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 -0.15 (i.e., Good 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

Average diversification

The correlation between Polen Small Pany and DJI is 0.18 (i.e., Average 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

  0.95PGIIX Polen Global GrowthPairCorr
  0.94PGIRX Polen Global GrowthPairCorr
  0.95POLIX Polen GrowthPairCorr
  0.94POLRX Polen GrowthPairCorr
  0.76DDJRX Ddj Opportunistic HighPairCorr
  0.76DDJIX Ddj Opportunistic HighPairCorr
  0.7PBBIX Fundvantage TrustPairCorr
  0.79PBKIX Polen Bank LoanPairCorr
  0.99PBMIX Polen SmidPairCorr
  0.97PBSRX Polen SmallPairCorr
  0.97PBSYX Polen SmallPairCorr
  0.95VSGAX Vanguard Small CapPairCorr
  0.95VSGIX Vanguard Small CapPairCorr
  0.95VISGX Vanguard Small CapPairCorr
  0.93VEXPX Vanguard ExplorerPairCorr
  0.93VEXRX Vanguard ExplorerPairCorr
  0.93JGMIX Janus TritonPairCorr
  0.93JGMRX Janus TritonPairCorr
  0.93JGMAX Janus TritonPairCorr
  0.93JGMCX Janus TritonPairCorr
  0.93JGMNX Janus TritonPairCorr
  0.96MAAOX Morgan Stanley InstiPairCorr
  0.94JSEQX Jpmorgan Small CapPairCorr
  0.9UIGRX Growth Fund GrowthPairCorr
  0.7RPIDX T Rowe PricePairCorr
  0.71MAGEX Mfs Growth AllocationPairCorr
  0.9EGFFX Edgewood GrowthPairCorr
  0.78JUCTX Janus Global UnconstPairCorr
  0.94RCKSX Rock Oak EPairCorr
  0.78IENIX Invesco EnergyPairCorr

Moving against Polen Mutual Fund

  0.45POIRX Polen InternationalPairCorr
  0.44POIIX Polen InternationalPairCorr
  0.59NHS Neuberger Berman HighPairCorr
  0.43PFHCX 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   
POIRXPOIIX
DDJIXDDJRX
POLIXPGIIX
POLRXPGIRX
POLRXPOLIX
PGIRXPGIIX
  
High negative correlations   
POLIXPOIRX
POLIXPOIIX
POLRXPOIRX
POLRXPOIIX
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  0.88  0.09  0.03  0.37  0.83 
 2.17 
 6.41 
PGIIX  0.60  0.09 (0.02) 54.02  0.71 
 1.25 
 4.07 
PGIRX  0.59  0.00 (0.04) 0.10  0.70 
 1.28 
 4.06 
POIIX  0.68 (0.12) 0.00 (0.08) 0.00 
 1.48 
 3.63 
POIRX  0.68 (0.12) 0.00 (0.08) 0.00 
 1.50 
 3.62 
POLIX  0.64  0.15  0.04 (1.19) 0.65 
 1.29 
 4.47 
POLRX  0.62  0.05  0.02  0.16  0.67 
 1.29 
 4.47 
DDJRX  0.09  0.01 (0.41)(1.01) 0.00 
 0.14 
 0.83 
DDJIX  0.08  0.00 (0.39) 0.46  0.00 
 0.14 
 0.69 
PBBIX  0.12  0.02 (0.54)(0.45) 0.00 
 0.29 
 0.98