Integrity Growth Income Fund Market Value
| IGIVX Fund | USD 105.35 0.09 0.09% |
| Symbol | Integrity |
Integrity Growth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Integrity Growth's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Integrity Growth.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Integrity Growth on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Integrity Growth Income or generate 0.0% return on investment in Integrity Growth over 180 days. Integrity Growth is related to or competes with Artisan Small, Ab Small, Chase Growth, Champlain Mid, Ancora/thelen Small-mid, Eip Growth, and Small Pany. Under normal market conditions, the fund is managed using a blended growth and income investment strategy More
Integrity Growth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Integrity Growth's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Integrity Growth Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.838 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.31 |
Integrity Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integrity Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integrity Growth's standard deviation. In reality, there are many statistical measures that can use Integrity Growth historical prices to predict the future Integrity Growth's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0893 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Integrity Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Integrity Growth Income Backtested Returns
At this stage we consider Integrity Mutual Fund to be very steady. Integrity Growth Income holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Integrity Growth Income, which you can use to evaluate the volatility of the entity. Please check out Integrity Growth's Risk Adjusted Performance of 0.0769, market risk adjusted performance of 0.0993, and Downside Deviation of 0.838 to validate if the risk estimate we provide is consistent with the expected return of 0.0907%. The fund retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Integrity Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Integrity Growth is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Integrity Growth Income has average predictability. Overlapping area represents the amount of predictability between Integrity Growth time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Integrity Growth Income price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Integrity Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 5.14 |
Integrity Growth Income lagged returns against current returns
Autocorrelation, which is Integrity Growth mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Integrity Growth's mutual fund expected returns. We can calculate the autocorrelation of Integrity Growth returns to help us make a trade decision. For example, suppose you find that Integrity Growth has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Integrity Growth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Integrity Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integrity Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Integrity Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Integrity Growth Lagged Returns
When evaluating Integrity Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integrity Growth mutual fund have on its future price. Integrity Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Integrity Growth autocorrelation shows the relationship between Integrity Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Integrity Growth Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Integrity Mutual Fund
Integrity Growth financial ratios help investors to determine whether Integrity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Integrity with respect to the benefits of owning Integrity Growth security.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Global Correlations Find global opportunities by holding instruments from different markets |