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 -0.17 (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

Very poor diversification

The correlation between Pear Tree Polaris and DJI is 0.89 (i.e., Very poor 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

  0.96GEORX Pear Tree EssexPairCorr
  1.0QBNAX Pear Tree PolarisPairCorr
  0.61EEOFX Essex EnvironmentalPairCorr
  0.89QUSOX Pear Tree PolarisPairCorr
  0.9QUSIX Pear Tree PolarisPairCorr
  0.91QFVIX Pear Tree PolarisPairCorr
  0.91QFVOX Pear Tree PolarisPairCorr
  0.9QISIX Pear Tree PolarisPairCorr
  0.62QISRX Pear Tree PolarisPairCorr
  0.87QISOX Pear Tree PolarisPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr
  0.99DFFVX Us Targeted ValuePairCorr
  0.99UBVCX Undiscovered ManagersPairCorr
  0.9UBVAX Undiscovered ManagersPairCorr
  0.9UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.8NHS Neuberger Berman HighPairCorr
  0.93AFJAX Allianzgi Nfj InternPairCorr
  0.91HDCTX Rational Dividend CapturePairCorr
  0.63IYPCX Ivy Emerging MarketsPairCorr
  0.91TNXAX 1290 Doubleline DynamicPairCorr
  0.96CLXRX Columbia Large CapPairCorr
  0.93INPEX American Funds IncomePairCorr
  0.92JHJAX John Hancock EsgPairCorr
  0.88PSGAX Virtus Kar SmallPairCorr
  0.91GAPAX Goldman Sachs EquityPairCorr
  0.93GEACX Gmo Trust Steady GrowthPairCorr
  0.8LSBDX Loomis Sayles BondPairCorr
  0.98JISCX Perkins Small CapPairCorr

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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