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 0.59 (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

1.0	PGIRX	Polen Global Growth	Pair Corr
0.98	POLIX	Polen Growth	Pair Corr
0.98	POLRX	Polen Growth	Pair Corr
0.73	DDJRX	Ddj Opportunistic High	Pair Corr
0.73	DDJIX	Ddj Opportunistic High	Pair Corr
0.75	PBBIX	Fundvantage Trust	Pair Corr
0.66	PBKIX	Polen Bank Loan	Pair Corr
0.95	PBMIX	Polen Smid	Pair Corr
0.94	PBSIX	Polen Small Pany	Pair Corr
0.94	PBSRX	Polen Small	Pair Corr
0.94	PBSYX	Polen Small	Pair Corr
0.65	FNFPX	American Funds New	Pair Corr
0.65	FFPNX	American Funds New	Pair Corr
0.63	NPFCX	New Perspective	Pair Corr
0.64	ANWPX	New Perspective	Pair Corr
0.64	NPFFX	New Perspective	Pair Corr
0.64	CNPAX	New Perspective	Pair Corr
0.64	CNPEX	New Perspective	Pair Corr
0.65	CNPFX	New Perspective	Pair Corr
0.63	CNPCX	New Perspective	Pair Corr
0.63	RNPAX	New Perspective	Pair Corr
0.88	KSCYX	Kinetics Small Cap	Pair Corr
0.88	LSHUX	Horizon Spin Off	Pair Corr
0.88	KNPAX	Kinetics Paradigm	Pair Corr
0.88	WWNPX	Kinetics Paradigm	Pair Corr
0.88	KSCOX	Kinetics Small Cap	Pair Corr
0.88	KSOCX	Kinetics Small Cap	Pair Corr
0.88	KMKCX	Kinetics Market Oppo	Pair Corr
0.88	KNPYX	Kinetics Paradigm	Pair Corr
0.88	KNPCX	Kinetics Paradigm	Pair Corr
0.67	CNGLX	Commonwealth Global	Pair Corr
0.9	AMONX	Aqr Large Cap	Pair Corr
0.89	PRUFX	T Rowe Price	Pair Corr

Related Correlations Analysis

	PNOBX	POLIX	PEQBX	POVBX	PGNBX
PNOBX		0.0	1.0	1.0	1.0	PNOBX
POLIX	0.0		0.0	0.0	0.0	POLIX
PEQBX	1.0	0.0		1.0	1.0	PEQBX
POVBX	1.0	0.0	1.0		1.0	POVBX
PGNBX	1.0	0.0	1.0	1.0		PGNBX
	PNOBX	POLIX	PEQBX	POVBX	PGNBX

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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

PEQBX	+ 1.0	PNOBX
POVBX	+ 1.0	PNOBX
PGNBX	+ 1.0	PNOBX
POVBX	+ 1.0	PEQBX
PGNBX	+ 1.0	PEQBX
PGNBX	+ 1.0	POVBX

High negative correlations

PGNBX	- 0.0	POLIX
POVBX	- 0.0	POLIX
PEQBX	- 0.0	POLIX
POLIX	- 0.0	PNOBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PNOBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
POLIX	0.67	0.03	(0.02)	0.17	0.91	(0.68)	1.29	(1.57)	5.81
PEQBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
POVBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGNBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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