Integrity Growth Correlations

Mutual Funds . USA . 
Fund . Integrity Growth Income
IGIUX Fund  USD 100.66  0.16  0.16%   
The current 90-days correlation between Integrity Growth Income and Gmo Resources is -0.08 (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

Poor diversification

The correlation between Integrity Growth Income and DJI is 0.75 (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 employment.

Moving together with Integrity Mutual Fund

  0.74APAYX Integrity Dividend SummitPairCorr
  0.73IPAYX Integrity Dividend SummitPairCorr
  0.75ICPAX Williston Basin/mid-northPairCorr
  0.75ICPUX Williston Basin/mid-northPairCorr
  0.76ICWIX Williston BasinmidPairCorr
  0.91IDHIX Integrity DividendPairCorr
  0.91IDHCX Integrity DividendPairCorr
  0.91IDIVX Integrity DividendPairCorr
  1.0IGIAX Integrity Growth IncomePairCorr
  1.0IGIVX Integrity Growth IncomePairCorr
  0.71IHFAX Integrity High IncomePairCorr
  0.67IHFCX Integrity High IncomePairCorr
  0.68IHFIX Integrity High IncomePairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.9VITSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VIIIX Vanguard InstitutionalPairCorr
  0.83FEMDX Franklin Emerging MarketPairCorr

Moving against Integrity Mutual Fund

  0.45VNDIX Viking Tax FreePairCorr
  0.44VNDFX Viking Tax FreePairCorr
  0.37NEITX Nebraska MunicipalPairCorr
  0.37NEMUX Nebraska MunicipalPairCorr
  0.37OKMUX Oklahoma MunicipalPairCorr
  0.37MEIMX Maine MunicipalPairCorr
  0.35VMTTX Viking Tax FreePairCorr
  0.35OKMIX Oklahoma MunicipalPairCorr
  0.43KSMUX Kansas MunicipalPairCorr
  0.42KSITX Kansas MunicipalPairCorr
  0.34MEMUX Maine MunicipalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ALEFX
+ 0.97
XEMOX
HNRGX
+ 0.84
XEMOX
HNRGX
+ 0.8
ALEFX
CGAEX
+ 0.74
GMOWX
GRHAX
+ 0.73
ALEFX
GRHAX
+ 0.65
HNRGX
  
High negative correlations   
XEMOX
- 0.4
CGAEX
ALEFX
- 0.36
CGAEX
ALEFX
- 0.31
GMOWX
XEMOX
- 0.29
GMOWX
HNRGX
- 0.12
CGAEX

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.

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