Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QBNAX Fund  USD 35.33  0.08  0.23%   
The current 90-days correlation between Pear Tree Polaris and Jpmorgan Diversified Fund is 0.79 (i.e., Poor diversification). The correlation of Pear Tree 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.

Pear Tree Correlation With Market

Good diversification

The correlation between Pear Tree Polaris and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Polaris 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 Pear Tree Polaris. 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 nation.

Moving together with Pear Mutual Fund

  0.92GEOSX Essex EnvironmentalPairCorr
  0.87QUSOX Pear Tree PolarisPairCorr
  0.89QFVOX Pear Tree PolarisPairCorr
  0.89QFVRX Pear Tree PolarisPairCorr
  0.9QISOX Pear Tree PolarisPairCorr
  0.93VISVX Vanguard Small CapPairCorr
  0.92DFSVX Us Small CapPairCorr
  0.98UBVAX Undiscovered ManagersPairCorr
  0.97AVFIX American Beacon SmallPairCorr
  0.77FSMMX Fs Multi StrategyPairCorr
  0.87BTMPX Ishares Msci EafePairCorr
  0.89BTMKX Blackrock InternationalPairCorr
  0.87MDIIX Blackrock Intern IndexPairCorr
  0.63SPMPX Invesco Steelpath MlpPairCorr
  0.62SPMJX Invesco Steelpath MlpPairCorr
  0.92BFTIX Baron Fifth AvenuePairCorr
  0.92LIDPX Blackrock Lifepath IndexPairCorr
  0.95SIPIX Simt Mid CapPairCorr
  0.91TSWMX Tsw Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pear Mutual Fund performing well and Pear Tree 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 Pear Tree'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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