Pear Tree Correlations

QFVIX Fund  USD 27.33  0.13  0.48%   
The current 90-days correlation between Pear Tree Polaris and Edgewood Growth Fund is 0.5 (i.e., Very weak 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

Significant diversification

The correlation between Pear Tree Polaris and DJI is 0.05 (i.e., Significant 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 gross domestic product.

Moving together with Pear Mutual Fund

  0.99DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark International Steady GrowthPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.98OAKIX Oakmark International Steady GrowthPairCorr
  0.85OAYIX Oakmark International Steady GrowthPairCorr
  0.98OAZIX Oakmark International Steady GrowthPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.98VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.74PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.74PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.77FGPMX Franklin Gold And Steady GrowthPairCorr
  0.67FRGOX Franklin Gold Precious Steady GrowthPairCorr
  0.66MIDSX Midas Fund MidasPairCorr
  0.67FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.87CVLOX Calamos Global GrowthPairCorr
  0.82MAUKX Pioneer Multi AssetPairCorr

Moving against Pear Mutual Fund

  0.36TRV The Travelers CompaniesPairCorr

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.