Polen Global Growth Fund Market Value

PGIIX Fund  USD 27.96  0.38  1.38%   
Polen Global's market value is the price at which a share of Polen Global trades on a public exchange. It measures the collective expectations of Polen Global Growth investors about its performance. Polen Global is trading at 27.96 as of the 10th of December 2024; that is 1.38 percent up since the beginning of the trading day. The fund's open price was 27.58.
With this module, you can estimate the performance of a buy and hold strategy of Polen Global Growth and determine expected loss or profit from investing in Polen Global over a given investment horizon. Check out Polen Global Correlation, Polen Global Volatility and Polen Global Alpha and Beta module to complement your research on Polen Global.
Symbol

Please note, there is a significant difference between Polen Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polen Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polen Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Polen Global 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Polen Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Polen Global.
0.00
11/10/2024
No Change 0.00  0.0 
In 31 days
12/10/2024
0.00
If you would invest  0.00  in Polen Global on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Polen Global Growth or generate 0.0% return on investment in Polen Global over 30 days. Polen Global is related to or competes with Putnam Multi-cap, Polen Growth, Putnam Global, Putnam International, and Putnam International. The fund typically invests in a focused portfolio of approximately 25 to 40 common stocks of large capitalization compan... More

Polen Global Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Polen Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Polen Global Growth upside and downside potential and time the market with a certain degree of confidence.

Polen Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Polen Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polen Global's standard deviation. In reality, there are many statistical measures that can use Polen Global historical prices to predict the future Polen Global's volatility.
Hype
Prediction
LowEstimatedHigh
27.1827.9728.76
Details
Intrinsic
Valuation
LowRealHigh
27.0127.8028.59
Details
Naive
Forecast
LowNextHigh
26.8327.6228.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.5528.0128.47
Details

Polen Global Growth Backtested Returns

At this stage we consider Polen Mutual Fund to be very steady. Polen Global Growth maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Polen Global Growth, which you can use to evaluate the volatility of the fund. Please check Polen Global's Risk Adjusted Performance of 0.0903, semi deviation of 0.7685, and Coefficient Of Variation of 818.99 to confirm if the risk estimate we provide is consistent with the expected return of 0.0877%. The fund holds a Beta of 0.0288, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polen Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polen Global is expected to be smaller as well.

Auto-correlation

    
  0.24  

Weak predictability

Polen Global Growth has weak predictability. Overlapping area represents the amount of predictability between Polen Global time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Polen Global Growth price movement. The serial correlation of 0.24 indicates that over 24.0% of current Polen Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.05

Polen Global Growth lagged returns against current returns

Autocorrelation, which is Polen Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Polen Global's mutual fund expected returns. We can calculate the autocorrelation of Polen Global returns to help us make a trade decision. For example, suppose you find that Polen Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Polen Global regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Polen Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polen Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polen Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Polen Global Lagged Returns

When evaluating Polen Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polen Global mutual fund have on its future price. Polen Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Polen Global autocorrelation shows the relationship between Polen Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Polen Global Growth.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Polen Mutual Fund

Polen Global financial ratios help investors to determine whether Polen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Polen with respect to the benefits of owning Polen Global security.
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