Polen Us Correlations

PBSIX Fund

USD 16.05 0.22 1.39%

The current 90-days correlation between Polen Small Pany 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

Very poor diversification

The correlation between Polen Small Pany and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen Small Pany 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 Small Pany. 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

0.92	PGIIX	Polen Global Growth	Pair Corr
0.92	PGIRX	Polen Global Growth	Pair Corr
0.9	POLIX	Polen Growth	Pair Corr
0.9	POLRX	Polen Growth	Pair Corr
0.69	DDJRX	Ddj Opportunistic High	Pair Corr
0.69	DDJIX	Ddj Opportunistic High	Pair Corr
0.7	PBKIX	Polen Bank Loan	Pair Corr
0.99	PBMIX	Polen Smid	Pair Corr
1.0	PBSRX	Polen Small	Pair Corr
1.0	PBSYX	Polen Small	Pair Corr
0.96	VSGAX	Vanguard Small Cap	Pair Corr
0.96	VSGIX	Vanguard Small Cap	Pair Corr
0.96	VISGX	Vanguard Small Cap	Pair Corr
0.95	VEXPX	Vanguard Explorer	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.94	JGMIX	Janus Triton	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.94	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.94	JGMNX	Janus Triton	Pair Corr
0.88	AMDVX	Mid Cap Value	Pair Corr
0.9	CLM	Cornerstone Strategic	Pair Corr
0.76	TFLCX	Transamerica Floating	Pair Corr
0.64	VFORX	Vanguard Target Reti	Pair Corr
0.89	FSPGX	Fidelity Large Cap	Pair Corr
0.88	RGAGX	Growth Fund	Pair Corr
0.87	USA	Liberty All Star	Pair Corr
0.93	RIFYX	Victory Rs Science	Pair Corr
0.9	SMAPX	Salient Mlp Energy	Pair Corr
0.89	VIIIX	Vanguard Institutional	Pair Corr

Moving against Polen Mutual Fund

0.54	POIIX	Polen International	Pair Corr
0.54	POIRX	Polen International	Pair Corr
0.49	NHS	Neuberger Berman High	Pair Corr
0.36	PFHCX	Pacific Funds Small	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

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC