Polen International Growth Fund Market Value
| POIIX Fund | USD 16.41 0.02 0.12% |
| Symbol | Polen |
Polen International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Polen International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Polen International.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Polen International on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Polen International Growth or generate 0.0% return on investment in Polen International over 30 days. Polen International is related to or competes with Polen Growth, Congress Mid, Polen Global, Zacks Dividend, and Polen Us. The fund typically invests in a focused portfolio of approximately 25 to 35 common stocks of large capitalization compan... More
Polen International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Polen International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Polen International Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.48 |
Polen International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polen International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polen International's standard deviation. In reality, there are many statistical measures that can use Polen International historical prices to predict the future Polen International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.27) |
Polen International Backtested Returns
Polen International maintains Sharpe Ratio (i.e., Efficiency) of -0.0623, which implies the entity had a -0.0623% return per unit of risk over the last 3 months. Polen International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polen International's Coefficient Of Variation of (2,377), risk adjusted performance of (0.03), and Variance of 0.7792 to confirm the risk estimate we provide. The fund holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polen International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polen International is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Polen International Growth has good predictability. Overlapping area represents the amount of predictability between Polen International time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Polen International price movement. The serial correlation of 0.78 indicates that around 78.0% of current Polen International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Polen International lagged returns against current returns
Autocorrelation, which is Polen International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Polen International's mutual fund expected returns. We can calculate the autocorrelation of Polen International returns to help us make a trade decision. For example, suppose you find that Polen International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Polen International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Polen International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polen International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polen International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Polen International Lagged Returns
When evaluating Polen International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polen International mutual fund have on its future price. Polen International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Polen International autocorrelation shows the relationship between Polen International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Polen International Growth.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Polen Mutual Fund
Polen International financial ratios help investors to determine whether Polen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Polen with respect to the benefits of owning Polen International security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |