Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Essex
GEORX Fund  USD 6.61  0.04  0.60%   
The current 90-days correlation between Pear Tree Essex and Harbor Vertible Securities is 0.75 (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

Poor diversification

The correlation between Pear Tree Essex and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Essex and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Pear Tree Essex. 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

  1.0GEOSX Essex EnvironmentalPairCorr
  0.87USBOX Pear Tree QualityPairCorr
  0.77USBNX Pear Tree PolarisPairCorr
  0.77QBNAX Pear Tree PolarisPairCorr
  1.0EEOFX Essex EnvironmentalPairCorr
  0.88QGIAX Pear Tree QualityPairCorr
  0.83PAMCX T Rowe PricePairCorr
  0.83RRMGX T Rowe PricePairCorr
  0.83TRQZX T Rowe PricePairCorr
  0.83RPMGX T Rowe PricePairCorr
  0.75PRJIX T Rowe PricePairCorr
  0.75PRNHX T Rowe PricePairCorr
  0.75TRUZX T Rowe PricePairCorr
  0.8PCBIX Midcap Fund InstitutionalPairCorr
  0.8PEMGX Midcap Fund ClassPairCorr
  0.8PMBCX Midcap Fund ClassPairCorr
  0.95GAPIX Goldman Sachs EquityPairCorr
  0.82FXIFX Fidelity Freedom IndexPairCorr
  0.93PGAIX Pimco Global MultiPairCorr
  0.66DFMGX Df Dent MidcapPairCorr

Moving against Pear Mutual Fund

  0.35QUSOX Pear Tree PolarisPairCorr
  0.35QUSIX Pear Tree PolarisPairCorr
  0.35QUSRX Pear Tree PolarisPairCorr
  0.62FMFFX Fs Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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