Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QFVRX Fund  USD 12.62  0.12  0.94%   
The current 90-days correlation between Pear Tree Polaris and Morgan Stanley Global is -0.1 (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

Average diversification

The correlation between Pear Tree Polaris and DJI is 0.17 (i.e., Average 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

  0.95USBOX Pear Tree QualityPairCorr
  0.92USBNX Pear Tree PolarisPairCorr
  0.93QBNAX Pear Tree PolarisPairCorr
  0.99QUSOX Pear Tree PolarisPairCorr
  0.99QUSIX Pear Tree PolarisPairCorr
  0.99QUSRX Pear Tree PolarisPairCorr
  0.63QFVOX Pear Tree PolarisPairCorr
  0.95QGIAX Pear Tree QualityPairCorr
  0.97QISRX Pear Tree PolarisPairCorr
  0.97QISOX Pear Tree PolarisPairCorr
  0.95FRISX Franklin Rising DividendsPairCorr
  0.88IRSYX Ivy Advantus RealPairCorr
  0.97CLBCX American BalancedPairCorr
  0.98FHVEX Fidelity Freedom BlendPairCorr
  0.9KNGCX Cboe Vest SpPairCorr
  0.97MPDIX Massmutual PremierPairCorr
  0.97TRCVX Tiaa Cref LargePairCorr
  0.96GRMIX Nationwide Sp 500PairCorr
  0.94BRSHX Mfs Blended ResearchPairCorr
  0.98WISNX William Blair InternPairCorr
  0.9SHRMX Stone Ridge HighPairCorr

Moving against Pear Mutual Fund

  0.41GPMFX Guidepath Managed FuturesPairCorr
  0.35PQTAX Pimco Trends ManagedPairCorr
  0.34PQTNX Pimco Trends ManagedPairCorr
  0.34PQTIX Aa Pimco TrPairCorr

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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