Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
USBNX Fund  USD 27.92  0.11  0.40%   
The current 90-days correlation between Pear Tree Polaris and Harbor Vertible Securities is 0.62 (i.e., Poor 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 Polaris and DJI is -0.05 (i.e., Good 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 World Market Map 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 board of governors.

Moving together with Pear Mutual Fund

  0.95GEORX Pear Tree EssexPairCorr
  0.96GEOSX Essex EnvironmentalPairCorr
  0.87USBOX Pear Tree QualityPairCorr
  0.95QBNAX Pear Tree PolarisPairCorr
  0.75QUSIX Pear Tree PolarisPairCorr
  0.75QUSRX Pear Tree PolarisPairCorr
  0.77QFVIX Pear Tree PolarisPairCorr
  0.91QFVOX Pear Tree PolarisPairCorr
  0.8QFVRX Pear Tree PolarisPairCorr
  0.87QGIAX Pear Tree QualityPairCorr
  0.91QISIX Pear Tree PolarisPairCorr
  0.98DFSVX Us Small CapPairCorr
  0.89DFFVX Us Targeted ValuePairCorr
  0.89UBVCX Undiscovered ManagersPairCorr
  0.89UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.63NHS Neuberger Berman HighPairCorr
  0.8AFJAX Allianzgi Nfj InternPairCorr
  0.9HDCTX Rational Dividend CapturePairCorr
  0.93JETAX Aberdeen Select IntePairCorr
  0.94RPNLX Riverpark/next CenturyPairCorr
  0.77TNXAX 1290 Doubleline DynamicPairCorr
  0.88CLXRX Columbia Large CapPairCorr
  0.82INPEX American Funds IncomePairCorr
  0.88JHJAX John Hancock EsgPairCorr
  0.95PSGAX Virtus Kar SmallPairCorr
  0.86GAPAX Goldman Sachs EquityPairCorr
  0.83GEACX Gmo Trust Steady GrowthPairCorr
  0.7LSBDX Loomis Sayles BondPairCorr
  0.78RWDYX Redwood Managed VolaPairCorr
  0.61PMZNX Pimco Mortgage OpporPairCorr

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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