Polen Global Correlations

PGIIX Fund  USD 28.23  0.02  0.07%   
The current 90-days correlation between Polen Global Growth and Putnam Multi Cap Growth is 0.24 (i.e., Modest diversification). 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

Significant diversification

The correlation between Polen Global Growth and DJI is 0.03 (i.e., Significant 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

  1.0PGIRX Polen Global GrowthPairCorr
  0.98POLIX Polen GrowthPairCorr
  0.98POLRX Polen GrowthPairCorr
  0.7DDJRX Ddj Opportunistic HighPairCorr
  0.7DDJIX Ddj Opportunistic HighPairCorr
  0.74PBBIX Fundvantage TrustPairCorr
  0.72PBKIX Polen Bank LoanPairCorr
  0.95PBMIX Polen SmidPairCorr
  0.92PBSIX Polen Small PanyPairCorr
  0.95PBSRX Polen SmallPairCorr
  0.95PBSYX Polen SmallPairCorr
  0.64FNFPX American Funds NewPairCorr
  0.64FFPNX American Funds NewPairCorr
  0.88FSTUX Invesco Dividend IncomePairCorr
  0.86ASLGX Select Fund R5PairCorr
  0.8MLOZX Cohen Steers Mlp Downward RallyPairCorr
  0.86DSPIX Dreyfus InstitutionalPairCorr
  0.88KMKNX Kinetics Market OppoPairCorr
  0.87TRLCX Tiaa-cref Large-capPairCorr

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   
PEQBXPNOBX
PGNBXPEQBX
PGNBXPNOBX
PGNBXPOVBX
POVBXPEQBX
POVBXPNOBX
  
High negative correlations   
POLIXPNOBX
PEQBXPOLIX

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.