Polen Global Correlations

PGIIX Fund  USD 27.62  0.61  2.16%   
The correlation of Polen Global 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 Global Correlation With Market

Very weak diversification

The correlation between Polen Global Growth and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen Global Growth 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 Global Growth. 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

  0.72XPPRX Voya Prime RatePairCorr
  0.64PCF Putnam High IncomePairCorr
  0.67CSCO Cisco Systems Aggressive PushPairCorr
  0.8BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.71WMT Walmart Aggressive PushPairCorr
  0.81JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr

Moving against Polen Mutual Fund

  0.43XNBHX Neuberger Berman IntPairCorr
  0.41NXJ Nuveen New JerseyPairCorr
  0.35XNXJX Nuveen New JerseyPairCorr
  0.75PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.64KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.56MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.36BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PEQBXPNOBX
POVBXPNOBX
PGNBXPNOBX
POVBXPEQBX
PGNBXPEQBX
PGNBXPOVBX
  
High negative correlations   
PGNBXPOLIX
POVBXPOLIX
PEQBXPOLIX
POLIXPNOBX

Risk-Adjusted Indicators

There is a big difference between Polen Mutual Fund performing well and Polen Global 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 Global'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.