Polen Us Correlations

PBSYX Fund

USD 13.63 0.36 2.71%

The current 90-days correlation between Polen Small and Prnpl Inv Fd is 0.49 (i.e., Very weak 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 0.68 (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 manufacturing.

Moving together with Polen Mutual Fund

0.81	PGIIX	Polen Global Growth	Pair Corr
0.81	PGIRX	Polen Global Growth	Pair Corr
0.83	POLIX	Polen Growth	Pair Corr
0.83	POLRX	Polen Growth	Pair Corr
0.99	PBMIX	Polen Smid	Pair Corr
1.0	PBSIX	Polen Small Pany	Pair Corr
1.0	PBSRX	Polen Small	Pair Corr
0.99	VSGAX	Vanguard Small Cap	Pair Corr
0.99	VSGIX	Vanguard Small Cap	Pair Corr
0.99	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.92	VEXRX	Vanguard Explorer	Pair Corr
0.97	JGMIX	Janus Triton	Pair Corr
0.97	JGMRX	Janus Triton	Pair Corr
0.97	JGMAX	Janus Triton	Pair Corr
0.98	JGMCX	Janus Triton	Pair Corr
0.97	JGMNX	Janus Triton	Pair Corr

Moving against Polen Mutual Fund

0.5	PBKIX	Polen Bank Loan Trending	Pair Corr
0.65	VARBX	Vivaldi Merger Arbitrage	Pair Corr
0.58	KGGIX	Kopernik Global All	Pair Corr
0.54	SAHMX	Sa International Value	Pair Corr
0.47	FHKIX	Fidelity China Region	Pair Corr
0.46	BTMKX	Blackrock International	Pair Corr
0.45	BTMPX	Ishares Msci Eafe	Pair Corr
0.45	MDIIX	Blackrock Intern Index	Pair Corr
0.45	FGFCX	Federated International	Pair Corr
0.44	PAPIX	Princeton Adaptive	Pair Corr

Related Correlations Analysis

	PGEIX	PGIIX	PGIRX	POIIX	POIRX	POLIX	POLRX	DDJRX	DDJIX	PBBIX
PGEIX		0.35	0.35	0.77	0.77	0.29	0.28	0.5	0.54	0.75	PGEIX
PGIIX	0.35		1.0	0.69	0.7	0.99	0.99	0.25	0.24	0.29	PGIIX
PGIRX	0.35	1.0		0.69	0.69	0.99	0.99	0.24	0.24	0.29	PGIRX
POIIX	0.77	0.69	0.69		1.0	0.64	0.64	0.73	0.74	0.79	POIIX
POIRX	0.77	0.7	0.69	1.0		0.65	0.64	0.73	0.74	0.78	POIRX
POLIX	0.29	0.99	0.99	0.64	0.65		1.0	0.2	0.2	0.22	POLIX
POLRX	0.28	0.99	0.99	0.64	0.64	1.0		0.19	0.19	0.21	POLRX
DDJRX	0.5	0.25	0.24	0.73	0.73	0.2	0.19		0.99	0.82	DDJRX
DDJIX	0.54	0.24	0.24	0.74	0.74	0.2	0.19	0.99		0.83	DDJIX
PBBIX	0.75	0.29	0.29	0.79	0.78	0.22	0.21	0.82	0.83		PBBIX
	PGEIX	PGIIX	PGIRX	POIIX	POIRX	POLIX	POLRX	DDJRX	DDJIX	PBBIX

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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
PGEIX	0.86	0.06	0.11	0.04	1.08	(0.91)	1.74	(2.01)	5.93
PGIIX	0.79	(0.05)	0.00	(0.17)	0.00	0.00	1.35	(2.19)	4.47
PGIRX	0.78	(0.05)	0.00	(0.17)	0.00	0.00	1.39	(2.21)	4.40
POIIX	0.74	0.03	0.00	(0.08)	0.00	0.00	1.76	(1.91)	5.09
POIRX	0.74	0.02	0.00	(0.08)	0.00	0.00	1.72	(1.94)	5.10
POLIX	0.81	(0.07)	0.00	(0.19)	0.00	0.00	1.38	(2.39)	4.52
POLRX	0.81	(0.07)	0.00	(0.19)	0.00	0.00	1.39	(2.40)	4.54
DDJRX	0.09	0.00	0.41	(0.14)	0.11	(0.15)	0.14	(0.28)	0.70
DDJIX	0.09	0.00	0.43	(0.09)	0.10	(0.15)	0.14	(0.28)	0.70
PBBIX	0.17	0.00	0.00	(0.15)	0.00	0.00	0.50	(0.29)	1.19

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