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 0.42 (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

Good diversification

The correlation between Polen International Growth and DJI is -0.04 (i.e., Good 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

  0.77RERFX Europacific GrowthPairCorr
  0.77AEPFX Europacific GrowthPairCorr
  0.77CEUAX Europacific GrowthPairCorr
  0.78CEUCX Europacific GrowthPairCorr
  0.78RERCX Europacific GrowthPairCorr
  0.77REREX Europacific GrowthPairCorr
  0.64RERGX Europacific GrowthPairCorr
  0.77CEUFX Europacific GrowthPairCorr
  0.78CEUEX Europacific GrowthPairCorr
  0.78RERAX Europacific GrowthPairCorr
  0.62MSTPX Morningstar MunicipalPairCorr
  0.7VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.69MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Moving against Polen Mutual Fund

  0.64PYARX Payden Absolute ReturnPairCorr
  0.6FTCAX Templeton Strained BondPairCorr
  0.6PYAIX Payden Absolute ReturnPairCorr
  0.37BCAAX Brandywineglobal CPairCorr
  0.53JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.48TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.47CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.4AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.38T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.31DIS Walt DisneyPairCorr

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
PBSRXPGIRX
PBSRXPOLRX
POLIXPOLRX
PGIRXPOLIX
PBSRXPOLIX
  
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.