Polen International Correlations

Mutual Funds . USA . 
Fund . Polen International Growth
POIRX Fund  USD 15.97  0.25  1.54%   
The current 90-days correlation between Polen International and Polen Growth Fund is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between Polen International Growth and DJI is 0.92 (i.e., Almost no 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

  0.94PGEIX Prnpl Inv FdPairCorr
  0.97PGIIX Polen Global GrowthPairCorr
  0.97PGIRX Polen Global GrowthPairCorr
  1.0POIIX Polen InternationalPairCorr
  0.86POLIX Polen GrowthPairCorr
  0.95POLRX Polen GrowthPairCorr
  0.94DDJRX Ddj Opportunistic HighPairCorr
  0.94DDJIX Ddj Opportunistic HighPairCorr
  0.95PBMIX Polen SmidPairCorr
  0.96PBSIX Polen Small PanyPairCorr
  0.95PBSRX Polen SmallPairCorr
  0.85PBSYX Polen SmallPairCorr
  0.96RERFX Europacific GrowthPairCorr
  0.96AEPFX Europacific GrowthPairCorr
  0.96CEUAX Europacific GrowthPairCorr
  0.9CEUCX Europacific GrowthPairCorr
  0.96RERCX Europacific GrowthPairCorr
  0.96REREX Europacific GrowthPairCorr
  0.96RERGX Europacific GrowthPairCorr
  0.9CEUFX Europacific GrowthPairCorr
  0.96CEUEX Europacific GrowthPairCorr
  0.96RERAX Europacific GrowthPairCorr
  0.73PDI Pimco Dynamic IncomePairCorr
  0.81FTCAX Templeton Strained BondPairCorr
  0.94TWGGX Global GrowthPairCorr
  0.95CBDYX Columbia BalancedPairCorr
  0.95SUPCX Deutsche Multi AssetPairCorr
  0.83TVRVX Third Avenue RealPairCorr
  0.86PARMX Parnassus Mid CapPairCorr
  0.92PBCKX Blue Chip FundPairCorr

Moving against Polen Mutual Fund

  0.97UIPIX Ultrashort Mid CapPairCorr
  0.9USPSX Profunds UltrashortPairCorr
  0.84USPIX Profunds UltrashortPairCorr
  0.57TCSUX Cleartrack 2020 ClassPairCorr
  0.5TCTGX Transamerica CleartrackPairCorr
  0.49TDKTX Cleartrack 2015 ClassPairCorr
  0.49TCTJX Transamerica CleartrackPairCorr

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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