Polen International Correlations

POIIX Fund  USD 16.50  0.01  0.06%   
The current 90-days correlation between Polen International and Polen Growth Fund is -0.14 (i.e., Good diversification). The correlation of Polen International 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 International Correlation With Market

Very weak diversification

The correlation between Polen International Growth and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen International 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 International 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

  0.9POIRX Polen InternationalPairCorr
  0.74RERFX Europacific GrowthPairCorr
  0.74AEPFX Europacific GrowthPairCorr
  0.73CEUAX Europacific GrowthPairCorr
  0.77CEUCX Europacific GrowthPairCorr
  0.74RERCX Europacific GrowthPairCorr
  0.73REREX Europacific GrowthPairCorr
  0.74RERGX Europacific GrowthPairCorr
  0.74CEUFX Europacific GrowthPairCorr
  0.74CEUEX Europacific GrowthPairCorr
  0.74RERAX Europacific GrowthPairCorr

Moving against Polen Mutual Fund

  0.58PBKIX Polen Bank LoanPairCorr
  0.44PBSIX Polen Small PanyPairCorr
  0.43PBMIX Polen SmidPairCorr
  0.41PBSRX Polen SmallPairCorr
  0.41PBSYX Polen SmallPairCorr
  0.39POLIX Polen GrowthPairCorr
  0.39POLRX Polen GrowthPairCorr
  0.33DDJIX Ddj Opportunistic HighPairCorr
  0.32PBBIX Fundvantage TrustPairCorr
  0.55LSHEX Kinetics Spin OffPairCorr
  0.53LSHUX Horizon Spin OffPairCorr
  0.53LSHAX Horizon Spin OffPairCorr
  0.48SWSFX Ultra Short FixedPairCorr
  0.39SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.39PRJIX T Rowe PricePairCorr
  0.35RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.35VFIAX Vanguard 500 IndexPairCorr
  0.34BLYCX Amer Beacon BridgewayPairCorr
  0.34AMEIX Equity GrowthPairCorr
  0.32SMPSX Semiconductor Ultrasector Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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