Integrity High Correlations

Mutual Funds . USA . 
Fund . Integrity High Income
IHFCX Fund  USD 7.71  0.01  0.13%   
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 0.92 (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 private.

Moving together with Integrity Mutual Fund

  0.88VMTIX Viking Tax FreePairCorr
  0.87VMTTX Viking Tax FreePairCorr
  0.89VNDIX Viking Tax FreePairCorr
  0.89VNDFX Viking Tax FreePairCorr
  0.88APAYX Integrity Dividend SummitPairCorr
  0.88IPAYX Integrity Dividend SummitPairCorr
  0.83NEITX Nebraska MunicipalPairCorr
  0.83NEMUX Nebraska MunicipalPairCorr
  0.89OKMUX Oklahoma MunicipalPairCorr
  0.89OKMIX Oklahoma MunicipalPairCorr
  0.91IDHIX Integrity DividendPairCorr
  0.91IDHCX Integrity DividendPairCorr
  0.85IDIVX Integrity DividendPairCorr
  0.88MDSAX Integrity Short TermPairCorr
  0.83MEIMX Maine MunicipalPairCorr
  0.86MEMUX Maine MunicipalPairCorr
  0.83IGIAX Integrity Growth IncomePairCorr
  0.85IGIVX Integrity Growth IncomePairCorr
  0.85IGIUX Integrity Growth IncomePairCorr
  0.99IHFAX Integrity High IncomePairCorr
  0.96IHFIX Integrity High IncomePairCorr
  0.88KSITX Kansas MunicipalPairCorr
  0.82KSMUX Kansas MunicipalPairCorr
  0.95AHTFX American High IncomePairCorr
  0.99AHTCX American High IncomePairCorr
  0.98AHITX American High IncomePairCorr
  0.99BHYCX Blackrock Hi YldPairCorr
  0.97BHYIX Blackrock High YieldPairCorr
  0.96BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
  0.96VWEHX Vanguard High YieldPairCorr
  0.95VWEAX Vanguard High YieldPairCorr
  0.98PHYZX Prudential High YieldPairCorr
  0.78PFN Pimco Income StrategyPairCorr
  0.65CIF Mfs Intermediate HighPairCorr

Moving against Integrity Mutual Fund

  0.71XNBHX Neuberger Berman IntPairCorr
  0.54XNXJX Nuveen New JerseyPairCorr
  0.52XDSMX Dreyfus StrategicPairCorr
  0.46NXJ Nuveen New JerseyPairCorr

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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