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 0.62 (i.e., Poor 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 0.19 (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
  0.68RERFX Europacific GrowthPairCorr
  0.68AEPFX Europacific GrowthPairCorr
  0.68CEUAX Europacific GrowthPairCorr
  0.7CEUCX Europacific GrowthPairCorr
  0.69RERCX Europacific GrowthPairCorr
  0.68REREX Europacific GrowthPairCorr
  0.68RERGX Europacific GrowthPairCorr
  0.68CEUFX Europacific GrowthPairCorr
  0.69CEUEX Europacific GrowthPairCorr
  0.7RERAX Europacific GrowthPairCorr

Moving against Polen Mutual Fund

  0.61PBKIX Polen Bank LoanPairCorr
  0.48PBSIX Polen Small PanyPairCorr
  0.45PBMIX Polen SmidPairCorr
  0.43PBSRX Polen SmallPairCorr
  0.43PBSYX Polen SmallPairCorr
  0.42POLIX Polen GrowthPairCorr
  0.42POLRX Polen GrowthPairCorr
  0.37DDJIX Ddj Opportunistic HighPairCorr
  0.37PBBIX Fundvantage TrustPairCorr
  0.31DDJRX Ddj Opportunistic HighPairCorr
  0.62LSHEX Kinetics Spin OffPairCorr
  0.59LSHUX Horizon Spin OffPairCorr
  0.59LSHAX Horizon Spin OffPairCorr
  0.55SWSFX Ultra Short FixedPairCorr
  0.43AMEIX Equity GrowthPairCorr
  0.42PRJIX T Rowe PricePairCorr
  0.4SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.37SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.36VFIAX Vanguard 500 IndexPairCorr
  0.35RSNYX Victory Global NaturalPairCorr
  0.35RSNRX Victory Global NaturalPairCorr
  0.35RGNCX Victory Global NaturalPairCorr
  0.35RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.35RMQHX Monthly Rebalance Steady GrowthPairCorr
  0.34BLYCX Amer Beacon BridgewayPairCorr
  0.34WWLAX Westwood Largecap ValuePairCorr

Related Correlations Analysis

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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.