Polen International Correlations

POIRX Fund  USD 16.39  0.14  0.86%   
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

Average diversification

The correlation between Polen International Growth and DJI is 0.18 (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.
  
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

  1.0POIIX Polen InternationalPairCorr
  0.73RERFX Europacific GrowthPairCorr
  0.7AEPFX Europacific GrowthPairCorr
  0.71CEUAX Europacific GrowthPairCorr
  0.75CEUCX Europacific GrowthPairCorr
  0.71RERCX Europacific GrowthPairCorr
  0.71REREX Europacific GrowthPairCorr
  0.73RERGX Europacific GrowthPairCorr
  0.7CEUFX Europacific GrowthPairCorr
  0.74CEUEX Europacific GrowthPairCorr
  0.72RERAX Europacific GrowthPairCorr
  0.65XDSMX Dreyfus StrategicPairCorr
  0.76XNXJX Nuveen New JerseyPairCorr
  0.89NXJ Nuveen New JerseyPairCorr
  0.81XNBHX Neuberger Berman IntPairCorr
  0.63BISMX Brandes InternationalPairCorr
  0.65PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Moving against Polen Mutual Fund

  0.5XNKGX Nuveen Georgia QualityPairCorr
  0.44PBSIX Polen Small PanyPairCorr
  0.44PBSRX Polen SmallPairCorr
  0.41XPPRX Voya Prime RatePairCorr
  0.4POLIX Polen GrowthPairCorr
  0.4POLRX Polen GrowthPairCorr
  0.35PGIRX Polen Global GrowthPairCorr
  0.33PBBIX Fundvantage TrustPairCorr
  0.61JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.59BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.54CLM Cornerstone StrategicPairCorr
  0.52CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.51TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.49T ATT Inc Aggressive PushPairCorr
  0.44DIS Walt DisneyPairCorr
  0.39VISGX Vanguard Small CapPairCorr
  0.37INTC Intel Downward RallyPairCorr
  0.36WMT Walmart Aggressive PushPairCorr
  0.36AXP 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   
POLIXPOLRX
PBSRXPGIRX
PGIRXPOLRX
PBSRXPOLRX
PGIRXPOLIX
PBSRXPOLIX
  
High negative correlations   
PBIRXPBSRX
PBIRXPOLIX
PBIRXPOLRX
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.