Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QFVOX Fund  USD 28.73  0.14  0.49%   
The current 90-days correlation between Pear Tree Polaris and Oklahoma Municipal Fund is 0.25 (i.e., Modest 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 0.38 (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 producer price index.

Moving together with Pear Mutual Fund

  0.84USBOX Pear Tree QualityPairCorr
  1.0QFVIX Pear Tree PolarisPairCorr
  1.0QFVRX Pear Tree PolarisPairCorr
  0.85QGIAX Pear Tree QualityPairCorr
  0.85QGIRX Pear Tree QualityPairCorr
  0.92DOXFX Dodge Cox InternationalPairCorr
  0.78OANIX Oakmark InternationalPairCorr
  0.92DODFX Dodge International StockPairCorr
  0.77OAKIX Oakmark InternationalPairCorr
  0.78OAYIX Oakmark InternationalPairCorr
  0.78OAZIX Oakmark InternationalPairCorr
  0.89FINVX Fidelity Series IntePairCorr
  0.94VTRIX Vanguard InternationalPairCorr
  0.91RRIGX T Rowe PricePairCorr
  0.62FGPMX Franklin Gold And Steady GrowthPairCorr
  0.62FRGOX Franklin Gold Precious Steady GrowthPairCorr
  0.64MIDSX Midas Fund MidasPairCorr
  0.91FWWNX American Funds NewPairCorr
  0.8PCSIX Pace Strategic FixedPairCorr
  0.89CCATX American Funds 2010PairCorr
  0.88NPRTX Neuberger Berman LargePairCorr
  0.75HCBRX Harbor Core BondPairCorr
  0.85MIEFX Matthews Emerging MarketsPairCorr
  0.77ADFIX Diversified BondPairCorr
  0.87FLRUX Infrastructure FundPairCorr

Moving against Pear Mutual Fund

  0.44USBNX Pear Tree PolarisPairCorr
  0.44QBNAX Pear Tree PolarisPairCorr
  0.35QUSOX Pear Tree PolarisPairCorr
  0.35QUSIX Pear Tree PolarisPairCorr
  0.35QUSRX Pear Tree PolarisPairCorr

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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