Integrity Dividend Correlations

Mutual Funds . USA . 
Fund . Integrity Dividend Summit
IPAYX Fund   10.96  0.09  0.81%   
The current 90-days correlation between Integrity Dividend Summit and Ftufox is 0.24 (i.e., Modest 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

Very weak diversification

The correlation between Integrity Dividend Summit and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integrity Dividend Summit 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 Summit. 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 manufacturing.

Moving together with Integrity Mutual Fund

  1.0APAYX Integrity Dividend SummitPairCorr
  0.74MDSAX Integrity Short TermPairCorr
  0.8IHFAX Integrity High IncomePairCorr
  0.79IHFCX Integrity High IncomePairCorr
  0.79IHFIX Integrity High IncomePairCorr
  0.68VVIAX Vanguard Value IndexPairCorr
  0.71DOXGX Dodge Cox StockPairCorr
  0.7AFMFX American MutualPairCorr
  0.7FFMMX American Funds AmericanPairCorr
  0.7FFFMX American Funds AmericanPairCorr
  0.7AMRMX American MutualPairCorr
  0.68AMFCX American MutualPairCorr
  0.75DODGX Dodge Stock FundPairCorr
  0.68VIVAX Vanguard Value IndexPairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.82MEERX Massmutual PremierPairCorr

Related Correlations Analysis

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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   
FZNQEX
+ 0.85
FTUFOX
FZNQEX
+ 0.71
WRLDX
OPTCX
+ 0.67
WRLDX
FZNQEX
+ 0.62
OPTCX
FZDAQX
+ 0.58
FTUFOX
FZDAQX
+ 0.56
WRLDX
  
High negative correlations   
FMFTX
- 0.26
OPTCX
FMFTX
- 0.01
FZNQEX

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.

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