Polen Us Correlations

PBSIX Fund  USD 16.33  0.15  0.93%   
The current 90-days correlation between Polen Small Pany and Prnpl Inv Fd is 0.2 (i.e., Modest diversification). The correlation of Polen Us 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.

Polen Us Correlation With Market

Very poor diversification

The correlation between Polen Small Pany and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen Small Pany and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polen Small Pany. 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 Polen Mutual Fund

  0.92PGIIX Polen Global GrowthPairCorr
  0.92PGIRX Polen Global GrowthPairCorr
  0.94POLIX Polen GrowthPairCorr
  0.94POLRX Polen GrowthPairCorr
  0.77DDJRX Ddj Opportunistic HighPairCorr
  0.77DDJIX Ddj Opportunistic HighPairCorr
  0.73PBBIX Fundvantage TrustPairCorr
  0.76PBKIX Polen Bank LoanPairCorr
  0.99PBMIX Polen SmidPairCorr
  1.0PBSRX Polen SmallPairCorr
  1.0PBSYX Polen SmallPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.97JGMIX Janus TritonPairCorr
  0.97JGMRX Janus TritonPairCorr
  0.97JGMAX Janus TritonPairCorr
  0.97JGMCX Janus TritonPairCorr
  0.97JGMNX Janus TritonPairCorr
  0.93MAAOX Morgan Stanley InstiPairCorr
  0.98JSEQX Jpmorgan Small CapPairCorr
  0.94UIGRX Growth Fund GrowthPairCorr
  0.72RPIDX T Rowe PricePairCorr
  0.77MAGEX Mfs Growth AllocationPairCorr
  0.93EGFFX Edgewood GrowthPairCorr
  0.64GQLOX Gmo Quality FundPairCorr
  0.84JUCTX Janus Global UnconstPairCorr
  0.97RCKSX Rock Oak EPairCorr
  0.8IENIX Invesco EnergyPairCorr

Moving against Polen Mutual Fund

  0.48POIRX Polen InternationalPairCorr
  0.47POIIX Polen InternationalPairCorr
  0.6NHS Neuberger Berman HighPairCorr
  0.46PFHCX Pacific Funds SmallPairCorr

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   
PGIRXPGIIX
POIRXPOIIX
POLRXPOLIX
DDJIXDDJRX
POLIXPGIIX
POLRXPGIIX
  
High negative correlations   
POLRXPOIRX
POLIXPOIRX
POLRXPOIIX
POLIXPOIIX
PBBIXPOIRX
PBBIXPOIIX

Risk-Adjusted Indicators

There is a big difference between Polen Mutual Fund performing well and Polen Us 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 Polen Us' 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
PGEIX  0.86  0.12  0.02  0.57  0.75 
 2.17 
 6.41 
PGIIX  0.59  0.07 (0.07) 2.33  0.70 
 1.25 
 4.07 
PGIRX  0.59  0.07 (0.08) 2.27  0.70 
 1.28 
 4.06 
POIIX  0.68 (0.08) 0.00 (0.24) 0.00 
 1.48 
 3.63 
POIRX  0.68 (0.09) 0.00 (0.25) 0.00 
 1.50 
 3.62 
POLIX  0.62  0.14 (0.01)(1.58) 0.68 
 1.29 
 4.47 
POLRX  0.62  0.14 (0.01)(1.58) 0.67 
 1.29 
 4.47 
DDJRX  0.09  0.00 (0.55) 0.12  0.00 
 0.14 
 0.83 
DDJIX  0.08  0.00 (0.51) 0.15  0.00 
 0.14 
 0.69 
PBBIX  0.11  0.01 (0.81)(0.71) 0.00 
 0.20 
 0.88