The correlation of Integrity Dividend 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.

Integrity Dividend Correlation With Market

Very weak diversification

The correlation between Integrity Dividend Summit and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity Dividend Summit and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Integrity Dividend Summit. 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 manufacturing.

Moving together with Integrity Mutual Fund

1.0	IPAYX	Integrity Dividend Summit	Pair Corr
0.91	IDHIX	Integrity Dividend	Pair Corr
0.91	IDHCX	Integrity Dividend	Pair Corr
0.91	IDIVX	Integrity Dividend	Pair Corr
0.76	IGIAX	Integrity Growth Income	Pair Corr
0.76	IGIVX	Integrity Growth Income	Pair Corr
0.82	IHFAX	Integrity High Income	Pair Corr
0.79	IHFIX	Integrity High Income	Pair Corr
0.82	VVIAX	Vanguard Value Index	Pair Corr
0.86	AFMFX	American Mutual	Pair Corr
0.86	FFMMX	American Funds American	Pair Corr
0.86	FFFMX	American Funds American	Pair Corr
0.86	AMRMX	American Mutual	Pair Corr
0.8	AMFFX	American Mutual	Pair Corr
0.8	AMFCX	American Mutual	Pair Corr
0.65	DODGX	Dodge Stock Fund	Pair Corr
0.82	VIVAX	Vanguard Value Index	Pair Corr
0.71	VTSAX	Vanguard Total Stock	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VSTSX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.69	VFINX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX
DOXGX		0.81	0.8	0.81	0.8	0.86	0.85	0.95	0.89	DOXGX
AFMFX	0.81		1.0	1.0	1.0	0.92	0.92	0.87	0.96	AFMFX
FFMMX	0.8	1.0		1.0	1.0	0.92	0.92	0.87	0.96	FFMMX
FFFMX	0.81	1.0	1.0		1.0	0.92	0.92	0.87	0.96	FFFMX
AMRMX	0.8	1.0	1.0	1.0		0.92	0.92	0.86	0.96	AMRMX
AMFFX	0.86	0.92	0.92	0.92	0.92		1.0	0.81	0.88	AMFFX
AMFCX	0.85	0.92	0.92	0.92	0.92	1.0		0.8	0.88	AMFCX
DODGX	0.95	0.87	0.87	0.87	0.86	0.81	0.8		0.95	DODGX
VIVAX	0.89	0.96	0.96	0.96	0.96	0.88	0.88	0.95		VIVAX
	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX

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Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity Dividend 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 Integrity Dividend'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DOXGX	0.52	0.09	(0.05)	(1.61)	0.45	(0.59)	0.94	(0.93)	4.22
AFMFX	0.46	(0.02)	(0.11)	0.09	0.43	(0.51)	0.90	(0.86)	2.68
FFMMX	0.46	(0.02)	(0.11)	0.09	0.43	(0.51)	0.90	(0.86)	2.66
FFFMX	0.45	(0.02)	(0.11)	0.09	0.42	(0.51)	0.90	(0.86)	2.68
AMRMX	0.45	(0.02)	(0.11)	0.09	0.43	(0.51)	0.91	(0.86)	2.66
AMFFX	0.45	0.05	(0.12)	2.39	0.43	(0.50)	0.90	(0.86)	2.68
AMFCX	0.45	0.05	(0.13)	2.07	0.43	(0.50)	0.90	(0.88)	2.68
DODGX	0.52	(0.02)	(0.05)	0.10	0.45	(0.59)	0.94	(0.94)	4.22
VIVAX	0.51	(0.01)	(0.05)	0.11	0.38	(0.60)	1.05	(0.83)	3.45

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Integrity Dividend Correlations

Integrity Dividend Correlation With Market

Very weak diversification

Moving together with Integrity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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