Integrity High Correlations

Mutual Funds . USA . 
Fund . Integrity High Income
IHFAX Fund  USD 7.73  0.01  0.13%   
The current 90-days correlation between Integrity High Income and Hunter Small Cap is 0.03 (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

Significant diversification

The correlation between Integrity High Income and DJI is 0.05 (i.e., Significant 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

  0.75VMTIX Viking Tax FreePairCorr
  0.75VMTTX Viking Tax FreePairCorr
  0.74VNDIX Viking Tax FreePairCorr
  0.73VNDFX Viking Tax FreePairCorr
  0.72APAYX Integrity Dividend SummitPairCorr
  0.7IPAYX Integrity Dividend SummitPairCorr
  0.75NEITX Nebraska MunicipalPairCorr
  0.66NEMUX Nebraska MunicipalPairCorr
  0.78OKMUX Oklahoma MunicipalPairCorr
  0.77OKMIX Oklahoma MunicipalPairCorr
  0.84MDSAX Integrity Short TermPairCorr
  0.72MEIMX Maine MunicipalPairCorr
  0.64MEMUX Maine MunicipalPairCorr
  0.99IHFCX Integrity High IncomePairCorr
  0.99IHFIX Integrity High IncomePairCorr
  0.74KSITX Kansas MunicipalPairCorr
  0.7KSMUX Kansas MunicipalPairCorr
  0.92BHYCX Blackrock Hi YldPairCorr
  0.97BHYIX Blackrock High YieldPairCorr
  0.88BHYSX Blackrock Hi YldPairCorr
  0.94BHYAX Blackrock High YieldPairCorr
  0.93AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.97AHITX American High IncomePairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.98VWEAX Vanguard High YieldPairCorr
  0.96PHYZX Prudential High YieldPairCorr

Moving against Integrity Mutual Fund

  0.85UIPIX Ultrashort Mid CapPairCorr
  0.82CESGX Coho Relative ValuePairCorr
  0.67TCTGX Transamerica CleartrackPairCorr
  0.66TCTJX Transamerica CleartrackPairCorr
  0.66TCSUX Cleartrack 2020 ClassPairCorr
  0.65TDKTX Cleartrack 2015 ClassPairCorr
  0.56USPSX Profunds UltrashortPairCorr
  0.55USPIX Profunds UltrashortPairCorr

Related Correlations Analysis


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.

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