Polen Us Correlations

PBSRX Fund

USD 13.49 0.08 0.60%

The current 90-days correlation between Polen Small and Calamos Market Neutral is 0.62 (i.e., Poor diversification). The correlation of Polen Us 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 Us Correlation With Market

Poor diversification

The correlation between Polen Small and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen Small 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 Small. 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

0.79	PGIIX	Polen Global Growth	Pair Corr
0.8	PGIRX	Polen Global Growth	Pair Corr
0.83	POLIX	Polen Growth	Pair Corr
0.92	PBMIX	Polen Smid	Pair Corr
0.93	PBSIX	Polen Small Pany	Pair Corr
0.61	PBSYX	Polen Small	Pair Corr
0.65	VSGIX	Vanguard Small Cap	Pair Corr
0.65	VISGX	Vanguard Small Cap	Pair Corr
0.62	JGMIX	Janus Triton	Pair Corr
0.62	JGMAX	Janus Triton	Pair Corr
0.62	JGMCX	Janus Triton	Pair Corr

Moving against Polen Mutual Fund

0.45	PBKIX	Polen Bank Loan Trending	Pair Corr
0.32	PGEIX	Prnpl Inv Fd	Pair Corr
0.68	MSPGX	Massmutual Select Total	Pair Corr
0.66	FTLTX	Fidelity Series Long	Pair Corr
0.66	RFACX	Investment Grade Bond	Pair Corr
0.63	PUBCX	Pimco Unconstrained Bond	Pair Corr
0.63	WCBFIX	Wilmington Trust Col	Pair Corr
0.47	VFWAX	Vanguard Ftse All	Pair Corr
0.4	TRLDX	T Rowe Price	Pair Corr
0.39	JAADX	Jhvit International Small	Pair Corr
0.35	BIIPX	Blackrock Short Term	Pair Corr
0.34	NHS	Neuberger Berman High	Pair Corr
0.31	RRRRX	Deutsche Real Estate	Pair Corr
0.66	FSIGX	Fidelity Series Inve	Pair Corr
0.63	JFESX	Jpmorgan Intrepid	Pair Corr

Related Correlations Analysis

	CMNIX	CDHIX	FXOKX	REMVX	TEDMX	SEDAX
CMNIX		0.77	0.83	0.61	0.67	0.79	CMNIX
CDHIX	0.77		0.93	0.87	0.88	0.96	CDHIX
FXOKX	0.83	0.93		0.88	0.89	0.94	FXOKX
REMVX	0.61	0.87	0.88		0.97	0.89	REMVX
TEDMX	0.67	0.88	0.89	0.97		0.88	TEDMX
SEDAX	0.79	0.96	0.94	0.89	0.88		SEDAX
	CMNIX	CDHIX	FXOKX	REMVX	TEDMX	SEDAX

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Risk-Adjusted Indicators

There is a big difference between Polen Mutual Fund performing well and Polen Us 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 Us' 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
CMNIX	0.11	0.02	0.61	0.05	0.05	(0.14)	0.27	(0.26)	0.80
CDHIX	0.70	0.04	0.16	(0.32)	0.85	(0.73)	1.44	(1.51)	4.90
FXOKX	0.74	0.14	0.15	0.11	0.98	(0.78)	1.39	(1.38)	6.15
REMVX	0.80	0.13	0.17	0.15	0.92	(0.89)	1.67	(1.56)	5.76
TEDMX	0.82	0.11	0.15	0.12	0.97	(0.90)	1.78	(1.81)	5.23
SEDAX	0.24	0.03	0.37	0.31	0.18	(0.33)	0.59	(0.36)	1.19

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