Integrity High Correlations

IHFAX Fund

USD 7.71 0.01 0.13%

The current 90-days correlation between Integrity High Income and Prudential Emerging Markets is 0.07 (i.e., Significant diversification). The correlation of Integrity High 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 High Correlation With Market

Almost no diversification

The correlation between Integrity High Income and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity High 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 High 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

0.88	VMTIX	Viking Tax Free	Pair Corr
0.9	VMTTX	Viking Tax Free	Pair Corr
0.89	VNDIX	Viking Tax Free	Pair Corr
0.88	VNDFX	Viking Tax Free	Pair Corr
0.85	APAYX	Integrity Dividend Summit	Pair Corr
0.85	IPAYX	Integrity Dividend Summit	Pair Corr
0.85	NEITX	Nebraska Municipal	Pair Corr
0.89	NEMUX	Nebraska Municipal	Pair Corr
0.63	ICPAX	Williston Basin/mid-north	Pair Corr
0.63	ICPUX	Williston Basin/mid-north	Pair Corr
0.64	ICWIX	Williston Basin/mid-north	Pair Corr
0.9	OKMUX	Oklahoma Municipal	Pair Corr
0.9	OKMIX	Oklahoma Municipal	Pair Corr
0.92	IDHIX	Integrity Dividend	Pair Corr
0.93	IDHCX	Integrity Dividend	Pair Corr
0.93	IDIVX	Integrity Dividend	Pair Corr
0.94	MDSAX	Integrity Short Term	Pair Corr
0.86	MEIMX	Maine Municipal	Pair Corr
0.84	IGIAX	Integrity Growth Income	Pair Corr
0.87	IGIVX	Integrity Growth Income	Pair Corr
0.87	IGIUX	Integrity Growth Income	Pair Corr
0.99	IHFCX	Integrity High Income	Pair Corr
0.98	IHFIX	Integrity High Income	Pair Corr
0.83	KSITX	Kansas Municipal	Pair Corr
0.87	KSMUX	Kansas Municipal	Pair Corr
0.96	AHTFX	American High Income	Pair Corr
0.99	AHTCX	American High Income	Pair Corr
0.99	AHITX	American High Income	Pair Corr
0.95	BHYCX	Blackrock Hi Yld	Pair Corr
0.95	BHYIX	Blackrock High Yield	Pair Corr
0.95	BHYSX	Blackrock Hi Yld	Pair Corr
0.96	BHYAX	Blackrock High Yield	Pair Corr
0.97	VWEHX	Vanguard High Yield	Pair Corr
0.97	VWEAX	Vanguard High Yield	Pair Corr
0.94	PHYZX	Prudential High Yield	Pair Corr
0.92	FSMMX	Fs Multi Strategy	Pair Corr
0.93	BTMPX	Ishares Msci Eafe	Pair Corr
0.94	BTMKX	Blackrock International	Pair Corr
0.94	MDIIX	Blackrock Intern Index	Pair Corr

Related Correlations Analysis

	STSEX	TIMXX	QCMMIX	LDMAX	PLMPX	JHMXX	PDHCX
STSEX		0.0	0.37	0.48	0.3	0.0	0.46	STSEX
TIMXX	0.0		0.0	0.0	0.0	0.0	0.0	TIMXX
QCMMIX	0.37	0.0		0.95	0.95	0.0	0.94	QCMMIX
LDMAX	0.48	0.0	0.95		0.89	0.0	0.93	LDMAX
PLMPX	0.3	0.0	0.95	0.89		0.0	0.94	PLMPX
JHMXX	0.0	0.0	0.0	0.0	0.0		0.0	JHMXX
PDHCX	0.46	0.0	0.94	0.93	0.94	0.0		PDHCX
	STSEX	TIMXX	QCMMIX	LDMAX	PLMPX	JHMXX	PDHCX

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

LDMAX	+ 0.95	QCMMIX
PLMPX	+ 0.95	QCMMIX
PDHCX	+ 0.94	QCMMIX
PDHCX	+ 0.94	PLMPX
PDHCX	+ 0.93	LDMAX
PLMPX	+ 0.89	LDMAX

High negative correlations

PDHCX	- 0.0	JHMXX
JHMXX	- 0.0	PLMPX
JHMXX	- 0.0	LDMAX
JHMXX	- 0.0	QCMMIX
PDHCX	- 0.0	TIMXX
JHMXX	- 0.0	TIMXX

Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity High 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 High'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STSEX	0.54	(0.03)	(0.08)	0.04	0.72	(0.59)	0.99	(0.98)	3.93
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.03
LDMAX	0.15	0.02	(0.21)	(0.58)	0.00	(0.29)	0.44	(0.22)	1.33
PLMPX	0.19	0.08	0.00	1.06	0.00	(0.27)	0.52	(0.27)	1.16
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDHCX	0.15	0.02	(0.24)	0.26	0.00	(0.20)	0.41	(0.28)	1.24

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC