Integrity Dividend Correlations

IDHCX Fund

USD 19.69 0.28 1.44%

The current 90-days correlation between Integrity Dividend and Viking Tax Free Fund is -0.07 (i.e., Good diversification). The correlation of Integrity Dividend 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 Dividend Correlation With Market

Poor diversification

The correlation between Integrity Dividend Harvest and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity Dividend Harvest 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 Dividend Harvest. 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 main economic indicators.

Moving together with Integrity Mutual Fund

0.7	APAYX	Integrity Dividend Summit	Pair Corr
0.7	IPAYX	Integrity Dividend Summit	Pair Corr
0.85	IDHIX	Integrity Dividend	Pair Corr
1.0	IDIVX	Integrity Dividend	Pair Corr
0.75	IGIAX	Integrity Growth Income	Pair Corr
0.75	IGIVX	Integrity Growth Income	Pair Corr
0.76	IGIUX	Integrity Growth Income	Pair Corr
0.75	VVIAX	Vanguard Value Index	Pair Corr
0.62	DOXGX	Dodge Cox Stock	Pair Corr
0.91	AFMFX	American Mutual	Pair Corr
0.76	FFMMX	American Funds American	Pair Corr
0.91	FFFMX	American Funds American	Pair Corr
0.91	AMRMX	American Mutual	Pair Corr
0.76	AMFFX	American Mutual	Pair Corr
0.76	AMFCX	American Mutual	Pair Corr
0.7	DODGX	Dodge Stock Fund	Pair Corr
0.86	VIVAX	Vanguard Value Index	Pair Corr

Related Correlations Analysis

	VMTIX	VMTTX	VNDIX	IPAYX	NEITX	ICPUX	ICWIX	OKMUX	OKMIX	IDHIX
VMTIX		0.98	0.92	0.1	0.93	0.16	0.16	0.99	0.93	0.01	VMTIX
VMTTX	0.98		0.93	0.11	0.92	0.03	0.03	0.99	0.93	-0.04	VMTTX
VNDIX	0.92	0.93		0.04	0.99	0.03	0.02	0.92	0.99	-0.09	VNDIX
IPAYX	0.1	0.11	0.04		0.04	0.38	0.38	0.11	0.06	0.81	IPAYX
NEITX	0.93	0.92	0.99	0.04		0.12	0.11	0.92	0.99	-0.05	NEITX
ICPUX	0.16	0.03	0.03	0.38	0.12		1.0	0.13	0.09	0.61	ICPUX
ICWIX	0.16	0.03	0.02	0.38	0.11	1.0		0.13	0.08	0.61	ICWIX
OKMUX	0.99	0.99	0.92	0.11	0.92	0.13	0.13		0.93	0.0	OKMUX
OKMIX	0.93	0.93	0.99	0.06	0.99	0.09	0.08	0.93		-0.06	OKMIX
IDHIX	0.01	-0.04	-0.09	0.81	-0.05	0.61	0.61	0.0	-0.06		IDHIX
	VMTIX	VMTTX	VNDIX	IPAYX	NEITX	ICPUX	ICWIX	OKMUX	OKMIX	IDHIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ICWIX	+ 1.0	ICPUX
OKMUX	+ 0.99	VMTIX
OKMUX	+ 0.99	VMTTX
NEITX	+ 0.99	VNDIX
OKMIX	+ 0.99	VNDIX
OKMIX	+ 0.99	NEITX

High negative correlations

IDHIX	- 0.09	VNDIX
IDHIX	- 0.06	OKMIX
IDHIX	- 0.05	NEITX
IDHIX	- 0.04	VMTTX
IDHIX	- 0.0	OKMUX

Risk-Adjusted Indicators

There is a big difference between Integrity Mutual Fund performing well and Integrity Dividend 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 Dividend'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
VMTIX	0.13	0.00	(0.23)	0.15	0.21	(0.23)	0.33	(0.44)	1.21
VMTTX	0.12	(0.01)	0.00	0.21	0.00	0.00	0.22	(0.44)	1.21
VNDIX	0.16	(0.02)	0.00	(0.24)	0.00	0.00	0.34	(0.56)	1.47
IPAYX	0.43	0.00	(0.14)	0.08	0.53	(0.45)	0.88	(0.89)	2.07
NEITX	0.16	(0.01)	(0.19)	(0.08)	0.27	(0.28)	0.43	(0.32)	1.62
ICPUX	0.86	0.17	0.08	0.86	0.83	(1.03)	1.67	(1.89)	5.62
ICWIX	0.83	0.17	0.08	0.85	0.81	(0.94)	1.67	(1.81)	5.29
OKMUX	0.16	(0.01)	0.00	0.21	0.00	0.00	0.29	(0.47)	1.52
OKMIX	0.16	(0.02)	0.00	(0.18)	0.00	0.00	0.38	(0.56)	1.52
IDHIX	0.42	0.01	(0.15)	0.15	0.39	(0.51)	0.96	(0.71)	2.31

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC