Integrity Growth Correlations

Mutual Funds . USA . 
Fund . Integrity Growth Income
IGIAX Fund  USD 118.10  0.17  0.14%   
The current 90-days correlation between Integrity Growth Income and Williston Basinmid North America is 0.49 (i.e., Very weak diversification). The correlation of Integrity Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Integrity Growth 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 Growth Income 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 Growth Income. 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

  0.81VMTIX Viking Tax FreePairCorr
  0.84VMTTX Viking Tax FreePairCorr
  0.83VNDIX Viking Tax FreePairCorr
  0.84VNDFX Viking Tax FreePairCorr
  0.76APAYX Integrity Dividend SummitPairCorr
  0.76IPAYX Integrity Dividend SummitPairCorr
  0.81NEITX Nebraska MunicipalPairCorr
  0.82NEMUX Nebraska MunicipalPairCorr
  0.7ICPUX Williston Basin/mid-north Steady GrowthPairCorr
  0.7ICWIX Williston Basin/mid-north Steady GrowthPairCorr
  0.84OKMUX Oklahoma MunicipalPairCorr
  0.84OKMIX Oklahoma MunicipalPairCorr
  0.87IDHIX Integrity DividendPairCorr
  0.76IDIVX Integrity DividendPairCorr
  0.85MDSAX Integrity Short TermPairCorr
  0.8MEIMX Maine MunicipalPairCorr
  0.81MEMUX Maine MunicipalPairCorr
  0.97IGIVX Integrity Growth IncomePairCorr
  0.65IGIUX Integrity Growth IncomePairCorr
  0.9IHFAX Integrity High IncomePairCorr
  0.9IHFCX Integrity High IncomePairCorr
  0.91IHFIX Integrity High IncomePairCorr
  0.8KSITX Kansas MunicipalPairCorr
  0.81KSMUX Kansas MunicipalPairCorr
  0.88VTSAX Vanguard Total StockPairCorr
  0.85VFIAX Vanguard 500 IndexPairCorr
  0.87VTSMX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.88VSMPX Vanguard Total StockPairCorr
  0.88VSTSX Vanguard Total StockPairCorr
  0.85VFINX Vanguard 500 IndexPairCorr
  0.86VFFSX Vanguard 500 IndexPairCorr
  0.73HYMCX Lord Abbett HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity Growth 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 Growth'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMTIX  0.06  0.02  0.00  3.19  0.00 
 0.00 
 0.22 
 0.00 
 0.55 
VMTTX  0.06  0.02  0.00  3.76  0.00 
 0.00 
 0.22 
 0.00 
 0.66 
VNDIX  0.07  0.02  0.00  1.35  0.00 
 0.00 
 0.23 
 0.00 
 0.68 
VNDFX  0.07  0.02  0.00  0.88  0.00 
 0.00 
 0.23 
(0.11)
 0.68 
APAYX  0.56  0.19  0.26  0.52  0.11 
(0.68)
 1.39 
(0.85)
 2.60 
IPAYX  0.58  0.19  0.24  0.52  0.17 
(0.69)
 1.44 
(0.86)
 2.55 
NEITX  0.05  0.01  0.00  1.76  0.00 
 0.00 
 0.22 
 0.00 
 0.65 
NEMUX  0.06  0.01 (0.32) 0.69  0.00 
(0.16)
 0.22 
(0.11)
 0.65 
ICPAX  0.84  0.34  0.23 (0.99) 0.56 
(1.02)
 2.17 
(1.35)
 4.11 
ICPUX  0.87  0.21  0.14  0.42  0.88 
(0.99)
 2.34 
(1.99)
 4.14 

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