Integrity High Correlations

Mutual Funds . USA . 
Fund . Integrity High Income
IHFCX Fund  USD 7.70  0.01  0.13%   
The current 90-days correlation between Integrity High Income and Dunham High Yield is -0.11 (i.e., Good 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 0.91 (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 services.

Moving together with Integrity Mutual Fund

  0.85VMTIX Viking Tax FreePairCorr
  0.87VMTTX Viking Tax FreePairCorr
  0.86VNDIX Viking Tax FreePairCorr
  0.86VNDFX Viking Tax FreePairCorr
  0.79APAYX Integrity Dividend SummitPairCorr
  0.79IPAYX Integrity Dividend SummitPairCorr
  0.84NEITX Nebraska MunicipalPairCorr
  0.84NEMUX Nebraska MunicipalPairCorr
  0.69ICPAX Williston Basin/mid-northPairCorr
  0.69ICPUX Williston Basin/mid-northPairCorr
  0.68ICWIX Williston Basin/mid-northPairCorr
  0.86OKMUX Oklahoma MunicipalPairCorr
  0.87OKMIX Oklahoma MunicipalPairCorr
  0.88IDHIX Integrity DividendPairCorr
  0.77IDIVX Integrity DividendPairCorr
  0.86MDSAX Integrity Short TermPairCorr
  0.84MEIMX Maine MunicipalPairCorr
  0.83MEMUX Maine MunicipalPairCorr
  0.9IGIAX Integrity Growth IncomePairCorr
  0.92IGIVX Integrity Growth IncomePairCorr
  0.99IHFAX Integrity High IncomePairCorr
  0.97IHFIX Integrity High IncomePairCorr
  0.83KSITX Kansas MunicipalPairCorr
  0.83KSMUX Kansas MunicipalPairCorr
  0.92AHTFX American High IncomePairCorr
  0.94AHTCX American High IncomePairCorr
  0.94AHITX American High IncomePairCorr
  0.96BHYCX Blackrock Hi YldPairCorr
  0.95BHYIX Blackrock High YieldPairCorr
  0.94BHYSX Blackrock Hi YldPairCorr
  0.97BHYAX Blackrock High YieldPairCorr
  0.94VWEHX Vanguard High YieldPairCorr
  0.95VWEAX Vanguard High YieldPairCorr
  0.94PHYZX Prudential High YieldPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr

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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