Integrity Growth Correlations

Mutual Funds . USA . 
Fund . Integrity Growth Income
IGIUX Fund  USD 110.31  1.67  1.49%   
The current 90-days correlation between Integrity Growth Income and Williston Basinmid North America is 0.43 (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 0.88 (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 manufacturing.

Moving together with Integrity Mutual Fund

  0.81VMTIX Viking Tax FreePairCorr
  0.82VMTTX Viking Tax FreePairCorr
  0.82VNDIX Viking Tax FreePairCorr
  0.83VNDFX Viking Tax FreePairCorr
  0.69APAYX Integrity Dividend SummitPairCorr
  0.7IPAYX Integrity Dividend SummitPairCorr
  0.83NEITX Nebraska MunicipalPairCorr
  0.77NEMUX Nebraska MunicipalPairCorr
  0.61ICPAX Williston Basin/mid-northPairCorr
  0.63ICPUX Williston Basin/mid-northPairCorr
  0.63ICWIX Williston Basin/mid-northPairCorr
  0.82OKMUX Oklahoma MunicipalPairCorr
  0.84OKMIX Oklahoma MunicipalPairCorr
  0.84IDHIX Integrity DividendPairCorr
  0.86IDHCX Integrity DividendPairCorr
  0.66IDIVX Integrity DividendPairCorr
  0.79MDSAX Integrity Short TermPairCorr
  0.76MEIMX Maine MunicipalPairCorr
  0.79MEMUX Maine MunicipalPairCorr
  0.91IGIAX Integrity Growth IncomePairCorr
  0.96IGIVX Integrity Growth IncomePairCorr
  0.91IHFAX Integrity High IncomePairCorr
  0.91IHFCX Integrity High IncomePairCorr
  0.91IHFIX Integrity High IncomePairCorr
  0.81KSITX Kansas MunicipalPairCorr
  0.8KSMUX Kansas MunicipalPairCorr
  0.73VTSAX Vanguard Total StockPairCorr
  0.72VFIAX Vanguard 500 IndexPairCorr
  0.78VTSMX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.72VFINX Vanguard 500 IndexPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr
  0.73VINIX Vanguard InstitutionalPairCorr
  0.73VIIIX Vanguard InstitutionalPairCorr
  0.7LIIAX Columbia Porate IncomePairCorr
  0.63SRINX Columbia Porate IncomePairCorr
  0.74WRHIX 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  0.01  0.00  0.60  0.00 
 0.00 
 0.23 
(0.11)
 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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