Integrity Growth Correlations

IGIAX Fund

USD 117.28 0.30 0.26%

The current 90-days correlation between Integrity Growth Income and Omni Small Cap Value is 0.33 (i.e., Weak diversification). The correlation of Integrity Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Integrity Growth Income and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity Growth Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integrity Growth Income. 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 nation.

Moving together with Integrity Mutual Fund

0.74	VMTIX	Viking Tax Free	Pair Corr
0.68	VMTTX	Viking Tax Free	Pair Corr
0.74	VNDIX	Viking Tax Free	Pair Corr
0.72	VNDFX	Viking Tax Free	Pair Corr
0.64	APAYX	Integrity Dividend Summit	Pair Corr
0.67	IPAYX	Integrity Dividend Summit	Pair Corr
0.77	NEITX	Nebraska Municipal	Pair Corr
0.76	NEMUX	Nebraska Municipal	Pair Corr
0.7	OKMUX	Oklahoma Municipal	Pair Corr
0.73	OKMIX	Oklahoma Municipal	Pair Corr
0.81	IDHIX	Integrity Dividend	Pair Corr
0.82	IDHCX	Integrity Dividend	Pair Corr
0.73	MEIMX	Maine Municipal	Pair Corr
0.75	MEMUX	Maine Municipal	Pair Corr
1.0	IGIVX	Integrity Growth Income	Pair Corr
1.0	IGIUX	Integrity Growth Income	Pair Corr
0.76	IHFAX	Integrity High Income	Pair Corr
0.8	IHFCX	Integrity High Income	Pair Corr
0.75	IHFIX	Integrity High Income	Pair Corr
0.79	KSITX	Kansas Municipal	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.81	VINIX	Vanguard Institutional	Pair Corr
0.81	VIIIX	Vanguard Institutional	Pair Corr

Moving against Integrity Mutual Fund

0.77	UIPIX	Ultrashort Mid Cap	Pair Corr
0.63	USPSX	Profunds Ultrashort	Pair Corr
0.62	USPIX	Profunds Ultrashort	Pair Corr
0.61	CESGX	Coho Relative Value	Pair Corr

Related Correlations Analysis

	BOSVX	SCYVX	HSCVX	LMBMX	FCSGX	QSERX	MMSCX
BOSVX		0.96	0.93	0.99	0.92	0.96	0.96	BOSVX
SCYVX	0.96		0.93	0.97	0.89	0.94	0.94	SCYVX
HSCVX	0.93	0.93		0.9	0.85	0.85	0.83	HSCVX
LMBMX	0.99	0.97	0.9		0.93	0.98	0.97	LMBMX
FCSGX	0.92	0.89	0.85	0.93		0.93	0.92	FCSGX
QSERX	0.96	0.94	0.85	0.98	0.93		0.97	QSERX
MMSCX	0.96	0.94	0.83	0.97	0.92	0.97		MMSCX
	BOSVX	SCYVX	HSCVX	LMBMX	FCSGX	QSERX	MMSCX

Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity Growth 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 Growth'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
BOSVX	0.93	0.23	0.23	0.35	0.49	(1.12)	2.20	(1.37)	8.85
SCYVX	0.76	0.09	0.09	0.18	0.76	(0.88)	2.27	(1.56)	4.09
HSCVX	0.65	0.06	0.07	0.15	0.58	(0.78)	1.48	(1.20)	3.83
LMBMX	0.92	0.12	0.11	0.20	0.85	(1.05)	2.18	(1.80)	6.62
FCSGX	1.10	0.28	0.27	0.31	0.65	(1.29)	2.03	(1.73)	18.62
QSERX	1.05	0.16	0.13	0.24	0.92	(1.26)	2.04	(2.07)	10.30
MMSCX	0.93	0.27	0.17	4.94	0.70	(1.09)	1.80	(1.61)	10.04

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