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

1.0	POIIX	Polen International	Pair Corr
0.73	RERFX	Europacific Growth	Pair Corr
0.7	AEPFX	Europacific Growth	Pair Corr
0.71	CEUAX	Europacific Growth	Pair Corr
0.75	CEUCX	Europacific Growth	Pair Corr
0.71	RERCX	Europacific Growth	Pair Corr
0.71	REREX	Europacific Growth	Pair Corr
0.73	RERGX	Europacific Growth	Pair Corr
0.7	CEUFX	Europacific Growth	Pair Corr
0.74	CEUEX	Europacific Growth	Pair Corr
0.72	RERAX	Europacific Growth	Pair Corr
0.65	XDSMX	Dreyfus Strategic	Pair Corr
0.76	XNXJX	Nuveen New Jersey	Pair Corr
0.89	NXJ	Nuveen New Jersey	Pair Corr
0.81	XNBHX	Neuberger Berman Int	Pair Corr
0.63	BISMX	Brandes International	Pair Corr
0.65	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Polen Mutual Fund

0.5	XNKGX	Nuveen Georgia Quality	Pair Corr
0.44	PBSIX	Polen Small Pany	Pair Corr
0.44	PBSRX	Polen Small	Pair Corr
0.41	XPPRX	Voya Prime Rate	Pair Corr
0.4	POLIX	Polen Growth	Pair Corr
0.4	POLRX	Polen Growth	Pair Corr
0.35	PGIRX	Polen Global Growth	Pair Corr
0.33	PBBIX	Fundvantage Trust	Pair Corr
0.61	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.59	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.54	CLM	Cornerstone Strategic	Pair Corr
0.52	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.51	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.49	T	ATT Inc Aggressive Push	Pair Corr
0.44	DIS	Walt Disney	Pair Corr
0.39	VISGX	Vanguard Small Cap	Pair Corr
0.37	INTC	Intel Downward Rally	Pair Corr
0.36	WMT	Walmart Aggressive Push	Pair Corr
0.36	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	POLRX	POLIX	PGIRX	PBSRX	PBIRX
POLRX		1.0	0.93	0.93	-0.55	POLRX
POLIX	1.0		0.93	0.93	-0.55	POLIX
PGIRX	0.93	0.93		0.94	-0.54	PGIRX
PBSRX	0.93	0.93	0.94		-0.55	PBSRX
PBIRX	-0.55	-0.55	-0.54	-0.55		PBIRX
	POLRX	POLIX	PGIRX	PBSRX	PBIRX

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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

POLIX	+ 1.0	POLRX
PBSRX	+ 0.94	PGIRX
PGIRX	+ 0.93	POLRX
PBSRX	+ 0.93	POLRX
PGIRX	+ 0.93	POLIX
PBSRX	+ 0.93	POLIX

High negative correlations

PBIRX	- 0.55	PBSRX
PBIRX	- 0.55	POLIX
PBIRX	- 0.55	POLRX
PBIRX	- 0.54	PGIRX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
POLRX	0.66	0.09	(0.03)	(11.96)	0.93	(0.68)	1.29	(1.59)	4.47
POLIX	0.66	0.10	(0.03)	(8.03)	0.91	(0.67)	1.29	(1.57)	4.47
PGIRX	0.60	(0.02)	(0.08)	0.09	0.78	(0.60)	1.28	(1.33)	4.08
PBSRX	0.91	0.06	0.09	0.17	0.72	(0.98)	2.16	(1.34)	7.09
PBIRX	0.75	0.02	0.00	0.07	0.00	0.00	1.38	(1.81)	3.93

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