Integrity Growth Correlations

IGIVX Fund  USD 117.53  0.30  0.26%   
The current 90-days correlation between Integrity Growth Income and 1919 Financial Services is -0.02 (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 0.68 (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 private.

Moving together with Integrity Mutual Fund

  0.74VMTIX Viking Tax FreePairCorr
  0.68VMTTX Viking Tax FreePairCorr
  0.74VNDIX Viking Tax FreePairCorr
  0.72VNDFX Viking Tax FreePairCorr
  0.65APAYX Integrity Dividend SummitPairCorr
  0.67IPAYX Integrity Dividend SummitPairCorr
  0.77NEITX Nebraska MunicipalPairCorr
  0.77NEMUX Nebraska MunicipalPairCorr
  0.71OKMUX Oklahoma MunicipalPairCorr
  0.73OKMIX Oklahoma MunicipalPairCorr
  0.82IDHIX Integrity DividendPairCorr
  0.82IDHCX Integrity DividendPairCorr
  0.73MEIMX Maine MunicipalPairCorr
  0.75MEMUX Maine MunicipalPairCorr
  1.0IGIAX Integrity Growth IncomePairCorr
  1.0IGIUX Integrity Growth IncomePairCorr
  0.76IHFAX Integrity High IncomePairCorr
  0.8IHFCX Integrity High IncomePairCorr
  0.75IHFIX Integrity High IncomePairCorr
  0.79KSITX Kansas MunicipalPairCorr
  0.63KSMUX Kansas MunicipalPairCorr
  0.8VTSAX Vanguard Total StockPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.83VTSMX Vanguard Total StockPairCorr
  0.83VITSX Vanguard Total StockPairCorr
  0.83VSMPX Vanguard Total StockPairCorr
  0.8VSTSX Vanguard Total StockPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.79VFFSX Vanguard 500 IndexPairCorr
  0.82VINIX Vanguard InstitutionalPairCorr
  0.82VIIIX Vanguard InstitutionalPairCorr

Moving against Integrity Mutual Fund

  0.77UIPIX Ultrashort Mid CapPairCorr
  0.63USPSX Profunds UltrashortPairCorr
  0.62USPIX Profunds UltrashortPairCorr
  0.61CESGX Coho Relative ValuePairCorr

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.