Polen International Correlations

POIRX Fund  USD 16.55  0.30  1.78%   
The current 90-days correlation between Polen International and Polen Growth Fund is 0.64 (i.e., Poor 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

PolenDowDiversified AwayPolenDowDiversified Away100%

Very weak diversification

The correlation between Polen International Growth and DJI is 0.5 (i.e., Very weak 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 metropolitan statistical area.

Moving together with Polen Mutual Fund

  0.83PGEIX Prnpl Inv FdPairCorr
  0.71PGIIX Polen Global GrowthPairCorr
  0.7PGIRX Polen Global GrowthPairCorr
  1.0POIIX Polen InternationalPairCorr
  0.61DDJRX Ddj Opportunistic HighPairCorr
  0.9PBBIX Fundvantage TrustPairCorr
  0.76RERFX Europacific GrowthPairCorr
  0.76AEPFX Europacific GrowthPairCorr
  0.75CEUAX Europacific GrowthPairCorr
  0.72CEUCX Europacific GrowthPairCorr
  0.74RERCX Europacific GrowthPairCorr
  0.75REREX Europacific GrowthPairCorr
  0.76RERGX Europacific GrowthPairCorr
  0.75CEUFX Europacific GrowthPairCorr
  0.74CEUEX Europacific GrowthPairCorr
  0.72RERAX Europacific GrowthPairCorr
  0.74DLTZX Delaware Limited TermPairCorr
  0.88FEGIX First Eagle GoldPairCorr
  0.8LIFIX Lord Abbett InflationPairCorr
  0.93RRIGX T Rowe PricePairCorr
  0.93ADAVX Alpine Dynamic DividendPairCorr

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.

Trending Assets

PBSRX
Polen Small
14.46  -0.61  -4.05 
POLRX
Polen Growth
45.99  -0.96  -2.04 
POLIX
Polen Growth
47.91  -1  -2.04 
PGIRX
Polen Global Growth
26.46  -0.54  -2