Polen Global Correlations

Mutual Funds . USA . 
Fund . Polen Global Growth
PGIIX Fund  USD 25.70  0.01  0.04%   
The correlation of Polen 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.

Polen Global Correlation With Market

Significant diversification

The correlation between Polen Global Growth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polen Global 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 Global 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 gross domestic product.

Moving together with Polen Mutual Fund

  0.79PGIRX Polen Global GrowthPairCorr
  0.67POIIX Polen InternationalPairCorr
  0.68POIRX Polen InternationalPairCorr
  0.99POLIX Polen GrowthPairCorr
  0.99POLRX Polen GrowthPairCorr
  0.8PBMIX Polen SmidPairCorr
  0.83PBSIX Polen Small PanyPairCorr
  0.83PBSRX Polen SmallPairCorr
  0.83PBSYX Polen SmallPairCorr
  0.91FNFPX American Funds NewPairCorr
  0.91FFPNX American Funds NewPairCorr
  0.92NPFCX New PerspectivePairCorr
  0.91ANWPX New PerspectivePairCorr
  0.91NPFFX New PerspectivePairCorr
  0.91CNPAX New PerspectivePairCorr
  0.92CNPEX New PerspectivePairCorr
  0.91CNPFX New PerspectivePairCorr
  0.92CNPCX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.76ASG Liberty All StarPairCorr
  0.93CII Blackrock EnhancedPairCorr
  0.92ETV Eaton Vance TaxPairCorr
  0.81CLM Cornerstone StrategicPairCorr
  0.75CRF Cornerstone StrategicPairCorr
  0.93USA Liberty All StarPairCorr
  0.94ETY Eaton Vance TaxPairCorr
  0.89NFJ Virtus Dividend InterestPairCorr

Moving against Polen Mutual Fund

  0.54PBKIX Polen Bank LoanPairCorr
  0.38AGVCX Invesco GovernmentPairCorr
  0.32JSNCX Jhancock Short DurationPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PEQBX
+ 1.0
PNOBX
POVBX
+ 1.0
PNOBX
PGNBX
+ 1.0
PNOBX
POVBX
+ 1.0
PEQBX
PGNBX
+ 1.0
PEQBX
PGNBX
+ 1.0
POVBX
  
High negative correlations   
PGNBX
- 0.0
POLIX
POVBX
- 0.0
POLIX
PEQBX
- 0.0
POLIX
POLIX
- 0.0
PNOBX

Risk-Adjusted Indicators

There is a big difference between Polen Mutual Fund performing well and Polen 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 Polen 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.

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