Polaris Global Correlations

PGVFX Fund

USD 34.97 0.04 0.11%

The current 90-days correlation between Polaris Global Value and Federated Municipal Ultrashort is 0.2 (i.e., Modest diversification). The correlation of Polaris Global 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.

Polaris Global Correlation With Market

Poor diversification

The correlation between Polaris Global Value and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polaris Global Value 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 Polaris Global Value. 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 census.

Moving together with Polaris Mutual Fund

0.99	TEDRX	Franklin Mutual Global	Pair Corr
0.99	FMDRX	Franklin Mutual Global	Pair Corr
0.99	DOXWX	Dodge Cox Global	Pair Corr
0.99	DODWX	Dodge Global Stock	Pair Corr
0.95	TRZRX	T Rowe Price	Pair Corr
0.99	TEDIX	Franklin Mutual Global	Pair Corr
0.99	MDISX	Franklin Mutual Global	Pair Corr
0.99	TEDSX	Franklin Mutual Global	Pair Corr
0.94	PRAFX	T Rowe Price	Pair Corr
0.99	BEGRX	Franklin Mutual Beacon	Pair Corr
0.91	FSMMX	Fs Multi Strategy	Pair Corr
0.97	BTMPX	Ishares Msci Eafe	Pair Corr
0.97	BTMKX	Blackrock International	Pair Corr
0.97	MDIIX	Blackrock Intern Index	Pair Corr
0.69	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.7	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.98	RNGGX	New Economy Fund	Pair Corr
0.78	PFONX	Pimco International Bond	Pair Corr
0.97	PXCCX	Invesco Select Risk	Pair Corr
0.98	MRMLX	Massmutual Retiresmart	Pair Corr
0.98	RNGHX	New Economy Fund	Pair Corr
0.98	FKHEMX	Fkhemx	Pair Corr
0.88	BCIAX	California Intermediate-ter	Pair Corr
0.97	FDSCX	Fidelity Stock Selector	Pair Corr
0.99	SWHCX	Strategic Asset Mana	Pair Corr
0.98	RNGFX	New Economy Fund	Pair Corr
0.9	CENAX	American Funds Lege	Pair Corr
0.98	FFTYX	Ab Flexfee Thematic	Pair Corr
0.99	RIDCX	Income Fund	Pair Corr
0.89	DLEUX	Doubleline Shiller	Pair Corr
0.82	RYVIX	Energy Services	Pair Corr
0.94	PLUDX	Pacific Funds Ultra	Pair Corr
0.71	OTRFX	Ontrack E Fund	Pair Corr
0.97	MMMSX	Victory Integrity	Pair Corr
0.95	CCGSX	Chautauqua Global Growth	Pair Corr
0.91	FGUAX	Federated Government	Pair Corr

Related Correlations Analysis

	PGVFX	FMUUX	HRLTX	IEYAX	NWKEX	MPIBX	HCMQX	ALCEX	NPSFX	FSPTX
PGVFX		0.94	0.95	0.97	0.93	0.75	0.97	0.98	0.98	0.98	PGVFX
FMUUX	0.94		0.96	0.94	0.82	0.83	0.96	0.93	0.98	0.95	FMUUX
HRLTX	0.95	0.96		0.95	0.82	0.81	0.93	0.93	0.98	0.95	HRLTX
IEYAX	0.97	0.94	0.95		0.92	0.73	0.97	0.98	0.97	0.98	IEYAX
NWKEX	0.93	0.82	0.82	0.92		0.59	0.89	0.96	0.88	0.91	NWKEX
MPIBX	0.75	0.83	0.81	0.73	0.59		0.79	0.73	0.83	0.76	MPIBX
HCMQX	0.97	0.96	0.93	0.97	0.89	0.79		0.97	0.97	0.98	HCMQX
ALCEX	0.98	0.93	0.93	0.98	0.96	0.73	0.97		0.96	0.98	ALCEX
NPSFX	0.98	0.98	0.98	0.97	0.88	0.83	0.97	0.96		0.98	NPSFX
FSPTX	0.98	0.95	0.95	0.98	0.91	0.76	0.98	0.98	0.98		FSPTX
	PGVFX	FMUUX	HRLTX	IEYAX	NWKEX	MPIBX	HCMQX	ALCEX	NPSFX	FSPTX

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Risk-Adjusted Indicators

There is a big difference between Polaris Mutual Fund performing well and Polaris Global 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 Polaris Global'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
PGVFX	0.46	0.14	0.11	0.42	0.20	(0.55)	1.16	(0.96)	2.82
FMUUX	0.04	0.01	0.00	0.77	0.00	0.00	0.10	0.00	0.40
HRLTX	0.31	0.09	(0.07)	1.23	0.00	(0.41)	0.81	(0.54)	1.58
IEYAX	0.61	0.14	0.09	0.39	0.52	(0.68)	1.68	(1.12)	3.73
NWKEX	0.93	(0.04)	(0.02)	0.10	1.01	(1.01)	1.95	(2.13)	6.10
MPIBX	0.16	0.01	(0.50)	0.65	0.05	(0.19)	0.25	(0.33)	0.76
HCMQX	0.73	0.12	0.12	0.27	0.53	(0.86)	1.57	(1.44)	5.22
ALCEX	0.69	0.06	0.06	0.20	0.59	(0.79)	1.79	(1.31)	5.35
NPSFX	0.13	0.06	(0.41)	0.91	0.00	(0.18)	0.39	(0.13)	0.83
FSPTX	1.06	0.30	0.25	0.40	0.76	(1.28)	2.85	(1.71)	7.18

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Polaris Global Correlations

Polaris Global Correlation With Market

Poor diversification

Moving together with Polaris Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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