Integrity High Correlations

IHFAX Fund

USD 7.50 0.01 0.13%

The current 90-days correlation between Integrity High Income and Morgan Stanley Global is 0.19 (i.e., Average diversification). The correlation of Integrity High 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 High Correlation With Market

Good diversification

The correlation between Integrity High Income and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity High 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 High 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

0.79	VMTIX	Viking Tax Free	Pair Corr
0.78	VMTTX	Viking Tax Free	Pair Corr
0.71	VNDIX	Viking Tax Free	Pair Corr
0.77	VNDFX	Viking Tax Free	Pair Corr
0.82	APAYX	Integrity Dividend Summit	Pair Corr
0.82	IPAYX	Integrity Dividend Summit	Pair Corr
0.77	NEITX	Nebraska Municipal	Pair Corr
0.76	NEMUX	Nebraska Municipal	Pair Corr
0.66	ICWIX	Williston Basinmid	Pair Corr
0.78	OKMUX	Oklahoma Municipal	Pair Corr
0.8	OKMIX	Oklahoma Municipal	Pair Corr
0.74	IDHIX	Integrity Dividend	Pair Corr
0.74	IDHCX	Integrity Dividend	Pair Corr
0.82	IDIVX	Integrity Dividend	Pair Corr
0.8	MEIMX	Maine Municipal	Pair Corr
0.79	MEMUX	Maine Municipal	Pair Corr
0.67	IGIVX	Integrity Growth Income	Pair Corr
0.67	IGIUX	Integrity Growth Income	Pair Corr
1.0	IHFCX	Integrity High Income	Pair Corr
0.93	IHFIX	Integrity High Income	Pair Corr
0.79	KSITX	Kansas Municipal	Pair Corr
0.78	KSMUX	Kansas Municipal	Pair Corr
0.92	VWEAX	Vanguard High Yield	Pair Corr
0.93	VWEHX	Vanguard High Yield	Pair Corr
0.91	BHYCX	Blackrock Hi Yld	Pair Corr
0.93	BHYIX	Blackrock High Yield	Pair Corr
0.93	BHYSX	Blackrock Hi Yld	Pair Corr
0.93	BHYAX	Blackrock High Yield	Pair Corr
0.93	FAHHX	American Funds American	Pair Corr
0.93	FTAHX	American Funds American	Pair Corr
0.92	AHTFX	American High Income	Pair Corr
0.91	AHTCX	American High Income	Pair Corr
0.61	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.61	RYVYX	Nasdaq 100 2x	Pair Corr
0.61	UOPIX	Ultra Nasdaq 100	Pair Corr

Moving against Integrity Mutual Fund

0.35	MDSAX	Integrity Short Term	Pair Corr
0.64	RYCBX	Inverse Sp 500	Pair Corr

Related Correlations Analysis

	MGKAX	SGMAX	DBIWX	SDGIX	DODWX	HRLCX	TBCUX	DHGCX
MGKAX		0.65	0.73	-0.11	0.8	0.1	0.12	-0.03	MGKAX
SGMAX	0.65		0.85	0.26	0.88	0.61	0.72	0.27	SGMAX
DBIWX	0.73	0.85		0.34	0.72	0.55	0.62	0.34	DBIWX
SDGIX	-0.11	0.26	0.34		-0.03	0.2	0.29	0.99	SDGIX
DODWX	0.8	0.88	0.72	-0.03		0.37	0.45	0.04	DODWX
HRLCX	0.1	0.61	0.55	0.2	0.37		0.83	0.12	HRLCX
TBCUX	0.12	0.72	0.62	0.29	0.45	0.83		0.21	TBCUX
DHGCX	-0.03	0.27	0.34	0.99	0.04	0.12	0.21		DHGCX
	MGKAX	SGMAX	DBIWX	SDGIX	DODWX	HRLCX	TBCUX	DHGCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DHGCX	+ 0.99	SDGIX
DODWX	+ 0.88	SGMAX
DBIWX	+ 0.85	SGMAX
TBCUX	+ 0.83	HRLCX
DODWX	+ 0.8	MGKAX
DBIWX	+ 0.73	MGKAX

High negative correlations

SDGIX	- 0.11	MGKAX
DODWX	- 0.03	SDGIX
DHGCX	- 0.03	MGKAX

Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity High 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 High'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
MGKAX	1.20	0.00	0.09	(0.12)	1.59	(1.30)	2.01	(2.83)	12.03
SGMAX	0.68	0.03	0.15	(0.49)	1.08	(0.74)	1.28	(1.33)	6.25
DBIWX	0.37	0.01	0.25	(0.33)	0.50	(0.41)	0.68	(0.70)	4.19
SDGIX	0.21	0.00	0.40	(0.19)	0.29	(0.20)	0.45	(0.44)	1.37
DODWX	0.94	0.00	0.09	(0.22)	1.55	(0.90)	1.86	(1.90)	8.34
HRLCX	0.51	0.12	0.19	0.16	0.82	(0.60)	0.95	(1.21)	5.03
TBCUX	0.84	0.11	0.20	(1.41)	1.10	(0.97)	2.01	(1.17)	7.83
DHGCX	0.21	0.00	0.37	(0.08)	0.30	(0.21)	0.47	(0.46)	1.39

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