Integrity Growth Correlations

Mutual Funds . USA . 
Fund . Integrity Growth Income
IGIAX Fund  USD 115.22  1.74  1.49%   
The current 90-days correlation between Integrity Growth Income and Williston Basinmid North America is -0.11 (i.e., Good 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 0.81 (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

  0.8VMTIX Viking Tax FreePairCorr
  0.81VMTTX Viking Tax FreePairCorr
  0.8VNDIX Viking Tax FreePairCorr
  0.82VNDFX Viking Tax FreePairCorr
  0.71APAYX Integrity Dividend SummitPairCorr
  0.71IPAYX Integrity Dividend SummitPairCorr
  0.8NEITX Nebraska MunicipalPairCorr
  0.77NEMUX Nebraska MunicipalPairCorr
  0.67ICPAX Williston Basin/mid-northPairCorr
  0.66ICPUX Williston Basin/mid-northPairCorr
  0.66ICWIX Williston Basin/mid-northPairCorr
  0.81OKMUX Oklahoma MunicipalPairCorr
  0.81OKMIX Oklahoma MunicipalPairCorr
  0.83IDHIX Integrity DividendPairCorr
  0.82IDHCX Integrity DividendPairCorr
  0.67IDIVX Integrity DividendPairCorr
  0.77MDSAX Integrity Short TermPairCorr
  0.77MEIMX Maine MunicipalPairCorr
  0.79MEMUX Maine MunicipalPairCorr
  0.97IGIVX Integrity Growth IncomePairCorr
  0.91IGIUX Integrity Growth IncomePairCorr
  0.88IHFAX Integrity High IncomePairCorr
  0.88IHFCX Integrity High IncomePairCorr
  0.88IHFIX Integrity High IncomePairCorr
  0.78KSITX Kansas MunicipalPairCorr
  0.78KSMUX Kansas MunicipalPairCorr
  0.86VTSAX Vanguard Total StockPairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.7VITSX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.86VSTSX Vanguard Total StockPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr
  0.82VFFSX Vanguard 500 IndexPairCorr
  0.65VINIX Vanguard InstitutionalPairCorr
  0.65VIIIX Vanguard InstitutionalPairCorr
  0.67LIIAX Columbia Porate IncomePairCorr
  0.62SRINX Columbia Porate IncomePairCorr
  0.64WRHIX Ivy High IncomePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMTIX  0.06  0.01  0.00  0.80  0.00 
 0.00 
 0.22 
(0.11)
 0.55 
VMTTX  0.06  0.02  0.00  2.18  0.00 
 0.00 
 0.22 
 0.00 
 0.66 
VNDIX  0.07  0.02  0.00 (2.38) 0.00 
 0.00 
 0.23 
 0.00 
 0.68 
VNDFX  0.07  0.02  0.00 (2.40) 0.00 
 0.00 
 0.23 
(0.11)
 0.68 
APAYX  0.50  0.26  0.44 (5.67) 0.00 
(0.64)
 1.39 
(0.65)
 2.60 
IPAYX  0.52  0.22  0.36  0.70  0.00 
(0.64)
 1.36 
(0.65)
 2.53 
NEITX  0.06  0.01  0.00  0.49  0.00 
 0.00 
 0.22 
(0.11)
 0.65 
NEMUX  0.06  0.01 (0.12) 3.20  0.00 
(0.16)
 0.22 
(0.11)
 0.65 
ICPAX  0.83  0.35  0.29 (5.12) 0.53 
(1.01)
 2.17 
(1.35)
 4.11 
ICPUX  0.86  0.30  0.25  0.59  0.63 
(1.05)
 2.34 
(1.45)
 4.14 

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