Polen Global Correlations

PGIRX Fund

USD 25.03 0.01 0.04%

The current 90-days correlation between Polen Global Growth and Polen Growth Fund is -0.16 (i.e., Good diversification). 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

Poor diversification

The correlation between Polen Global Growth and DJI is 0.73 (i.e., Poor 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 metropolitan statistical area.

Moving together with Polen Mutual Fund

0.79	PGIIX	Polen Global Growth	Pair Corr
0.61	POIIX	Polen International	Pair Corr
0.62	POIRX	Polen International	Pair Corr
0.78	POLIX	Polen Growth	Pair Corr
0.78	POLRX	Polen Growth	Pair Corr
0.76	FNFPX	American Funds New	Pair Corr
0.76	FFPNX	American Funds New	Pair Corr
0.86	NPFCX	New Perspective	Pair Corr
0.76	ANWPX	New Perspective	Pair Corr
0.76	NPFFX	New Perspective	Pair Corr
0.76	CNPAX	New Perspective	Pair Corr
0.77	CNPEX	New Perspective	Pair Corr
0.76	CNPFX	New Perspective	Pair Corr
0.86	CNPCX	New Perspective	Pair Corr
0.77	RNPAX	New Perspective	Pair Corr
0.73	CII	Blackrock Enhanced	Pair Corr
0.68	ETV	Eaton Vance Tax	Pair Corr
0.62	CLM	Cornerstone Strategic	Pair Corr
0.74	USA	Liberty All Star	Pair Corr
0.77	ETY	Eaton Vance Tax	Pair Corr
0.7	NFJ	Virtus Dividend Interest	Pair Corr

Moving against Polen Mutual Fund

0.66	PBKIX	Polen Bank Loan	Pair Corr
0.33	VUSIX	Invesco Quality Income	Pair Corr

Related Correlations Analysis

	POLRX	BGAFX	POLIX	PGIIX	HJPNX
POLRX		0.92	1.0	0.99	0.28	POLRX
BGAFX	0.92		0.92	0.91	0.35	BGAFX
POLIX	1.0	0.92		0.99	0.29	POLIX
PGIIX	0.99	0.91	0.99		0.34	PGIIX
HJPNX	0.28	0.35	0.29	0.34		HJPNX
	POLRX	BGAFX	POLIX	PGIIX	HJPNX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
POLRX	0.79	(0.12)	0.00	12.46	0.00	0.00	1.39	(2.04)	4.45
BGAFX	1.22	(0.11)	0.00	0.67	0.00	0.00	2.12	(3.04)	8.92
POLIX	0.79	(0.11)	0.00	13.23	0.00	0.00	1.38	(2.04)	4.45
PGIIX	0.77	(0.08)	0.00	(14.28)	0.00	0.00	1.35	(2.02)	4.25
HJPNX	0.76	0.04	0.09	(2.12)	1.05	(0.77)	1.34	(1.72)	4.15

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