Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QUSOX Fund  USD 18.80  0.11  0.58%   
The current 90-days correlation between Pear Tree Polaris and Pear Tree Polaris is 0.84 (i.e., Very 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

Weak diversification

The correlation between Pear Tree Polaris and DJI is 0.36 (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 persons.

Moving together with Pear Mutual Fund

  0.96GEORX Pear Tree EssexPairCorr
  0.96GEOSX Essex EnvironmentalPairCorr
  0.97USBOX Pear Tree QualityPairCorr
  0.87USBNX Pear Tree PolarisPairCorr
  0.87QBNAX Pear Tree PolarisPairCorr
  0.96EEOFX Essex EnvironmentalPairCorr
  1.0QUSIX Pear Tree PolarisPairCorr
  1.0QUSRX Pear Tree PolarisPairCorr
  0.98QFVIX Pear Tree PolarisPairCorr
  0.98QFVOX Pear Tree PolarisPairCorr
  0.98QFVRX Pear Tree PolarisPairCorr
  0.97QGIAX Pear Tree QualityPairCorr
  0.96QISIX Pear Tree PolarisPairCorr
  0.96QISRX Pear Tree PolarisPairCorr
  0.96QISOX Pear Tree PolarisPairCorr
  0.99DISVX Dfa International SmallPairCorr
  0.98DFVQX Dfa International VectorPairCorr
  0.99FMNEX Free Market InternationalPairCorr
  0.99OANEX Oakmark InternationalPairCorr
  0.98KGGIX Kopernik Global AllPairCorr
  0.98KGGAX Kopernik Global AllPairCorr
  0.99OAZEX Oakmark InternationalPairCorr
  0.99OAYEX Oakmark InternationalPairCorr
  0.99OAKEX Oakmark InternationalPairCorr
  0.79GAAKX Gmo Alternative AlloPairCorr
  0.78GAAGX Gmo Alternative AlloPairCorr
  0.73GPBFX Gmo E PlusPairCorr
  0.97MFEGX Mfs Growth FundPairCorr
  0.99EGRSX Eaton Vance GlobalPairCorr
  0.98JDBRX Janus BalancedPairCorr
  0.99JACCX Janus Forty FundPairCorr
  0.9GMOYX Gmo TrustPairCorr
  0.74FGPMX Franklin Gold AndPairCorr
  0.98LWLAX L Mason QsPairCorr

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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