Polen International Correlations

POIIX Fund  USD 16.67  0.07  0.42%   
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

Very weak diversification

The correlation between Polen International Growth and DJI is 0.55 (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
  0.75RERFX Europacific GrowthPairCorr
  0.75AEPFX Europacific GrowthPairCorr
  0.76CEUAX Europacific GrowthPairCorr
  0.77CEUCX Europacific GrowthPairCorr
  0.76RERCX Europacific GrowthPairCorr
  0.75REREX Europacific GrowthPairCorr
  0.75RERGX Europacific GrowthPairCorr
  0.75CEUFX Europacific GrowthPairCorr
  0.76CEUEX Europacific GrowthPairCorr
  0.76RERAX Europacific GrowthPairCorr
  0.66XDSMX Dreyfus StrategicPairCorr
  0.76XNXJX Nuveen New JerseyPairCorr
  0.88NXJ Nuveen New JerseyPairCorr
  0.81XNBHX Neuberger Berman IntPairCorr
  0.68BISMX Brandes InternationalPairCorr

Moving against Polen Mutual Fund

  0.53XNKGX Nuveen Georgia QualityPairCorr
  0.37POLIX Polen GrowthPairCorr
  0.37POLRX Polen GrowthPairCorr
  0.34PBSIX Polen Small PanyPairCorr
  0.34PBSRX Polen SmallPairCorr
  0.31XPPRX Voya Prime RatePairCorr
  0.55JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.52BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.48CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.47CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.47TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.4T ATT Inc Aggressive PushPairCorr
  0.35DIS Walt DisneyPairCorr
  0.33INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

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.