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.
Polen |
Moving together with Polen Mutual Fund
1.0 | POIRX | Polen International | PairCorr |
0.68 | RERFX | Europacific Growth | PairCorr |
0.68 | AEPFX | Europacific Growth | PairCorr |
0.68 | CEUAX | Europacific Growth | PairCorr |
0.7 | CEUCX | Europacific Growth | PairCorr |
0.69 | RERCX | Europacific Growth | PairCorr |
0.68 | REREX | Europacific Growth | PairCorr |
0.68 | RERGX | Europacific Growth | PairCorr |
0.68 | CEUFX | Europacific Growth | PairCorr |
0.69 | CEUEX | Europacific Growth | PairCorr |
0.69 | RERAX | Europacific Growth | PairCorr |
Moving against Polen Mutual Fund
0.6 | PBKIX | Polen Bank Loan | PairCorr |
0.48 | PBMIX | Polen Smid | PairCorr |
0.47 | PBSIX | Polen Small Pany | PairCorr |
0.47 | PBSRX | Polen Small | PairCorr |
0.47 | PBSYX | Polen Small | PairCorr |
0.42 | POLIX | Polen Growth | PairCorr |
0.42 | POLRX | Polen Growth | PairCorr |
0.37 | PBBIX | Fundvantage Trust | PairCorr |
0.33 | DDJIX | Ddj Opportunistic High | PairCorr |
0.31 | DDJRX | Ddj Opportunistic High | PairCorr |
0.62 | LSHEX | Kinetics Spin Off | PairCorr |
0.58 | LSHUX | Horizon Spin Off | PairCorr |
0.58 | LSHAX | Horizon Spin Off | PairCorr |
0.54 | SWSFX | Ultra Short Fixed | PairCorr |
0.42 | PRJIX | T Rowe Price | PairCorr |
0.42 | AMEIX | Equity Growth | PairCorr |
0.4 | SMPSX | Semiconductor Ultrasector Steady Growth | PairCorr |
0.38 | BLYCX | Amer Beacon Bridgeway | PairCorr |
0.37 | SMPIX | Semiconductor Ultrasector Steady Growth | PairCorr |
0.36 | VFIAX | Vanguard 500 Index | PairCorr |
0.35 | RSNYX | Victory Global Natural | PairCorr |
0.35 | RSNRX | Victory Global Natural | PairCorr |
0.34 | RGNCX | Victory Global Natural | PairCorr |
0.34 | RMQAX | Monthly Rebalance Steady Growth | PairCorr |
0.34 | RMQHX | Monthly Rebalance Steady Growth | PairCorr |
0.33 | WWLAX | Westwood Largecap Value | PairCorr |
Related Correlations Analysis
0.91 | 0.98 | 0.83 | 0.94 | POLIX | ||
0.91 | 0.9 | 0.89 | 0.92 | IMIDX | ||
0.98 | 0.9 | 0.81 | 0.92 | PGIIX | ||
0.83 | 0.89 | 0.81 | 0.88 | ZDIVX | ||
0.94 | 0.92 | 0.92 | 0.88 | PBSIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
POLIX | 0.62 | 0.14 | (0.01) | (1.58) | 0.68 | 1.29 | 4.47 | |||
IMIDX | 0.72 | 0.06 | (0.05) | 0.50 | 0.89 | 1.54 | 5.44 | |||
PGIIX | 0.59 | 0.07 | (0.07) | 2.33 | 0.70 | 1.25 | 4.07 | |||
ZDIVX | 0.48 | (0.03) | (0.13) | 0.09 | 0.36 | 1.04 | 3.27 | |||
PBSIX | 0.89 | 0.06 | 0.10 | 0.18 | 0.66 | 2.20 | 7.12 |