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 0.45 (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

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

  1.0POIIX Polen InternationalPairCorr
  0.78RERFX Europacific GrowthPairCorr
  0.74AEPFX Europacific GrowthPairCorr
  0.61CEUAX Europacific GrowthPairCorr
  0.63CEUCX Europacific GrowthPairCorr
  0.62RERCX Europacific GrowthPairCorr
  0.61REREX Europacific GrowthPairCorr
  0.61RERGX Europacific GrowthPairCorr
  0.61CEUFX Europacific GrowthPairCorr
  0.62CEUEX Europacific GrowthPairCorr
  0.63RERAX Europacific GrowthPairCorr
  0.68NHS Neuberger Berman HighPairCorr
  0.76KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.69MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.68VZ Verizon Communications Sell-off TrendPairCorr

Moving against Polen Mutual Fund

  0.4POLIX Polen GrowthPairCorr
  0.39PBSIX Polen Small PanyPairCorr
  0.54JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.52CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.49TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.48CSCO Cisco SystemsPairCorr
  0.36HPQ HP IncPairCorr

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
PGIRXPOLRX
PGIRXPOLIX
PBSRXPOLRX
PBSRXPOLIX
PBSRXPGIRX
  
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.