Integrity Dividend Correlations

Mutual Funds . USA . 
Fund . Integrity Dividend Harvest
IDHIX Fund  USD 19.45  0.01  0.05%   
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

Very poor diversification

The correlation between Integrity Dividend Harvest and DJI is 0.83 (i.e., Very 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 gross domestic product.

Moving together with Integrity Mutual Fund

  0.95APAYX Integrity Dividend SummitPairCorr
  0.95IPAYX Integrity Dividend SummitPairCorr
  0.93ICPAX Williston Basin/mid-northPairCorr
  0.93ICPUX Williston Basin/mid-northPairCorr
  0.94ICWIX Williston Basin/mid-northPairCorr
  0.62OKMIX Oklahoma MunicipalPairCorr
  0.98IDHCX Integrity DividendPairCorr
  0.98IDIVX Integrity DividendPairCorr
  0.8MDSAX Integrity Short TermPairCorr
  0.99IGIAX Integrity Growth IncomePairCorr
  0.97IGIVX Integrity Growth IncomePairCorr
  0.97IGIUX Integrity Growth IncomePairCorr
  0.97IHFAX Integrity High IncomePairCorr
  0.97IHFCX Integrity High IncomePairCorr
  0.97IHFIX Integrity High IncomePairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.97AMRMX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.97AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMTIX  0.10  0.00 (0.59) 0.49  0.10 
(0.21)
 0.23 
(0.23)
 0.91 
VMTTX  0.10  0.00 (0.59) 0.42  0.10 
(0.22)
 0.23 
(0.23)
 0.91 
VNDIX  0.12  0.00 (0.44)(0.45) 0.15 
(0.23)
 0.35 
(0.35)
 1.31 
VNDFX  0.11  0.00 (0.40) 0.04  0.12 
(0.27)
 0.24 
(0.24)
 1.31 
APAYX  0.60  0.13 (0.02)(2.88) 0.59 
(0.65)
 1.36 
(1.05)
 3.59 
IPAYX  0.61  0.13 (0.02)(2.84) 0.58 
(0.66)
 1.32 
(1.00)
 3.61 
NEITX  0.12 (0.01)(0.42) 0.47  0.18 
(0.27)
 0.34 
(0.34)
 1.24 
NEMUX  0.11  0.00  0.00  0.00  0.00 
 0.00 
 0.34 
(0.34)
 1.24 
ICPAX  0.94  0.29  0.10 (1.03) 0.94 
(1.15)
 2.14 
(1.61)
 5.69 
ICPUX  0.95  0.29  0.10 (1.16) 0.91 
(1.15)
 2.02 
(1.79)
 5.73 

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