Polen International Correlations

POIIX Fund  USD 16.60  0.10  0.61%   
The current 90-days correlation between Polen International and Polen Growth Fund is 0.47 (i.e., Very weak 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 0.18 (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

  0.92POIRX Polen InternationalPairCorr
  0.74RERFX Europacific GrowthPairCorr
  0.74AEPFX Europacific GrowthPairCorr
  0.75CEUAX Europacific GrowthPairCorr
  0.73CEUCX Europacific GrowthPairCorr
  0.72RERCX Europacific GrowthPairCorr
  0.74REREX Europacific GrowthPairCorr
  0.71RERGX Europacific GrowthPairCorr
  0.74CEUFX Europacific GrowthPairCorr
  0.72CEUEX Europacific GrowthPairCorr
  0.76RERAX Europacific GrowthPairCorr
  0.62XDSMX Dreyfus StrategicPairCorr
  0.73XNXJX Nuveen New JerseyPairCorr
  0.89NXJ Nuveen New JerseyPairCorr
  0.79XNBHX Neuberger Berman IntPairCorr
  0.66BISMX Brandes InternationalPairCorr
  0.63PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Moving against Polen Mutual Fund

  0.52XNKGX Nuveen Georgia QualityPairCorr
  0.44POLRX Polen GrowthPairCorr
  0.41PBSIX Polen Small PanyPairCorr
  0.41PBSRX Polen SmallPairCorr
  0.38POLIX Polen GrowthPairCorr
  0.35XPPRX Voya Prime RatePairCorr
  0.32PGIRX Polen Global GrowthPairCorr
  0.58JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.56BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.51CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.51CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.48TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.44T ATT Inc Aggressive PushPairCorr
  0.41DIS Walt DisneyPairCorr
  0.36INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.35VISGX Vanguard Small CapPairCorr
  0.32AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.31WMT Walmart Aggressive PushPairCorr

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.