Integrity Dividend Correlations

IDIVX Fund

USD 20.91 0.13 0.62%

The current 90-days correlation between Integrity Dividend and Fidelity Managed Retirement is 0.67 (i.e., Poor 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

Significant diversification

The correlation between Integrity Dividend Harvest and DJI is 0.06 (i.e., Significant 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 unemployment.

Moving together with Integrity Mutual Fund

0.62	VMTTX	Viking Tax Free	Pair Corr
0.73	VNDIX	Viking Tax Free	Pair Corr
0.74	VNDFX	Viking Tax Free	Pair Corr
0.83	ICPAX	Williston Basin/mid-north	Pair Corr
0.68	ICPUX	Williston Basin/mid-north	Pair Corr
0.74	IDHIX	Integrity Dividend	Pair Corr
0.68	IDHCX	Integrity Dividend	Pair Corr
0.75	AWSHX	Washington Mutual	Pair Corr
0.76	RWMGX	Washington Mutual	Pair Corr

Moving against Integrity Mutual Fund

0.41	MGHRX	Morgan Stanley Insti Steady Growth	Pair Corr
0.38	MBIRX	Morgan Stanley Insight	Pair Corr
0.38	MSGUX	Growth Portfolio Class	Pair Corr
0.36	MGRPX	Growth Portfolio Class Steady Growth	Pair Corr
0.35	MSCMX	Morgan Stanley Multi	Pair Corr
0.33	MCRTX	Morgan Stanley Multi	Pair Corr

Related Correlations Analysis

	FHRVX	HAORX	RRTCX	VFORX	JABKX	TRRJX
FHRVX		0.74	0.89	0.93	0.99	0.89	FHRVX
HAORX	0.74		0.88	0.85	0.77	0.89	HAORX
RRTCX	0.89	0.88		0.99	0.9	1.0	RRTCX
VFORX	0.93	0.85	0.99		0.92	0.99	VFORX
JABKX	0.99	0.77	0.9	0.92		0.9	JABKX
TRRJX	0.89	0.89	1.0	0.99	0.9		TRRJX
	FHRVX	HAORX	RRTCX	VFORX	JABKX	TRRJX

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
FHRVX	0.22	0.03	(0.14)	0.38	0.17	(0.22)	0.46	(0.42)	1.31
HAORX	0.58	0.04	0.02	0.12	0.67	(0.62)	1.22	(1.20)	3.13
RRTCX	0.33	0.01	(0.04)	0.10	0.43	(0.33)	0.76	(0.71)	2.20
VFORX	0.41	0.02	0.00	0.11	0.54	(0.40)	0.87	(0.96)	2.64
JABKX	0.24	0.03	(0.12)	0.44	0.23	(0.27)	0.51	(0.51)	1.46
TRRJX	0.39	0.02	(0.02)	0.10	0.53	(0.39)	0.88	(0.87)	2.60

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