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 -0.15 (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 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen 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
  0.74RERFX Europacific GrowthPairCorr
  0.74AEPFX Europacific GrowthPairCorr
  0.74CEUAX Europacific GrowthPairCorr
  0.75CEUCX Europacific GrowthPairCorr
  0.75RERCX Europacific GrowthPairCorr
  0.74REREX Europacific GrowthPairCorr
  0.74RERGX Europacific GrowthPairCorr
  0.74CEUFX Europacific GrowthPairCorr
  0.65CEUEX Europacific GrowthPairCorr
  0.75RERAX Europacific GrowthPairCorr

Moving against Polen Mutual Fund

  0.61PBKIX Polen Bank LoanPairCorr
  0.44POLIX Polen GrowthPairCorr
  0.44PBMIX Polen SmidPairCorr
  0.44PBSIX Polen Small PanyPairCorr
  0.43PBSRX Polen SmallPairCorr
  0.43PBSYX Polen SmallPairCorr
  0.42POLRX Polen GrowthPairCorr
  0.4PBBIX Fundvantage TrustPairCorr
  0.36DDJIX Ddj Opportunistic HighPairCorr
  0.33PGIIX Polen Global GrowthPairCorr
  0.33DDJRX Ddj Opportunistic HighPairCorr
  0.58LSHUX Horizon Spin Off Potential GrowthPairCorr
  0.58LSHEX Kinetics Spin OffPairCorr
  0.57LSHAX Horizon Spin Off Potential GrowthPairCorr
  0.54SWSFX Ultra Short FixedPairCorr
  0.43PRJIX T Rowe PricePairCorr
  0.41SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.4VFIAX Vanguard 500 IndexPairCorr
  0.39RMQHX Monthly RebalancePairCorr
  0.39AMEIX Equity GrowthPairCorr
  0.36SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.34RSNRX Victory Global NaturalPairCorr
  0.34RMQAX Monthly RebalancePairCorr
  0.33RSNYX Victory Global NaturalPairCorr
  0.33RGNCX Victory Global NaturalPairCorr
  0.33BLYCX Amer Beacon BridgewayPairCorr

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.