Integrity Growth Correlations

IGIAX Fund

USD 105.59 0.65 0.62%

The current 90-days correlation between Integrity Growth Income and Viking Tax Free Fund is -0.11 (i.e., Good 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

Poor diversification

The correlation between Integrity Growth Income and DJI is 0.75 (i.e., Poor 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

0.78	APAYX	Integrity Dividend Summit	Pair Corr
0.78	IPAYX	Integrity Dividend Summit	Pair Corr
0.79	ICPAX	Williston Basinmid	Pair Corr
0.78	ICPUX	Williston Basin/mid-north	Pair Corr
0.79	ICWIX	Williston Basin/mid-north	Pair Corr
0.93	IDHIX	Integrity Dividend	Pair Corr
0.92	IDHCX	Integrity Dividend	Pair Corr
0.93	IDIVX	Integrity Dividend	Pair Corr
1.0	IGIVX	Integrity Growth Income	Pair Corr
1.0	IGIUX	Integrity Growth Income	Pair Corr
0.77	IHFAX	Integrity High Income	Pair Corr
0.73	IHFCX	Integrity High Income	Pair Corr
0.74	IHFIX	Integrity High Income	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VINIX	Vanguard Institutional	Pair Corr
0.97	VIIIX	Vanguard Institutional	Pair Corr
0.82	KSOCX	Kinetics Small Cap	Pair Corr
0.77	KINAX	Kinetics Internet	Pair Corr
0.79	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr

Moving against Integrity Mutual Fund

0.41	VNDIX	Viking Tax Free	Pair Corr
0.39	VNDFX	Viking Tax Free	Pair Corr
0.36	VMTTX	Viking Tax Free	Pair Corr
0.33	NEITX	Nebraska Municipal	Pair Corr
0.33	OKMUX	Oklahoma Municipal	Pair Corr
0.33	OKMIX	Oklahoma Municipal	Pair Corr
0.32	NEMUX	Nebraska Municipal	Pair Corr
0.41	KSMUX	Kansas Municipal	Pair Corr
0.4	KSITX	Kansas Municipal	Pair Corr

Related Correlations Analysis

	VMTIX	VNDFX	NEITX	NEMUX	ICPAX	ICWIX	OKMUX	IDHIX	MEIMX	MEMUX
VMTIX		0.98	0.88	0.97	-0.2	-0.2	0.9	-0.12	0.96	0.73	VMTIX
VNDFX	0.98		0.9	0.99	-0.27	-0.27	0.91	-0.25	0.97	0.77	VNDFX
NEITX	0.88	0.9		0.92	-0.14	-0.14	0.99	-0.19	0.92	0.88	NEITX
NEMUX	0.97	0.99	0.92		-0.16	-0.17	0.92	-0.18	0.99	0.8	NEMUX
ICPAX	-0.2	-0.27	-0.14	-0.16		1.0	-0.14	0.69	-0.1	-0.05	ICPAX
ICWIX	-0.2	-0.27	-0.14	-0.17	1.0		-0.15	0.69	-0.1	-0.06	ICWIX
OKMUX	0.9	0.91	0.99	0.92	-0.14	-0.15		-0.19	0.92	0.89	OKMUX
IDHIX	-0.12	-0.25	-0.19	-0.18	0.69	0.69	-0.19		-0.16	-0.2	IDHIX
MEIMX	0.96	0.97	0.92	0.99	-0.1	-0.1	0.92	-0.16		0.81	MEIMX
MEMUX	0.73	0.77	0.88	0.8	-0.05	-0.06	0.89	-0.2	0.81		MEMUX
	VMTIX	VNDFX	NEITX	NEMUX	ICPAX	ICWIX	OKMUX	IDHIX	MEIMX	MEMUX

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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

ICWIX	+ 1.0	ICPAX
NEMUX	+ 0.99	VNDFX
OKMUX	+ 0.99	NEITX
MEIMX	+ 0.99	NEMUX
VNDFX	+ 0.98	VMTIX
NEMUX	+ 0.97	VMTIX

High negative correlations

ICWIX	- 0.27	VNDFX
ICPAX	- 0.27	VNDFX
IDHIX	- 0.25	VNDFX
MEMUX	- 0.2	IDHIX
ICWIX	- 0.2	VMTIX
ICPAX	- 0.2	VMTIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMTIX	0.12	(0.01)	(0.29)	(0.05)	0.17	(0.23)	0.33	(0.33)	1.21
VNDFX	0.15	(0.01)	(0.21)	(0.06)	0.25	(0.30)	0.34	(0.45)	1.69
NEITX	0.17	0.01	(0.23)	(0.04)	0.26	(0.28)	0.43	(0.32)	1.62
NEMUX	0.15	(0.01)	(0.23)	0.00	0.23	(0.28)	0.43	(0.43)	1.51
ICPAX	0.85	0.08	0.04	0.24	0.84	(0.96)	1.77	(1.79)	4.62
ICWIX	0.85	0.09	0.04	0.25	0.87	(0.96)	1.67	(1.81)	4.48
OKMUX	0.15	0.01	(0.25)	0.00	0.23	(0.27)	0.29	(0.47)	1.52
IDHIX	0.46	(0.01)	(0.11)	0.11	0.45	(0.52)	1.02	(0.74)	2.44
MEIMX	0.16	0.00	(0.23)	0.10	0.22	(0.27)	0.32	(0.42)	1.48
MEMUX	0.15	0.00	(0.23)	0.10	0.22	(0.27)	0.32	(0.42)	1.38

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