Polen International Correlations

POIRX Fund  USD 16.46  0.07  0.43%   
The current 90-days correlation between Polen International and Polen Growth Fund is 0.45 (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 0.56 (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 metropolitan statistical area.

Moving together with Polen Mutual Fund

  0.92POIIX Polen InternationalPairCorr
  0.65RERFX Europacific GrowthPairCorr
  0.65AEPFX Europacific GrowthPairCorr
  0.65CEUAX Europacific GrowthPairCorr
  0.77CEUCX Europacific GrowthPairCorr
  0.76RERCX Europacific GrowthPairCorr
  0.65REREX Europacific GrowthPairCorr
  0.75RERGX Europacific GrowthPairCorr
  0.65CEUFX Europacific GrowthPairCorr
  0.76CEUEX Europacific GrowthPairCorr
  0.66RERAX Europacific GrowthPairCorr
  0.67XDSMX Dreyfus StrategicPairCorr
  0.76XNXJX Nuveen New JerseyPairCorr
  0.88NXJ Nuveen New JerseyPairCorr
  0.81XNBHX Neuberger Berman IntPairCorr

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
  0.46CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.46TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.4T ATT Inc Aggressive PushPairCorr
  0.34DIS Walt DisneyPairCorr
  0.34INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PGIRXPOLRX
POLIXPOLRX
PBSRXPOLRX
PBSRXPGIRX
PGIRXPOLIX
PBSRXPOLIX
  
High negative correlations   
PBIRXPOLIX
PBIRXPOLRX
PBIRXPBSRX
PBIRXPGIRX

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.