Polen Us Correlations

PBMIX Fund

USD 8.76 0.14 1.62%

The current 90-days correlation between Polen Smid and Prnpl Inv Fd is 0.27 (i.e., Modest diversification). The correlation of Polen Us 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 Us Correlation With Market

Poor diversification

The correlation between Polen Smid and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen Smid 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 Smid. 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 gross domestic product.

Moving together with Polen Mutual Fund

0.93	PGIIX	Polen Global Growth	Pair Corr
0.93	PGIRX	Polen Global Growth	Pair Corr
0.91	POLIX	Polen Growth	Pair Corr
0.91	POLRX	Polen Growth	Pair Corr
0.72	DDJRX	Ddj Opportunistic High	Pair Corr
0.72	DDJIX	Ddj Opportunistic High	Pair Corr
0.64	PBBIX	Fundvantage Trust	Pair Corr
0.74	PBKIX	Polen Bank Loan	Pair Corr
0.99	PBSIX	Polen Small Pany	Pair Corr
0.99	PBSRX	Polen Small	Pair Corr
0.99	PBSYX	Polen Small	Pair Corr
0.92	PAMCX	T Rowe Price	Pair Corr
0.92	RRMGX	T Rowe Price	Pair Corr
0.92	TRQZX	T Rowe Price	Pair Corr
0.92	RPMGX	T Rowe Price	Pair Corr
0.98	PRJIX	T Rowe Price	Pair Corr
0.98	PRNHX	T Rowe Price	Pair Corr
0.98	TRUZX	T Rowe Price	Pair Corr
0.92	PCBIX	Midcap Fund Institutional	Pair Corr
0.92	PEMGX	Midcap Fund Class	Pair Corr
0.92	PMBCX	Midcap Fund Class	Pair Corr
0.84	XPPRX	Voya Prime Rate	Pair Corr
0.68	PCF	Putnam High Income	Pair Corr
0.79	JHJAX	John Hancock Esg	Pair Corr
0.97	BOSOX	Boston Trust Small	Pair Corr
0.89	CLXRX	Columbia Large Cap	Pair Corr

Moving against Polen Mutual Fund

0.56	POIIX	Polen International	Pair Corr
0.56	POIRX	Polen International	Pair Corr
0.7	XNBHX	Neuberger Berman Int	Pair Corr
0.69	XNXJX	Nuveen New Jersey	Pair Corr
0.56	NXJ	Nuveen New Jersey	Pair Corr
0.45	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	PGEIX	PGIIX	PGIRX	POIIX	POIRX	POLIX	POLRX	DDJRX	DDJIX	PBBIX
PGEIX		0.41	0.4	-0.3	-0.31	0.5	0.5	0.81	0.8	0.63	PGEIX
PGIIX	0.41		1.0	-0.42	-0.42	0.96	0.96	0.72	0.71	0.66	PGIIX
PGIRX	0.4	1.0		-0.41	-0.41	0.96	0.96	0.71	0.71	0.66	PGIRX
POIIX	-0.3	-0.42	-0.41		1.0	-0.58	-0.58	-0.45	-0.47	-0.52	POIIX
POIRX	-0.31	-0.42	-0.41	1.0		-0.58	-0.58	-0.45	-0.48	-0.52	POIRX
POLIX	0.5	0.96	0.96	-0.58	-0.58		1.0	0.8	0.8	0.73	POLIX
POLRX	0.5	0.96	0.96	-0.58	-0.58	1.0		0.8	0.8	0.72	POLRX
DDJRX	0.81	0.72	0.71	-0.45	-0.45	0.8	0.8		0.99	0.83	DDJRX
DDJIX	0.8	0.71	0.71	-0.47	-0.48	0.8	0.8	0.99		0.84	DDJIX
PBBIX	0.63	0.66	0.66	-0.52	-0.52	0.73	0.72	0.83	0.84		PBBIX
	PGEIX	PGIIX	PGIRX	POIIX	POIRX	POLIX	POLRX	DDJRX	DDJIX	PBBIX

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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

PGIRX	+ 1.0	PGIIX
POIRX	+ 1.0	POIIX
POLRX	+ 1.0	POLIX
DDJIX	+ 0.99	DDJRX
POLIX	+ 0.96	PGIIX
POLRX	+ 0.96	PGIIX

High negative correlations

POLRX	- 0.58	POIRX
POLIX	- 0.58	POIRX
POLRX	- 0.58	POIIX
POLIX	- 0.58	POIIX
PBBIX	- 0.52	POIRX
PBBIX	- 0.52	POIIX

Risk-Adjusted Indicators

There is a big difference between Polen Mutual Fund performing well and Polen Us 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 Us' 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
PGEIX	0.90	0.05	(0.02)	0.26	0.92	(1.10)	2.17	(1.78)	6.41
PGIIX	0.61	(0.01)	(0.05)	0.11	0.71	(0.63)	1.25	(1.27)	4.07
PGIRX	0.61	(0.01)	(0.05)	0.10	0.71	(0.63)	1.28	(1.26)	4.06
POIIX	0.71	(0.14)	0.00	(0.09)	0.00	0.00	1.48	(1.39)	3.63
POIRX	0.71	(0.14)	0.00	(0.08)	0.00	0.00	1.50	(1.41)	3.62
POLIX	0.64	0.03	0.01	0.16	0.67	(0.70)	1.29	(1.38)	4.47
POLRX	0.64	0.03	0.01	0.16	0.67	(0.72)	1.29	(1.39)	4.47
DDJRX	0.08	0.01	(0.59)	0.20	0.00	(0.16)	0.14	(0.14)	0.55
DDJIX	0.08	0.01	(0.57)	0.26	0.00	(0.14)	0.14	(0.14)	0.55
PBBIX	0.12	0.01	(0.64)	0.23	0.00	(0.19)	0.29	(0.20)	0.98

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