Integrity High Correlations
| IHFIX Fund | USD 7.72 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.
Integrity |
Moving together with Integrity Mutual Fund
| 0.83 | VMTIX | Viking Tax Free | PairCorr |
| 0.83 | VMTTX | Viking Tax Free | PairCorr |
| 0.85 | VNDIX | Viking Tax Free | PairCorr |
| 0.85 | VNDFX | Viking Tax Free | PairCorr |
| 0.88 | APAYX | Integrity Dividend Summit | PairCorr |
| 0.91 | IPAYX | Integrity Dividend Summit | PairCorr |
| 0.75 | NEITX | Nebraska Municipal | PairCorr |
| 0.76 | NEMUX | Nebraska Municipal | PairCorr |
| 0.84 | OKMUX | Oklahoma Municipal | PairCorr |
| 0.87 | OKMIX | Oklahoma Municipal | PairCorr |
| 0.93 | IDHIX | Integrity Dividend | PairCorr |
| 0.93 | IDHCX | Integrity Dividend | PairCorr |
| 0.89 | IDIVX | Integrity Dividend | PairCorr |
| 0.91 | MDSAX | Integrity Short Term | PairCorr |
| 0.76 | MEIMX | Maine Municipal | PairCorr |
| 0.78 | MEMUX | Maine Municipal | PairCorr |
| 0.74 | IGIAX | Integrity Growth Income | PairCorr |
| 0.77 | IGIVX | Integrity Growth Income | PairCorr |
| 0.77 | IGIUX | Integrity Growth Income | PairCorr |
| 0.97 | IHFAX | Integrity High Income | PairCorr |
| 0.96 | IHFCX | Integrity High Income | PairCorr |
| 0.79 | KSITX | Kansas Municipal | PairCorr |
| 0.73 | KSMUX | Kansas Municipal | PairCorr |
| 0.97 | AHTCX | American High Income | PairCorr |
| 0.96 | BHYCX | Blackrock Hi Yld | PairCorr |
| 0.99 | BHYIX | Blackrock High Yield | PairCorr |
| 0.98 | BHYSX | Blackrock Hi Yld | PairCorr |
| 0.97 | BHYAX | Blackrock High Yield | PairCorr |
| 0.99 | AHTFX | American High Income | PairCorr |
| 0.96 | AHITX | American High Income | PairCorr |
| 1.0 | VWEHX | Vanguard High Yield | PairCorr |
| 0.99 | VWEAX | Vanguard High Yield | PairCorr |
| 0.97 | PHYZX | Prudential High Yield | PairCorr |
| 0.87 | EKWDX | Wells Fargo Advantage | PairCorr |
Related Correlations Analysis
| 0.0 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0P000070L2 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | IVMXX | ||
| 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SMAAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TLMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P000070L2 | 0.03 | 0.00 | 0.00 | 0.63 | 0.00 | 0.00 | 0.40 | |||
| IVMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMAAX | 0.07 | 0.01 | (0.52) | 0.55 | 0.00 | 0.20 | 0.48 | |||
| TLMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |