Polen Us Correlations

PBSRX Fund

USD 15.95 0.17 1.05%

The current 90-days correlation between Polen Small 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 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 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. 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

0.94	PGIIX	Polen Global Growth	Pair Corr
0.94	PGIRX	Polen Global Growth	Pair Corr
0.93	POLIX	Polen Growth	Pair Corr
0.93	POLRX	Polen Growth	Pair Corr
0.76	DDJRX	Ddj Opportunistic High	Pair Corr
0.74	DDJIX	Ddj Opportunistic High	Pair Corr
0.64	PBBIX	Fundvantage Trust	Pair Corr
0.75	PBKIX	Polen Bank Loan	Pair Corr
0.97	PBMIX	Polen Smid	Pair Corr
1.0	PBSIX	Polen Small Pany	Pair Corr
1.0	PBSYX	Polen Small	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.97	VEXPX	Vanguard Explorer	Pair Corr
0.97	VEXRX	Vanguard Explorer	Pair Corr
0.96	JGMIX	Janus Triton	Pair Corr
0.96	JGMRX	Janus Triton	Pair Corr
0.96	JGMAX	Janus Triton	Pair Corr
0.96	JGMCX	Janus Triton	Pair Corr
0.96	JGMNX	Janus Triton	Pair Corr
0.95	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.95	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.95	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.95	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.95	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.95	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.95	KINCX	Kinetics Internet	Pair Corr
0.95	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.95	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.96	LMBAX	Qs Small Capitalization	Pair Corr
0.91	USA	Liberty All Star	Pair Corr
0.86	FPURX	Fidelity Puritan	Pair Corr

Moving against Polen Mutual Fund

0.55	POIRX	Polen International	Pair Corr
0.54	POIIX	Polen International	Pair Corr

Related Correlations Analysis

	PGEIX	PGIIX	PGIRX	POIIX	POIRX	POLIX	POLRX	DDJRX	DDJIX	PBBIX
PGEIX		0.36	0.35	-0.27	-0.27	0.44	0.43	0.77	0.79	0.59	PGEIX
PGIIX	0.36		1.0	-0.45	-0.45	0.97	0.97	0.74	0.71	0.67	PGIIX
PGIRX	0.35	1.0		-0.44	-0.45	0.97	0.97	0.74	0.71	0.67	PGIRX
POIIX	-0.27	-0.45	-0.44		1.0	-0.58	-0.58	-0.41	-0.44	-0.48	POIIX
POIRX	-0.27	-0.45	-0.45	1.0		-0.59	-0.58	-0.41	-0.44	-0.48	POIRX
POLIX	0.44	0.97	0.97	-0.58	-0.59		1.0	0.81	0.79	0.71	POLIX
POLRX	0.43	0.97	0.97	-0.58	-0.58	1.0		0.81	0.79	0.71	POLRX
DDJRX	0.77	0.74	0.74	-0.41	-0.41	0.81	0.81		0.96	0.8	DDJRX
DDJIX	0.79	0.71	0.71	-0.44	-0.44	0.79	0.79	0.96		0.8	DDJIX
PBBIX	0.59	0.67	0.67	-0.48	-0.48	0.71	0.71	0.8	0.8		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
POLIX	+ 0.97	PGIIX
POLRX	+ 0.97	PGIIX
POLIX	+ 0.97	PGIRX

High negative correlations

POLIX	- 0.59	POIRX
POLRX	- 0.58	POIRX
POLRX	- 0.58	POIIX
POLIX	- 0.58	POIIX
PBBIX	- 0.48	POIRX
PBBIX	- 0.48	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	0.89	0.08	0.01	0.31	0.86	(1.07)	2.17	(1.78)	6.41
PGIIX	0.61	(0.01)	(0.05)	0.10	0.72	(0.63)	1.25	(1.27)	4.07
PGIRX	0.62	(0.01)	(0.05)	0.10	0.72	(0.63)	1.28	(1.26)	4.06
POIIX	0.71	(0.07)	0.00	(0.27)	0.00	0.00	1.48	(1.39)	3.63
POIRX	0.71	(0.07)	0.00	(0.27)	0.00	0.00	1.50	(1.41)	3.62
POLIX	0.66	0.04	0.02	0.16	0.68	(0.71)	1.29	(1.38)	4.47
POLRX	0.66	0.04	0.01	0.16	0.68	(0.73)	1.29	(1.39)	4.47
DDJRX	0.08	0.00	(0.58)	0.18	0.00	(0.15)	0.14	(0.14)	0.55
DDJIX	0.07	0.01	(0.55)	2.11	0.00	(0.14)	0.14	(0.14)	0.41
PBBIX	0.12	0.01	(0.63)	0.22	0.00	(0.19)	0.29	(0.20)	0.98

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