Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QBNAX Fund  USD 35.24  0.37  1.06%   
The current 90-days correlation between Pear Tree Polaris and Barings High Yield is -0.02 (i.e., Good 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

Very poor diversification

The correlation between Pear Tree Polaris and DJI is 0.8 (i.e., Very poor 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

  0.91GEORX Pear Tree EssexPairCorr
  0.93GEOSX Essex EnvironmentalPairCorr
  0.95USBOX Pear Tree QualityPairCorr
  1.0USBNX Pear Tree PolarisPairCorr
  0.93EEOFX Essex EnvironmentalPairCorr
  0.89QUSOX Pear Tree PolarisPairCorr
  0.89QUSIX Pear Tree PolarisPairCorr
  0.88QUSRX Pear Tree PolarisPairCorr
  0.91QFVIX Pear Tree PolarisPairCorr
  0.91QFVOX Pear Tree PolarisPairCorr
  0.89QFVRX Pear Tree PolarisPairCorr
  0.95QGIAX Pear Tree QualityPairCorr
  0.92QISIX Pear Tree PolarisPairCorr
  0.91QISRX Pear Tree PolarisPairCorr
  0.91QISOX Pear Tree PolarisPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.98DFFVX Us Targeted ValuePairCorr
  0.98UBVCX Undiscovered ManagersPairCorr
  0.94UBVAX Undiscovered ManagersPairCorr
  0.94UBVSX Undiscovered ManagersPairCorr
  0.94AVFIX American Beacon SmallPairCorr
  0.69NHS Neuberger Berman HighPairCorr
  0.94JLGRX Jpmorgan Large CapPairCorr
  0.92PSCIX Palmer Square SsiPairCorr
  0.86VWINX Vanguard Wellesley IncomePairCorr
  0.95TRFHX T Rowe PricePairCorr
  0.82CUSOX Columbia Ultra ShortPairCorr
  0.97LAGIX Ladenburg AggressivePairCorr
  0.93PFIOX Pfg Invesco ThematicPairCorr
  0.95CEIZX Manning Napier CallodinePairCorr
  0.79PBMXX Prudential GovernmentPairCorr
  0.91CFIGX Columbia Flexible CapitalPairCorr
  0.92ISNGX Voya Solution 2030PairCorr
  0.89PISJX Columbia Pyrford IntPairCorr
  0.9AMECX Income FundPairCorr
  0.95GQESX Gmo Quality FundPairCorr

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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