Integrity High Income Fund Market Value
| IHFCX Fund | USD 7.59 0.01 0.13% |
| Symbol | Integrity |
Integrity High '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 High'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 High.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Integrity High on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Integrity High Income or generate 0.0% return on investment in Integrity High over 30 days. Integrity High is related to or competes with Goldman Sachs, Oil Gas, Hennessy, Fidelity Advisor, Firsthand Alternative, and Energy Services. The fund invests in a group of low-quality, high-risk, high yield corporate debt obligations More
Integrity High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1666 | |||
| Information Ratio | (0.63) | |||
| Maximum Drawdown | 0.6678 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.2677 |
Integrity High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integrity High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integrity High's standard deviation. In reality, there are many statistical measures that can use Integrity High historical prices to predict the future Integrity High's volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.6559 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Integrity High'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 High Income Backtested Returns
At this stage we consider Integrity Mutual Fund to be very steady. Integrity High Income holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Integrity High Income, which you can use to evaluate the volatility of the entity. Please check out Integrity High's Coefficient Of Variation of 504.74, risk adjusted performance of 0.1131, and Market Risk Adjusted Performance of 0.6659 to validate if the risk estimate we provide is consistent with the expected return of 0.0313%. The fund retains a Market Volatility (i.e., Beta) of 0.0325, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Integrity High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Integrity High is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Integrity High Income has modest predictability. Overlapping area represents the amount of predictability between Integrity High time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 High Income price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Integrity High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Integrity High Income lagged returns against current returns
Autocorrelation, which is Integrity High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Integrity High returns to help us make a trade decision. For example, suppose you find that Integrity High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integrity High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Integrity High Lagged Returns
When evaluating Integrity High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integrity High mutual fund have on its future price. Integrity High 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 High autocorrelation shows the relationship between Integrity High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Integrity High 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 High 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 High security.
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