Pear Tree Correlations

Mutual Funds USA . 
Fund . Pear Tree Polaris
QISRX Fund  USD 11.68  0.07  0.60%   
The current 90-days correlation between Pear Tree Polaris and Ultra Short Fixed Income is -0.08 (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

Modest diversification

The correlation between Pear Tree Polaris and DJI is 0.25 (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. 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

  0.68GEORX Pear Tree EssexPairCorr
  0.76GEOSX Essex EnvironmentalPairCorr
  0.83USBOX Pear Tree QualityPairCorr
  0.76EEOFX Essex EnvironmentalPairCorr
  0.94QUSOX Pear Tree PolarisPairCorr
  0.82QUSIX Pear Tree PolarisPairCorr
  0.94QUSRX Pear Tree PolarisPairCorr
  0.93QFVIX Pear Tree PolarisPairCorr
  0.92QFVOX Pear Tree PolarisPairCorr
  0.83QGIAX Pear Tree QualityPairCorr
  0.85DFISX International Small PanyPairCorr
  0.88VFSNX Vanguard Ftse AllPairCorr
  0.82GICIX Goldman Sachs InternPairCorr
  0.72GIRLX Goldman Sachs InternPairCorr
  0.82GICUX Goldman Sachs InternPairCorr
  0.89FISMX Fidelity InternationalPairCorr
  0.74GICCX Goldman Sachs InternPairCorr
  0.73GICAX Goldman Sachs InternPairCorr
  0.69MISAX Victory TrivalentPairCorr
  0.7MCISX Victory TrivalentPairCorr
  0.75RMQAX Monthly RebalancePairCorr
  0.75RMQHX Monthly RebalancePairCorr
  0.64GOODX Goodhaven Fund GoodhavenPairCorr

Moving against Pear Mutual Fund

  0.45AOUAX Angel Oak UltrashortPairCorr
  0.37CPODX Morgan Stanley Multi Steady GrowthPairCorr
  0.31USSBX Short Term BondPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TTRBX
+ 0.87
MBSAX
LSHEX
+ 0.78
PBXIX
MFIRX
+ 0.73
SWSFX
PBXIX
+ 0.7
MBSAX
TTRBX
+ 0.7
MFIRX
MFIRX
+ 0.69
MBSAX
  
High negative correlations   
LSHEX
- 0.5
SWSFX
PBXIX
- 0.41
SWSFX
MFIRX
- 0.22
LSHEX

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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