Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QISRX Fund  USD 12.12  0.08  0.66%   
The current 90-days correlation between Pear Tree Polaris and Rbc Emerging Markets is 0.44 (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

Modest diversification

The correlation between Pear Tree Polaris and DJI is 0.29 (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 metropolitan statistical area.

Moving together with Pear Mutual Fund

  0.81DFISX International Small PanyPairCorr
  0.92VFSNX Vanguard Ftse AllPairCorr
  0.83GICIX Goldman Sachs InternPairCorr
  0.97GIRLX Goldman Sachs InternPairCorr
  0.97GICUX Goldman Sachs InternPairCorr
  0.84FISMX Fidelity InternationalPairCorr
  0.83GICCX Goldman Sachs InternPairCorr
  0.83GICAX Goldman Sachs InternPairCorr
  0.95MISAX Victory TrivalentPairCorr
  0.79MCISX Victory TrivalentPairCorr
  0.83VGTSX Vanguard Total InterPairCorr
  0.83VTIAX Vanguard Total InterPairCorr
  0.73DBIWX Dws Global MacroPairCorr
  0.74ABNOX Ab Bond InflationPairCorr
  0.9VICSX Vanguard Intermediate-terPairCorr
  0.87GIOIX Guggenheim Macro OppPairCorr
  0.66HTD John Hancock TaxPairCorr
  0.61DD Dupont De NemoursPairCorr
  0.74MCD McDonaldsPairCorr
  0.61TRV The Travelers CompaniesPairCorr
  0.79VZ Verizon CommunicationsPairCorr
  0.76KO Coca ColaPairCorr

Moving against Pear Mutual Fund

  0.5MRK Merck CompanyPairCorr
  0.47CAT CaterpillarPairCorr
  0.47AA Alcoa CorpPairCorr
  0.46AXP American ExpressPairCorr
  0.45MSFT MicrosoftPairCorr
  0.36DIS Walt DisneyPairCorr
  0.36HPQ HP IncPairCorr
  0.33HD Home DepotPairCorr

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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