Integrity Dividend Correlations

IPAYX Fund

11.05 0.01 0.09%

The correlation of Integrity Dividend 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 Dividend Correlation With Market

Poor diversification

The correlation between Integrity Dividend Summit and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity Dividend Summit 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 Dividend Summit. 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

0.9	APAYX	Integrity Dividend Summit	Pair Corr
0.75	IDHIX	Integrity Dividend	Pair Corr
0.74	IDHCX	Integrity Dividend	Pair Corr
0.76	IDIVX	Integrity Dividend	Pair Corr
0.67	MDSAX	Integrity Short Term	Pair Corr
0.74	IHFAX	Integrity High Income	Pair Corr
0.69	IHFCX	Integrity High Income	Pair Corr
0.75	IHFIX	Integrity High Income	Pair Corr
0.73	VVIAX	Vanguard Value Index	Pair Corr

Related Correlations Analysis

	NMMRF	CREMX	IVRSX	JYEBX	CNREX	CREFX	SEIRX	PNDIX
NMMRF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NMMRF
CREMX	0.0		-0.19	0.15	-0.11	0.05	0.45	0.99	CREMX
IVRSX	0.0	-0.19		0.66	0.04	0.76	-0.08	-0.2	IVRSX
JYEBX	0.0	0.15	0.66		-0.19	0.52	-0.15	0.11	JYEBX
CNREX	0.0	-0.11	0.04	-0.19		0.44	0.49	-0.07	CNREX
CREFX	0.0	0.05	0.76	0.52	0.44		0.21	0.06	CREFX
SEIRX	0.0	0.45	-0.08	-0.15	0.49	0.21		0.5	SEIRX
PNDIX	0.0	0.99	-0.2	0.11	-0.07	0.06	0.5		PNDIX
	NMMRF	CREMX	IVRSX	JYEBX	CNREX	CREFX	SEIRX	PNDIX

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

PNDIX	+ 0.99	CREMX
CREFX	+ 0.76	IVRSX
JYEBX	+ 0.66	IVRSX
CREFX	+ 0.52	JYEBX
PNDIX	+ 0.5	SEIRX
SEIRX	+ 0.49	CNREX

High negative correlations

PNDIX	- 0.2	IVRSX
CNREX	- 0.19	JYEBX
IVRSX	- 0.19	CREMX
SEIRX	- 0.15	JYEBX
CNREX	- 0.11	CREMX
SEIRX	- 0.08	IVRSX

Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity Dividend 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 Dividend'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
NMMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CREMX	0.03	0.01	0.00	1.57	0.00	0.00	0.08	0.00	0.60
IVRSX	0.56	(0.05)	0.00	(0.07)	0.00	0.00	1.02	(1.41)	3.66
JYEBX	0.56	(0.04)	0.00	(0.17)	0.00	0.00	1.00	(1.37)	3.48
CNREX	0.61	(0.06)	(0.11)	(0.01)	0.72	(0.70)	1.47	(1.28)	3.57
CREFX	0.54	(0.05)	0.00	(0.05)	0.00	0.00	1.10	(1.38)	3.62
SEIRX	0.70	0.11	0.05	0.72	0.67	(0.82)	1.28	(1.12)	11.74
PNDIX	0.05	0.01	0.00	1.40	0.00	0.00	0.10	0.00	0.79

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