Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QUSIX Fund  USD 18.53  0.01  0.05%   
The current 90-days correlation between Pear Tree Polaris and Artisan International Value is 0.58 (i.e., Very weak 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

Modest diversification

The correlation between Pear Tree Polaris and DJI is 0.28 (i.e., Modest 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 gross domestic product.

Moving together with Pear Mutual Fund

  0.97GEORX Pear Tree EssexPairCorr
  0.97GEOSX Essex EnvironmentalPairCorr
  0.97USBOX Pear Tree QualityPairCorr
  0.9USBNX Pear Tree PolarisPairCorr
  0.9QBNAX Pear Tree PolarisPairCorr
  0.97EEOFX Essex EnvironmentalPairCorr
  1.0QUSOX Pear Tree PolarisPairCorr
  1.0QUSRX Pear Tree PolarisPairCorr
  0.98QFVIX Pear Tree PolarisPairCorr
  0.98QFVOX Pear Tree PolarisPairCorr
  0.98QFVRX Pear Tree PolarisPairCorr
  0.97QGIAX Pear Tree QualityPairCorr
  0.97QISIX Pear Tree PolarisPairCorr
  0.97QISRX Pear Tree PolarisPairCorr
  0.97QISOX Pear Tree PolarisPairCorr
  0.99DISVX Dfa International SmallPairCorr
  0.98DFVQX Dfa International VectorPairCorr
  0.99FMNEX Free Market InternationalPairCorr
  0.99OANEX Oakmark InternationalPairCorr
  0.97KGGIX Kopernik Global AllPairCorr
  0.97KGGAX Kopernik Global AllPairCorr
  0.99OAZEX Oakmark InternationalPairCorr
  0.99OAYEX Oakmark InternationalPairCorr
  0.99OAKEX Oakmark InternationalPairCorr
  0.98SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.98SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.8EMO Clearbridge Energy MlpPairCorr
  0.65OSPPX Oppenheimer Steelpath MlpPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.65MLPNX Oppenheimer Steelpath MlpPairCorr
  0.98RSNYX Victory Global NaturalPairCorr
  0.63MLPLX Oppenheimer Steelpath MlpPairCorr
  0.98RSNRX Victory Global NaturalPairCorr
  0.63SPMJX Invesco Steelpath MlpPairCorr
  0.96MSMIX Mainstay Map EquityPairCorr
  0.98MNNCX Victory Munder MultiPairCorr
  0.97APDMX Artisan Mid CapPairCorr
  0.89FCSPX Federated Porate BondPairCorr
  0.93RSDTX Short Duration BondPairCorr

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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