Integrity Dividend Correlations

IDIVX Fund

USD 19.42 0.01 0.05%

The current 90-days correlation between Integrity Dividend and Vanguard Financials Index is -0.2 (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

Good diversification

The correlation between Integrity Dividend Harvest and DJI is -0.1 (i.e., Good 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 real.

Moving together with Integrity Mutual Fund

0.98	APAYX	Integrity Dividend Summit	Pair Corr
0.95	IPAYX	Integrity Dividend Summit	Pair Corr
0.95	ICPAX	Williston Basin/mid-north	Pair Corr
0.92	ICPUX	Williston Basin/mid-north	Pair Corr
0.92	ICWIX	Williston Basin/mid-north	Pair Corr
0.62	OKMIX	Oklahoma Municipal	Pair Corr
0.98	IDHIX	Integrity Dividend	Pair Corr
1.0	IDHCX	Integrity Dividend	Pair Corr
0.8	MDSAX	Integrity Short Term	Pair Corr
0.98	IGIAX	Integrity Growth Income	Pair Corr
0.99	IGIUX	Integrity Growth Income	Pair Corr
0.96	IHFAX	Integrity High Income	Pair Corr
0.95	IHFCX	Integrity High Income	Pair Corr
0.98	IHFIX	Integrity High Income	Pair Corr
0.96	VVIAX	Vanguard Value Index	Pair Corr
0.96	DOXGX	Dodge Cox Stock	Pair Corr
0.98	AFMFX	American Mutual	Pair Corr
0.98	FFMMX	American Funds American	Pair Corr
0.98	FFFMX	American Funds American	Pair Corr
0.99	AMRMX	American Mutual	Pair Corr
0.99	AMFFX	American Mutual	Pair Corr
0.99	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.96	VIVAX	Vanguard Value Index	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	VFAIX	GCFSX	FIKBX	RMBLX	MSVIX	IAAEX	XFINX
VFAIX		0.96	0.97	0.89	0.96	0.95	-0.44	VFAIX
GCFSX	0.96		0.99	0.9	0.99	0.98	-0.52	GCFSX
FIKBX	0.97	0.99		0.92	0.99	0.98	-0.45	FIKBX
RMBLX	0.89	0.9	0.92		0.9	0.9	-0.16	RMBLX
MSVIX	0.96	0.99	0.99	0.9		0.99	-0.49	MSVIX
IAAEX	0.95	0.98	0.98	0.9	0.99		-0.47	IAAEX
XFINX	-0.44	-0.52	-0.45	-0.16	-0.49	-0.47		XFINX
	VFAIX	GCFSX	FIKBX	RMBLX	MSVIX	IAAEX	XFINX

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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

FIKBX	+ 0.99	GCFSX
MSVIX	+ 0.99	GCFSX
MSVIX	+ 0.99	FIKBX
IAAEX	+ 0.99	MSVIX
IAAEX	+ 0.98	GCFSX
IAAEX	+ 0.98	FIKBX

High negative correlations

XFINX	- 0.52	GCFSX
XFINX	- 0.49	MSVIX
XFINX	- 0.47	IAAEX
XFINX	- 0.45	FIKBX
XFINX	- 0.44	VFAIX
XFINX	- 0.16	RMBLX

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
VFAIX	0.76	0.06	0.05	0.19	0.74	(0.81)	1.92	(1.77)	5.62
GCFSX	0.65	0.29	0.17	(1.93)	0.35	(0.78)	1.94	(1.19)	3.94
FIKBX	0.80	0.28	0.11	(1.87)	0.71	(0.87)	2.01	(1.79)	5.93
RMBLX	1.12	0.30	0.10	(1.67)	1.01	(1.23)	2.53	(2.45)	5.97
MSVIX	0.80	0.24	0.08	(1.36)	0.77	(0.93)	2.01	(1.73)	5.72
IAAEX	0.69	0.15	(0.01)	(1.11)	0.66	(0.83)	1.97	(1.27)	4.55
XFINX	0.41	(0.05)	0.00	(0.41)	0.00	0.00	0.77	(1.41)	4.64

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