Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QUSIX Fund  USD 15.53  0.04  0.26%   
The current 90-days correlation between Pear Tree Polaris and Pear Tree Polaris is -0.01 (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 0.28 (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

  1.0QUSOX Pear Tree PolarisPairCorr
  1.0QUSRX Pear Tree PolarisPairCorr
  0.97QFVIX Pear Tree PolarisPairCorr
  0.83QFVOX Pear Tree PolarisPairCorr
  0.97QFVRX Pear Tree PolarisPairCorr
  0.79QISIX Pear Tree PolarisPairCorr
  0.79QISRX Pear Tree PolarisPairCorr
  0.8QISOX Pear Tree PolarisPairCorr
  0.71DISVX Dfa International SmallPairCorr
  0.88DFVQX Dfa International VectorPairCorr
  0.79FMNEX Free Market InternationalPairCorr
  0.91OANEX Oakmark InternationalPairCorr
  0.91OAZEX Oakmark InternationalPairCorr
  0.91OAYEX Oakmark InternationalPairCorr
  0.61NHS Neuberger Berman HighPairCorr

Moving against Pear Mutual Fund

  0.57USBNX Pear Tree PolarisPairCorr
  0.57QBNAX Pear Tree PolarisPairCorr
  0.32GEORX Pear Tree EssexPairCorr
  0.32GEOSX Essex EnvironmentalPairCorr
  0.31EEOFX Essex EnvironmentalPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.68WAEXX Western Asset PremierPairCorr
  0.61RYVYX Nasdaq 100 2xPairCorr
  0.61INDEX Sp 500 EqualPairCorr
  0.55SMERX Invesco Small CapPairCorr
  0.73RCILX Alternative Credit IncomePairCorr
  0.7VTSAX Vanguard Total StockPairCorr
  0.69FXAIX Fidelity 500 IndexPairCorr
  0.69VFIAX Vanguard 500 IndexPairCorr
  0.66CMEUX Six Circles ManagedPairCorr
  0.64LTFOX Lord Abbett AffiliatedPairCorr

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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