Polen Global Correlations

PGIIX Fund  USD 27.96  0.38  1.38%   
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 0.56 (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

  1.0PGIRX Polen Global GrowthPairCorr
  0.98POLIX Polen GrowthPairCorr
  0.98POLRX Polen GrowthPairCorr
  0.69DDJRX Ddj Opportunistic HighPairCorr
  0.69DDJIX Ddj Opportunistic HighPairCorr
  0.75PBBIX Fundvantage TrustPairCorr
  0.82PBMIX Polen SmidPairCorr
  0.84PBSIX Polen Small PanyPairCorr
  0.84PBSRX Polen SmallPairCorr
  0.82PBSYX Polen SmallPairCorr
  0.74KSCYX Kinetics Small CapPairCorr
  0.86LSHUX Horizon Spin OffPairCorr
  0.87KNPAX Kinetics ParadigmPairCorr
  0.78WWNPX Kinetics ParadigmPairCorr
  0.86KSCOX Kinetics Small CapPairCorr
  0.86KSOCX Kinetics Small CapPairCorr
  0.76KMKCX Kinetics Market OppoPairCorr
  0.78KNPYX Kinetics ParadigmPairCorr
  0.87KNPCX Kinetics ParadigmPairCorr
  0.68AMONX Aqr Large CapPairCorr
  0.87PRUFX T Rowe PricePairCorr
  0.61DRGTX Allianzgi TechnologyPairCorr

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
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.