Integrity Dividend Harvest Fund Market Value
| IDHCX Fund | USD 16.87 0.05 0.30% |
| Symbol | Integrity |
Integrity Dividend '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 Dividend'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 Dividend.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Integrity Dividend on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Integrity Dividend Harvest or generate 0.0% return on investment in Integrity Dividend over 30 days. Integrity Dividend is related to or competes with Viking Tax, Williston Basinmid, Oklahoma Municipal, Maine Municipal, and Kansas Municipal. The fund normally invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purpos... More
Integrity Dividend 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 Dividend'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 Dividend Harvest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7064 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.01 |
Integrity Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integrity Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integrity Dividend's standard deviation. In reality, there are many statistical measures that can use Integrity Dividend historical prices to predict the future Integrity Dividend's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0509 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Integrity Dividend'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 Dividend Backtested Returns
We consider Integrity Dividend very steady. Integrity Dividend holds Efficiency (Sharpe) Ratio of 0.0755, which attests that the entity had a 0.0755% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Integrity Dividend, which you can use to evaluate the volatility of the entity. Please check out Integrity Dividend's Risk Adjusted Performance of 0.0558, downside deviation of 0.7064, and Market Risk Adjusted Performance of 0.0609 to validate if the risk estimate we provide is consistent with the expected return of 0.0489%. The fund retains a Market Volatility (i.e., Beta) of 0.96, which attests to possible diversification benefits within a given portfolio. Integrity Dividend returns are very sensitive to returns on the market. As the market goes up or down, Integrity Dividend is expected to follow.
Auto-correlation | -0.43 |
Modest reverse predictability
Integrity Dividend Harvest has modest reverse predictability. Overlapping area represents the amount of predictability between Integrity Dividend time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Dividend price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Integrity Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Integrity Dividend lagged returns against current returns
Autocorrelation, which is Integrity Dividend 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 Dividend's mutual fund expected returns. We can calculate the autocorrelation of Integrity Dividend returns to help us make a trade decision. For example, suppose you find that Integrity Dividend 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 Dividend 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 Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integrity Dividend 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 Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Integrity Dividend Lagged Returns
When evaluating Integrity Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integrity Dividend mutual fund have on its future price. Integrity Dividend 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 Dividend autocorrelation shows the relationship between Integrity Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Integrity Dividend Harvest.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Integrity Dividend Correlation, Integrity Dividend Volatility and Integrity Dividend Alpha and Beta module to complement your research on Integrity Dividend. Note that the Integrity Dividend information on this page should be used as a complementary analysis to other Integrity Dividend's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Integrity Dividend technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.