Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QUSOX Fund  USD 18.32  0.12  0.66%   
The current 90-days correlation between Pear Tree Polaris and Nationwide Bailard Technology is 0.47 (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

Very weak diversification

The correlation between Pear Tree Polaris and DJI is 0.46 (i.e., Very 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

  0.75USBNX Pear Tree PolarisPairCorr
  0.75QBNAX Pear Tree PolarisPairCorr
  1.0QUSIX Pear Tree PolarisPairCorr
  1.0QUSRX Pear Tree PolarisPairCorr
  0.83QISIX Pear Tree PolarisPairCorr
  0.83QISRX Pear Tree PolarisPairCorr
  0.84QISOX Pear Tree PolarisPairCorr
  0.93OANEX Oakmark InternationalPairCorr
  0.93OAZEX Oakmark InternationalPairCorr
  0.93OAKEX Oakmark InternationalPairCorr
  0.93OAYEX Oakmark InternationalPairCorr

Moving against Pear Mutual Fund

  0.37QFVRX Pear Tree PolarisPairCorr
  0.36QFVIX Pear Tree PolarisPairCorr
  0.35QFVOX Pear Tree PolarisPairCorr
  0.71GAAKX Gmo Alternative AlloPairCorr
  0.67GAAGX Gmo Alternative AlloPairCorr
  0.64PDNIX Pimco Diversified IncomePairCorr
  0.62PQTAX Pimco Trends ManagedPairCorr
  0.62PQTIX Aa Pimco TrPairCorr
  0.59PQTNX Pimco Trends ManagedPairCorr
  0.55VIITX Vanguard InstitutionalPairCorr
  0.49KGGAX Kopernik Global AllPairCorr
  0.46KGGIX Kopernik Global AllPairCorr
  0.39WARCX Wells Fargo AdvantagePairCorr
  0.37GPBFX Gmo E PlusPairCorr
  0.34MUE Blackrock MuniholdingsPairCorr
  0.33TLTPX Tiaa Cref LifecyclePairCorr

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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