Integrity High Correlations

IHFCX Fund

USD 7.59 0.02 0.26%

The current 90-days correlation between Integrity High Income and Cref Money Market is 0.31 (i.e., Weak 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

Modest diversification

The correlation between Integrity High Income and DJI is 0.27 (i.e., Modest 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 main economic indicators.

Moving together with Integrity Mutual Fund

0.76	ICPAX	Williston Basinmid	Pair Corr
0.76	ICPUX	Williston Basinmid	Pair Corr
0.76	ICWIX	Williston Basinmid	Pair Corr
0.62	IGIAX	Integrity Growth Income	Pair Corr
0.63	IGIVX	Integrity Growth Income	Pair Corr
0.61	IGIUX	Integrity Growth Income	Pair Corr
0.97	IHFAX	Integrity High Income	Pair Corr
0.97	IHFIX	Integrity High Income	Pair Corr
0.85	VWEAX	Vanguard High Yield	Pair Corr
0.83	VWEHX	Vanguard High Yield	Pair Corr
0.96	BHYCX	Blackrock Hi Yld	Pair Corr
0.98	BHYIX	Blackrock High Yield	Pair Corr
0.99	BHYSX	Blackrock Hi Yld	Pair Corr
0.98	BHYAX	Blackrock High Yield	Pair Corr
0.96	FAHHX	American Funds American	Pair Corr
0.96	FTAHX	American Funds American	Pair Corr
0.97	AHTFX	American High Income	Pair Corr
0.97	AHTCX	American High Income	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	QCMMIX	FMVUX	ELMXX	AEAXX	STSEX	AEYXX	POIXX	CHNTX
QCMMIX		0.87	0.0	0.0	0.49	0.0	0.67	0.87	QCMMIX
FMVUX	0.87		0.0	0.0	0.69	0.0	0.5	0.96	FMVUX
ELMXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ELMXX
AEAXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AEAXX
STSEX	0.49	0.69	0.0	0.0		0.0	0.02	0.73	STSEX
AEYXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AEYXX
POIXX	0.67	0.5	0.0	0.0	0.02	0.0		0.55	POIXX
CHNTX	0.87	0.96	0.0	0.0	0.73	0.0	0.55		CHNTX
	QCMMIX	FMVUX	ELMXX	AEAXX	STSEX	AEYXX	POIXX	CHNTX

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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

CHNTX	+ 0.96	FMVUX
FMVUX	+ 0.87	QCMMIX
CHNTX	+ 0.87	QCMMIX
CHNTX	+ 0.73	STSEX
STSEX	+ 0.69	FMVUX
POIXX	+ 0.67	QCMMIX

High negative correlations

CHNTX	- 0.0	AEYXX
POIXX	- 0.0	AEYXX
AEYXX	- 0.0	STSEX
CHNTX	- 0.0	AEAXX
POIXX	- 0.0	AEAXX
AEYXX	- 0.0	AEAXX

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
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.07
FMVUX	0.67	0.01	0.05	0.10	0.44	(0.81)	1.49	(0.98)	6.14
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.46	(0.05)	(0.11)	0.03	0.62	(0.49)	0.89	(0.76)	3.90
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
POIXX	0.03	0.01	0.00	(2.95)	0.00	0.00	0.00	0.00	1.01
CHNTX	0.45	0.02	0.00	0.12	0.31	(0.54)	0.91	(0.64)	3.50

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