Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QUSRX Fund  USD 13.22  0.02  0.15%   
The current 90-days correlation between Pear Tree Polaris and Alternative Asset Allocation is -0.01 (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 0.32 (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 metropolitan statistical area.

Moving together with Pear Mutual Fund

  0.95GEOSX Essex EnvironmentalPairCorr
  0.96USBOX Pear Tree QualityPairCorr
  0.83USBNX Pear Tree PolarisPairCorr
  0.81EEOFX Essex EnvironmentalPairCorr
  1.0QUSOX Pear Tree PolarisPairCorr
  0.97QFVIX Pear Tree PolarisPairCorr
  0.97QFVOX Pear Tree PolarisPairCorr
  0.87QGIAX Pear Tree QualityPairCorr
  0.86QISRX Pear Tree PolarisPairCorr
  0.98DISVX Dfa International SmallPairCorr
  0.85DFVQX Dfa International VectorPairCorr
  0.99FMNEX Free Market InternationalPairCorr
  0.98OANEX Oakmark InternationalPairCorr
  0.99KGGIX Kopernik Global AllPairCorr
  0.88KGGAX Kopernik Global AllPairCorr
  0.98OAZEX Oakmark InternationalPairCorr
  0.98OAYEX Oakmark InternationalPairCorr
  0.85OAKEX Oakmark InternationalPairCorr
  0.74PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.74PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.64FRGOX Franklin Gold Precious Steady GrowthPairCorr
  0.64FGPMX Franklin Gold And Steady GrowthPairCorr
  0.75FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.88TBLPX T Rowe PricePairCorr
  0.95AVEWX Ave Maria WorldPairCorr
  0.76HSCSX Small-company StockPairCorr
  0.87FCTDX Strategic AdvisersPairCorr
  0.86ITCTX Vy T RowePairCorr
  0.65IHICX Federated Emerging MarketPairCorr
  0.64IOSAX Voya Global BondPairCorr
  0.85FTMKX Fidelity Advisor EmergingPairCorr
  0.84RSEJX Victory Rs SmallPairCorr

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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