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 0.61 (i.e., Poor 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

Average diversification

The correlation between Polen International Growth and DJI is 0.19 (i.e., Average 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

  1.0POIRX Polen InternationalPairCorr
  0.68RERFX Europacific GrowthPairCorr
  0.68AEPFX Europacific GrowthPairCorr
  0.68CEUAX Europacific GrowthPairCorr
  0.7CEUCX Europacific GrowthPairCorr
  0.69RERCX Europacific GrowthPairCorr
  0.68REREX Europacific GrowthPairCorr
  0.68RERGX Europacific GrowthPairCorr
  0.68CEUFX Europacific GrowthPairCorr
  0.69CEUEX Europacific GrowthPairCorr
  0.69RERAX Europacific GrowthPairCorr

Moving against Polen Mutual Fund

  0.6PBKIX Polen Bank LoanPairCorr
  0.48PBMIX Polen SmidPairCorr
  0.47PBSIX Polen Small PanyPairCorr
  0.47PBSRX Polen SmallPairCorr
  0.47PBSYX Polen SmallPairCorr
  0.42POLIX Polen GrowthPairCorr
  0.42POLRX Polen GrowthPairCorr
  0.37PBBIX Fundvantage TrustPairCorr
  0.33DDJIX Ddj Opportunistic HighPairCorr
  0.31DDJRX Ddj Opportunistic HighPairCorr
  0.62LSHEX Kinetics Spin OffPairCorr
  0.58LSHUX Horizon Spin OffPairCorr
  0.58LSHAX Horizon Spin OffPairCorr
  0.54SWSFX Ultra Short FixedPairCorr
  0.42PRJIX T Rowe PricePairCorr
  0.42AMEIX Equity GrowthPairCorr
  0.4SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.38BLYCX Amer Beacon BridgewayPairCorr
  0.37SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.36VFIAX Vanguard 500 IndexPairCorr
  0.35RSNYX Victory Global NaturalPairCorr
  0.35RSNRX Victory Global NaturalPairCorr
  0.34RGNCX Victory Global NaturalPairCorr
  0.34RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.34RMQHX Monthly Rebalance Steady GrowthPairCorr
  0.33WWLAX Westwood Largecap ValuePairCorr

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.