Polen International Correlations

Mutual Funds . USA . 
Fund . Polen International Growth
POIIX Fund  USD 16.41  0.02  0.12%   
The current 90-days correlation between Polen International and Polen Growth Fund is 0.04 (i.e., Significant 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

Average diversification

The correlation between Polen International Growth and DJI is 0.15 (i.e., Average 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 gross domestic product.

Moving together with Polen Mutual Fund

  0.75RERFX Europacific GrowthPairCorr
  0.69AEPFX Europacific GrowthPairCorr
  0.7CEUAX Europacific GrowthPairCorr
  0.77CEUCX Europacific GrowthPairCorr
  0.7RERCX Europacific GrowthPairCorr
  0.69REREX Europacific GrowthPairCorr
  0.69RERGX Europacific GrowthPairCorr
  0.69CEUFX Europacific GrowthPairCorr
  0.76CEUEX Europacific GrowthPairCorr
  0.71RERAX Europacific GrowthPairCorr

Moving against Polen Mutual Fund

  0.7PBKIX Polen Bank LoanPairCorr
  0.7KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.69KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.58POLRX Polen GrowthPairCorr
  0.51POLIX Polen GrowthPairCorr
  0.38PGIIX Polen Global GrowthPairCorr
  0.37PBSIX Polen Small PanyPairCorr
  0.76QREARX Teachers Insurance AndPairCorr
  0.73LFROX Lord Abbett FloatingPairCorr
  0.7WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.7KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.7KINCX Kinetics InternetPairCorr
  0.69KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.68KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.68KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.68LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.55LETRX Voya Russia FundPairCorr
  0.47RYBKX Banking Fund ClassPairCorr
  0.45VFIAX Vanguard 500 IndexPairCorr
  0.45VFINX Vanguard 500 IndexPairCorr
  0.45VMIDX Mid Cap IndexPairCorr
  0.43MIEYX Mm Sp 500PairCorr
  0.37GIOAX Guggenheim Macro OppPairCorr
  0.33GOODX Goodhaven Fund GoodhavenPairCorr

Related Correlations Analysis

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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.

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