Polen International Correlations

POIRX Fund  USD 16.25  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 0.53 (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

  0.74RERFX Europacific GrowthPairCorr
  0.73AEPFX Europacific GrowthPairCorr
  0.73CEUAX Europacific GrowthPairCorr
  0.74CEUCX Europacific GrowthPairCorr
  0.74RERCX Europacific GrowthPairCorr
  0.73REREX Europacific GrowthPairCorr
  0.74RERGX Europacific GrowthPairCorr
  0.73CEUFX Europacific GrowthPairCorr
  0.74CEUEX Europacific GrowthPairCorr
  0.74RERAX Europacific GrowthPairCorr
  0.73VTISX Vanguard Total InterPairCorr
  0.73VTSNX Vanguard Total InterPairCorr
  0.73VTPSX Vanguard Total InterPairCorr
  0.74MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.7VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.8KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.65PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Moving against Polen Mutual Fund

  0.36VSMPX Vanguard Total StockPairCorr
  0.36VFIAX Vanguard 500 IndexPairCorr
  0.36VTSAX Vanguard Total StockPairCorr
  0.34VITSX Vanguard Total StockPairCorr
  0.34VFFSX Vanguard 500 IndexPairCorr
  0.33VSTSX Vanguard Total StockPairCorr
  0.31VINIX Vanguard InstitutionalPairCorr
  0.61JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.58BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.5TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.39AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.34PREIX T Rowe PricePairCorr
  0.31HPQ HP IncPairCorr
  0.31AXP American Express Fiscal Year End 24th 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
PBSRXPOLIX
PGIRXPOLIX
PBSRXPGIRX
PBSRXPOLRX
POLIXPOLRX
  
High negative correlations   
PBIRXPBSRX
PBIRXPGIRX
PBIRXPOLIX
PBIRXPOLRX

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.