Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QFVIX Fund  USD 26.52  0.06  0.23%   
The current 90-days correlation between Pear Tree Polaris and Pear Tree Essex is 0.06 (i.e., Significant 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

Weak diversification

The correlation between Pear Tree Polaris and DJI is 0.36 (i.e., Weak 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

  0.95GEORX Pear Tree EssexPairCorr
  0.95GEOSX Essex EnvironmentalPairCorr
  0.96USBOX Pear Tree QualityPairCorr
  0.91USBNX Pear Tree PolarisPairCorr
  0.91QBNAX Pear Tree PolarisPairCorr
  0.95EEOFX Essex EnvironmentalPairCorr
  0.98QUSOX Pear Tree PolarisPairCorr
  0.98QUSIX Pear Tree PolarisPairCorr
  0.98QUSRX Pear Tree PolarisPairCorr
  1.0QFVOX Pear Tree PolarisPairCorr
  1.0QFVRX Pear Tree PolarisPairCorr
  0.96QGIAX Pear Tree QualityPairCorr
  0.98QISIX Pear Tree PolarisPairCorr
  0.97QISRX Pear Tree PolarisPairCorr
  0.98QISOX Pear Tree PolarisPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.99OANIX Oakmark InternationalPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.99OAKIX Oakmark InternationalPairCorr
  0.99OAYIX Oakmark InternationalPairCorr
  0.99OAZIX Oakmark InternationalPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.98VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.97DXQLX Direxion Monthly NasdaqPairCorr
  0.97RYVLX Nasdaq 100 2xPairCorr
  0.97RYVYX Nasdaq 100 2xPairCorr
  0.97UOPIX Ultra Nasdaq 100PairCorr
  0.97RYCCX Nasdaq 100 2xPairCorr
  0.97UOPSX Ultranasdaq 100 ProfundPairCorr
  0.97INPIX Internet UltrasectorPairCorr
  0.97INPSX Internet UltrasectorPairCorr
  0.74BIPIX Biotechnology UltrasectorPairCorr
  0.99INVYX Pioneer InternationalPairCorr
  0.94FIQFX Fidelity China Region Steady GrowthPairCorr
  0.97CDEYX Columbia DiversifiedPairCorr
  0.97KCVSX Knights Of UmbusPairCorr
  0.97RGRYX Victory Rs GrowthPairCorr
  0.83ESPCX Wells Fargo AdvantagePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GEORX  0.92  0.43  0.31 (3.39) 0.39 
(1.21)
 2.62 
(1.25)
 5.65 
GEOSX  0.89  0.29  0.30  0.48  0.38 
(1.14)
 2.72 
(1.36)
 5.57 
USBOX  0.64  0.03  0.01  0.16  0.59 
(0.70)
 1.76 
(1.19)
 4.30 
USBNX  0.83  0.04  0.04  0.18  0.81 
(0.95)
 2.38 
(1.66)
 5.37 
QBNAX  0.83  0.05  0.04  0.18  0.80 
(0.95)
 2.37 
(1.63)
 5.37 
EEOFX  0.90  0.29  0.30  0.47  0.40 
(1.18)
 2.78 
(1.38)
 5.52 
QUSOX  0.43  0.23  0.29  1.55  0.00 
(0.59)
 1.22 
(0.65)
 2.85 
QUSIX  0.43  0.23  0.30  1.53  0.00 
(0.59)
 1.22 
(0.65)
 2.92 
QUSRX  0.43  0.23  0.28  1.56  0.00 
(0.59)
 1.24 
(0.62)
 2.83 
QFVIX  0.49  0.19  0.16  0.95  0.08 
(0.59)
 1.09 
(0.82)
 2.84 

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