Integrity Growth Correlations

IGIAX Fund  USD 117.63  3.93  3.46%   
The current 90-days correlation between Integrity Growth Income and World Energy Fund is 0.59 (i.e., Very 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

Very poor diversification

The correlation between Integrity Growth Income and DJI is 0.87 (i.e., Very 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

  0.83VMTIX Viking Tax FreePairCorr
  0.85VMTTX Viking Tax FreePairCorr
  0.84VNDIX Viking Tax FreePairCorr
  0.87VNDFX Viking Tax FreePairCorr
  0.76APAYX Integrity Dividend SummitPairCorr
  0.76IPAYX Integrity Dividend SummitPairCorr
  0.86NEITX Nebraska MunicipalPairCorr
  0.84NEMUX Nebraska MunicipalPairCorr
  0.66ICPAX Williston Basin/mid-northPairCorr
  0.66ICPUX Williston Basin/mid-northPairCorr
  0.67ICWIX Williston Basin/mid-northPairCorr
  0.85OKMUX Oklahoma MunicipalPairCorr
  0.85OKMIX Oklahoma MunicipalPairCorr
  0.88IDHIX Integrity DividendPairCorr
  0.88IDHCX Integrity DividendPairCorr
  0.88IDIVX Integrity DividendPairCorr
  0.79MDSAX Integrity Short TermPairCorr
  0.82MEIMX Maine MunicipalPairCorr
  0.84MEMUX Maine MunicipalPairCorr
  1.0IGIVX Integrity Growth IncomePairCorr
  1.0IGIUX Integrity Growth IncomePairCorr
  0.86IHFAX Integrity High IncomePairCorr
  0.85IHFCX Integrity High IncomePairCorr
  0.86IHFIX Integrity High IncomePairCorr
  0.83KSITX Kansas MunicipalPairCorr
  0.84KSMUX Kansas MunicipalPairCorr
  0.84VTSAX Vanguard Total StockPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.83VTSMX Vanguard Total StockPairCorr
  0.84VITSX Vanguard Total StockPairCorr
  0.84VSMPX Vanguard Total StockPairCorr
  0.84VSTSX Vanguard Total StockPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.82VINIX Vanguard InstitutionalPairCorr
  0.82VIIIX Vanguard InstitutionalPairCorr
  0.86FSMMX Fs Multi StrategyPairCorr
  0.92BTMPX Ishares Msci EafePairCorr
  0.92BTMKX Blackrock InternationalPairCorr

Related Correlations Analysis


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.