Is Polyx Oil waterproof?

I have a query regarding the properties of Polyx Oil. Could you elaborate on whether Polyx Oil is waterproof? I'm particularly interested in its ability to repel water and resist moisture penetration. This information is crucial for me as I'm considering using it for an outdoor application where exposure to rain and humidity is inevitable. Understanding its waterproof capabilities would help me determine if it's the right product for my needs. Could you also provide any additional details on its durability and long-term performance in such environments? Thank you for your assistance.