Pear Tree Correlations

Mutual Funds USA . 
Fund . Pear Tree Polaris
QUSOX Fund  USD 17.86  0.18  1.02%   
The current 90-days correlation between Pear Tree Polaris and Hennessy Bp Energy is 0.12 (i.e., Average 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Pear Mutual Fund

  0.93OANEX Oakmark InternationalPairCorr
  0.93OAZEX Oakmark InternationalPairCorr
  0.93OAKEX Oakmark InternationalPairCorr
  0.93OAYEX Oakmark InternationalPairCorr
  0.66CIF Mfs Intermediate HighPairCorr
  0.63PG Procter GamblePairCorr
  0.64T ATT IncPairCorr
  0.66HPQ HP Inc Earnings Call TomorrowPairCorr

Moving against Pear Mutual Fund

  0.63GPICX Guidepath ConservativePairCorr
  0.58NXJ Nuveen New JerseyPairCorr
  0.45KGGIX Kopernik Global AllPairCorr
  0.45KGGAX Kopernik Global AllPairCorr
  0.44XDSMX Dreyfus StrategicPairCorr
  0.36XNXJX Nuveen New JerseyPairCorr
  0.36FPXIX Fidelity Advisor 529PairCorr
  0.33XNBHX Neuberger Berman IntPairCorr
  0.76KO Coca Cola Aggressive PushPairCorr
  0.7JNJ Johnson JohnsonPairCorr
  0.7CSCO Cisco SystemsPairCorr
  0.64MRK Merck Company Aggressive PushPairCorr
  0.64CAT CaterpillarPairCorr
  0.55AXP American ExpressPairCorr
  0.51MMM 3M CompanyPairCorr
  0.34GE GE AerospacePairCorr

Related Correlations Analysis


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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