Pear Tree Correlations

QFVIX Fund  USD 27.12  0.21  0.77%   
The current 90-days correlation between Pear Tree Polaris and Edgewood Growth Fund is -0.07 (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

Weak diversification

The correlation between Pear Tree Polaris and DJI is 0.35 (i.e., Weak 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

  0.95USBOX Pear Tree QualityPairCorr
  0.7USBNX Pear Tree PolarisPairCorr
  0.82EEOFX Essex EnvironmentalPairCorr
  0.97QUSOX Pear Tree PolarisPairCorr
  0.97QUSIX Pear Tree PolarisPairCorr
  0.97QUSRX Pear Tree PolarisPairCorr
  0.89QFVOX Pear Tree PolarisPairCorr
  0.63QFVRX Pear Tree PolarisPairCorr
  0.95QGIAX Pear Tree QualityPairCorr
  0.98QISIX Pear Tree PolarisPairCorr
  0.98QISRX Pear Tree PolarisPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark InternationalPairCorr
  0.87OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  0.87OAZIX Oakmark InternationalPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.85VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.85DXQLX Direxion Monthly NasdaqPairCorr
  0.96RYVYX Nasdaq 100 2xPairCorr
  0.85UOPIX Ultra Nasdaq 100PairCorr
  0.96UOPSX Ultranasdaq 100 ProfundPairCorr
  0.96INPIX Internet UltrasectorPairCorr
  0.96INPSX Internet UltrasectorPairCorr
  0.71BIPIX Biotechnology UltrasectorPairCorr
  0.9SPMIX Sp Midcap IndexPairCorr
  0.95ICSIX Dynamic OpportunityPairCorr
  0.78FXICX Fixed Income SharesPairCorr
  0.66UIPMX Precious Metals AndPairCorr
  0.95JACCX Janus Forty FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.