Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Quality
USBOX Fund  USD 23.86  0.07  0.29%   
The current 90-days correlation between Pear Tree Quality and Polen Growth Fund is -0.13 (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

Very poor diversification

The correlation between Pear Tree Quality and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Quality and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Pear Tree Quality. 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

  0.93GEORX Pear Tree EssexPairCorr
  0.95GEOSX Essex EnvironmentalPairCorr
  0.94USBNX Pear Tree PolarisPairCorr
  0.94QBNAX Pear Tree PolarisPairCorr
  0.95EEOFX Essex EnvironmentalPairCorr
  0.96QUSOX Pear Tree PolarisPairCorr
  0.96QUSIX Pear Tree PolarisPairCorr
  0.96QUSRX Pear Tree PolarisPairCorr
  0.95QFVIX Pear Tree PolarisPairCorr
  0.96QFVOX Pear Tree PolarisPairCorr
  0.96QFVRX Pear Tree PolarisPairCorr
  0.96QGIAX Pear Tree QualityPairCorr
  0.95QISIX Pear Tree PolarisPairCorr
  0.95QISRX Pear Tree PolarisPairCorr
  0.96QISOX Pear Tree PolarisPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.7NHS Neuberger Berman HighPairCorr
  0.96OSCNX Oppenheimer Main StreetPairCorr
  0.98GATCX Gabelli AssetPairCorr
  0.98AICGX Income GrowthPairCorr
  0.99TRLCX Tiaa Cref LargePairCorr
  0.97ACCAX Strategic Allocation:PairCorr
  0.98TIMIX Tiaa Cref ManagedPairCorr
  0.99RECIX Rbc Emerging MarketsPairCorr
  0.95BMSFX Mfs Blended ResearchPairCorr
  0.99FAWTX American Funds 2060PairCorr
  0.82RCPIX Rbc Funds TrustPairCorr
  0.91IPBCX Inflation ProtectedPairCorr
  0.98FIHBX Federated InstitutionalPairCorr
  0.9AIDAX Diversified MunicipalPairCorr

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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