Integrity High Correlations

IHFCX Fund

USD 7.72 0.01 0.13%

The current 90-days correlation between Integrity High Income and Dreyfus Short Intermediate is 0.01 (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

Very poor diversification

The correlation between Integrity High Income and DJI is 0.81 (i.e., Very poor 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 unemployment.

Moving together with Integrity Mutual Fund

0.92	AHTFX	American High Income	Pair Corr
0.99	AHTCX	American High Income	Pair Corr
0.99	AHITX	American High Income	Pair Corr
0.99	BHYCX	Blackrock Hi Yld	Pair Corr
0.8	BHYIX	Blackrock High Yield	Pair Corr
0.93	BHYSX	Blackrock Hi Yld	Pair Corr
0.99	BHYAX	Blackrock High Yield	Pair Corr
0.92	VWEHX	Vanguard High Yield	Pair Corr
0.92	VWEAX	Vanguard High Yield	Pair Corr
0.92	PHYZX	Prudential High Yield	Pair Corr
0.85	LIIAX	Columbia Porate Income	Pair Corr
0.81	SRINX	Columbia Porate Income	Pair Corr
0.89	WRHIX	Ivy High Income	Pair Corr
0.96	WHIAX	Ivy High Income	Pair Corr
0.9	IHIFX	Ivy High Income	Pair Corr
0.9	IVHIX	Ivy High Income	Pair Corr
0.8	QRSAX	Fpa Queens Road	Pair Corr
0.7	INTC	Intel	Pair Corr
0.85	BA	Boeing	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.65	WMT	Walmart Common Stock	Pair Corr

Moving against Integrity Mutual Fund

0.57	T	ATT Inc Earnings Call This Week	Pair Corr
0.37	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	BDMKX	ASTIX	TSDUX	SNORX	TEPFX	DMBAX
BDMKX		0.95	0.88	0.8	0.93	0.92	BDMKX
ASTIX	0.95		0.88	0.78	0.95	0.95	ASTIX
TSDUX	0.88	0.88		0.94	0.93	0.92	TSDUX
SNORX	0.8	0.78	0.94		0.79	0.79	SNORX
TEPFX	0.93	0.95	0.93	0.79		0.98	TEPFX
DMBAX	0.92	0.95	0.92	0.79	0.98		DMBAX
	BDMKX	ASTIX	TSDUX	SNORX	TEPFX	DMBAX

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
BDMKX	0.05	0.00	(0.42)	0.05	0.00	(0.11)	0.11	(0.11)	0.22
ASTIX	0.34	0.09	0.08	11.34	0.14	(0.40)	0.65	(0.64)	4.65
TSDUX	0.03	0.01	0.00	2.12	0.00	0.00	0.10	0.00	0.10
SNORX	0.71	0.20	0.26	0.34	0.30	(0.85)	1.78	(1.05)	6.59
TEPFX	0.04	0.01	0.00	0.96	0.00	0.00	0.10	(0.10)	0.21
DMBAX	0.04	0.01	0.00	(0.79)	0.00	0.00	0.15	(0.08)	0.39

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