Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Essex
GEORX Fund  USD 6.77  0.13  1.88%   
The current 90-days correlation between Pear Tree Essex and American Funds Smallcap is -0.12 (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

Good diversification

The correlation between Pear Tree Essex and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Essex and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Pear Tree Essex. 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

  0.98GEOSX Essex EnvironmentalPairCorr
  0.96USBOX Pear Tree QualityPairCorr
  0.94USBNX Pear Tree PolarisPairCorr
  0.94QBNAX Pear Tree PolarisPairCorr
  0.98EEOFX Essex EnvironmentalPairCorr
  0.97QUSOX Pear Tree PolarisPairCorr
  0.97QUSIX Pear Tree PolarisPairCorr
  0.97QUSRX Pear Tree PolarisPairCorr
  0.97QFVIX Pear Tree PolarisPairCorr
  0.97QFVOX Pear Tree PolarisPairCorr
  0.97QFVRX Pear Tree PolarisPairCorr
  0.96QGIAX Pear Tree QualityPairCorr
  0.96QISIX Pear Tree PolarisPairCorr
  0.96QISRX Pear Tree PolarisPairCorr
  0.96QISOX Pear Tree PolarisPairCorr
  0.97FSWFX American Funds SmallcapPairCorr
  0.97FSFWX American Funds SmallcapPairCorr
  0.99SCWCX American Fds SmallcapPairCorr
  0.97SCWFX Smallcap WorldPairCorr
  0.99SMCWX Smallcap WorldPairCorr
  0.97CSPFX Smallcap WorldPairCorr
  0.99CSPAX Smallcap WorldPairCorr
  0.97CSPEX Smallcap WorldPairCorr
  0.97RSLCX Smallcap WorldPairCorr
  0.99RLLGX Smallcap WorldPairCorr
  0.85FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.78SPMPX Invesco Steelpath MlpPairCorr
  0.78MLPNX Oppenheimer Steelpath MlpPairCorr
  0.76MLPMX Oppenheimer Steelpath MlpPairCorr
  0.77SPMJX Invesco Steelpath MlpPairCorr
  0.9RYAUX Utilities Fund ClassPairCorr
  0.96EXBAX Pro-blend(r) ModeratePairCorr
  0.73SACTX Spirit Of AmericaPairCorr
  0.97ANJIX Allianzgi Nfj InternPairCorr
  0.99HRNRX Hood River NewPairCorr

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.

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