Integrity Short Correlations

MDSAX Fund

USD 8.98 0.01 0.11%

The current 90-days correlation between Integrity Short Term and Williston Basinmid North America is -0.02 (i.e., Good diversification). The correlation of Integrity Short 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 Short Correlation With Market

Very poor diversification

The correlation between Integrity Short Term and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity Short Term and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Integrity Short Term. 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 nation.

Moving together with Integrity Mutual Fund

0.94	VMTIX	Viking Tax Free	Pair Corr
0.93	VMTTX	Viking Tax Free	Pair Corr
0.93	VNDIX	Viking Tax Free	Pair Corr
0.93	APAYX	Integrity Dividend Summit	Pair Corr
0.92	IPAYX	Integrity Dividend Summit	Pair Corr
0.93	NEITX	Nebraska Municipal	Pair Corr
0.92	NEMUX	Nebraska Municipal	Pair Corr
0.86	ICPAX	Williston Basin/mid-north	Pair Corr
0.87	ICPUX	Williston Basin/mid-north	Pair Corr
0.87	ICWIX	Williston Basin/mid-north	Pair Corr
0.94	OKMUX	Oklahoma Municipal	Pair Corr
0.93	OKMIX	Oklahoma Municipal	Pair Corr
0.94	IDHIX	Integrity Dividend	Pair Corr
0.94	IDHCX	Integrity Dividend	Pair Corr
0.9	IDIVX	Integrity Dividend	Pair Corr
0.92	MEIMX	Maine Municipal	Pair Corr
0.91	MEMUX	Maine Municipal	Pair Corr
0.85	IGIAX	Integrity Growth Income	Pair Corr
0.86	IGIVX	Integrity Growth Income	Pair Corr
0.86	IGIUX	Integrity Growth Income	Pair Corr
0.9	IHFAX	Integrity High Income	Pair Corr
0.89	IHFCX	Integrity High Income	Pair Corr
0.9	IHFIX	Integrity High Income	Pair Corr
0.93	KSMUX	Kansas Municipal	Pair Corr
0.89	VFIRX	Vanguard Short Term	Pair Corr
0.89	VFISX	Vanguard Short Term	Pair Corr
0.93	VSBIX	Vanguard Short Term	Pair Corr
0.91	VSGBX	Vanguard Short Term	Pair Corr
0.91	VSGDX	Vanguard Short Term	Pair Corr
0.86	FUMBX	Fidelity Short Term	Pair Corr
0.93	ECLDX	Eaton Vance Short	Pair Corr
0.94	EALDX	Eaton Vance Short	Pair Corr
0.93	EILDX	Eaton Vance Short	Pair Corr
0.94	EASDX	Eaton Vance Short	Pair Corr
0.7	PFN	Pimco Income Strategy	Pair Corr

Related Correlations Analysis

	VMTIX	VMTTX	VNDIX	VNDFX	APAYX	IPAYX	NEITX	NEMUX	ICPAX	ICPUX
VMTIX		0.98	0.98	0.63	0.95	0.95	0.99	0.97	0.88	0.89	VMTIX
VMTTX	0.98		1.0	0.63	0.93	0.93	0.97	0.99	0.87	0.88	VMTTX
VNDIX	0.98	1.0		0.6	0.95	0.95	0.96	0.99	0.89	0.9	VNDIX
VNDFX	0.63	0.63	0.6		0.58	0.58	0.65	0.61	0.58	0.6	VNDFX
APAYX	0.95	0.93	0.95	0.58		0.99	0.91	0.92	0.96	0.96	APAYX
IPAYX	0.95	0.93	0.95	0.58	0.99		0.92	0.92	0.95	0.96	IPAYX
NEITX	0.99	0.97	0.96	0.65	0.91	0.92		0.96	0.84	0.84	NEITX
NEMUX	0.97	0.99	0.99	0.61	0.92	0.92	0.96		0.86	0.87	NEMUX
ICPAX	0.88	0.87	0.89	0.58	0.96	0.95	0.84	0.86		0.99	ICPAX
ICPUX	0.89	0.88	0.9	0.6	0.96	0.96	0.84	0.87	0.99		ICPUX
	VMTIX	VMTTX	VNDIX	VNDFX	APAYX	IPAYX	NEITX	NEMUX	ICPAX	ICPUX

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Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity Short 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 Short'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
VMTIX	0.06	0.02	0.00	3.03	0.00	0.00	0.22	0.00	0.55
VMTTX	0.06	0.02	0.00	(4.04)	0.00	0.00	0.22	0.00	0.66
VNDIX	0.07	0.02	0.00	3.77	0.00	0.00	0.23	0.00	0.68
VNDFX	0.07	0.02	0.00	0.91	0.00	0.00	0.23	(0.11)	0.68
APAYX	0.55	0.24	0.26	(4.44)	0.00	(0.68)	1.39	(0.80)	2.60
IPAYX	0.57	0.20	0.24	0.59	0.00	(0.70)	1.44	(0.86)	2.55
NEITX	0.06	0.01	0.00	1.72	0.00	0.00	0.22	0.00	0.65
NEMUX	0.06	0.01	(0.44)	(4.99)	0.00	(0.16)	0.22	(0.11)	0.65
ICPAX	0.84	0.29	0.17	(3.91)	0.71	(0.97)	2.17	(1.43)	4.11
ICPUX	0.85	0.23	0.16	0.49	0.74	(0.99)	2.34	(1.69)	4.14

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Integrity Short Correlations

Integrity Short Correlation With Market

Very poor diversification

Moving together with Integrity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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