Polen International Correlations

POIRX Fund

USD 16.16 0.02 0.12%

The current 90-days correlation between Polen International and Polen Growth Fund is 0.61 (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

Very weak diversification

The correlation between Polen International Growth and DJI is 0.59 (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

1.0	POIIX	Polen International	Pair Corr
0.64	RERFX	Europacific Growth	Pair Corr
0.73	AEPFX	Europacific Growth	Pair Corr
0.73	CEUAX	Europacific Growth	Pair Corr
0.66	CEUCX	Europacific Growth	Pair Corr
0.73	RERCX	Europacific Growth	Pair Corr
0.73	REREX	Europacific Growth	Pair Corr
0.73	RERGX	Europacific Growth	Pair Corr
0.73	CEUFX	Europacific Growth	Pair Corr
0.65	CEUEX	Europacific Growth	Pair Corr
0.74	RERAX	Europacific Growth	Pair Corr

Moving against POLEN Mutual Fund

0.58	PBKIX	Polen Bank Loan	Pair Corr
0.53	POLIX	Polen Growth	Pair Corr
0.53	PBSRX	Polen Small	Pair Corr
0.53	PBSYX	Polen Small	Pair Corr
0.48	PBMIX	Polen Smid	Pair Corr
0.48	PBSIX	Polen Small Pany	Pair Corr
0.45	POLRX	Polen Growth	Pair Corr
0.4	PBBIX	Fundvantage Trust	Pair Corr
0.35	DDJIX	Ddj Opportunistic High	Pair Corr
0.34	PGIIX	Polen Global Growth	Pair Corr
0.33	PGIRX	Polen Global Growth	Pair Corr
0.32	DDJRX	Ddj Opportunistic High	Pair Corr
0.79	QREARX	Teachers Insurance And	Pair Corr
0.63	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.63	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	KINCX	Kinetics Internet	Pair Corr
0.63	LFROX	Lord Abbett Floating	Pair Corr
0.62	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.62	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.62	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.62	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.62	RYBKX	Banking Fund Class	Pair Corr
0.51	LETRX	Voya Russia Fund	Pair Corr
0.43	VFIAX	Vanguard 500 Index	Pair Corr
0.43	MIEYX	Mm Sp 500	Pair Corr
0.38	GOODX	Goodhaven Fund Goodhaven	Pair Corr
0.33	TRLCX	Tiaa-cref Large-cap	Pair Corr

Related Correlations Analysis

	POLRX	POLIX	PGIRX	PBSRX	PBIRX
POLRX		0.81	0.74	0.76	0.0	POLRX
POLIX	0.81		0.85	0.95	0.0	POLIX
PGIRX	0.74	0.85		0.86	0.0	PGIRX
PBSRX	0.76	0.95	0.86		0.0	PBSRX
PBIRX	0.0	0.0	0.0	0.0		PBIRX
	POLRX	POLIX	PGIRX	PBSRX	PBIRX

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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

PBSRX	+ 0.95	POLIX
PBSRX	+ 0.86	PGIRX
PGIRX	+ 0.85	POLIX
POLIX	+ 0.81	POLRX
PBSRX	+ 0.76	POLRX
PGIRX	+ 0.74	POLRX

High negative correlations

PBIRX	- 0.0	PBSRX
PBIRX	- 0.0	PGIRX
PBIRX	- 0.0	POLIX
PBIRX	- 0.0	POLRX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
POLRX	0.66	0.04	0.01	0.16	0.68	(0.73)	1.29	(1.39)	4.47
POLIX	0.64	0.10	0.00	0.89	0.67	(0.70)	1.29	(1.38)	4.47
PGIRX	0.61	(0.01)	(0.06)	0.10	0.72	(0.62)	1.28	(1.26)	4.06
PBSRX	0.96	0.16	0.06	0.73	0.94	(1.04)	2.16	(1.36)	7.09
PBIRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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