Pear Tree Correlations

QISIX Fund

USD 13.53 0.05 0.37%

The current 90-days correlation between Pear Tree Polaris and Gmo Emerging Markets is 0.25 (i.e., Modest 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

Very weak diversification

The correlation between Pear Tree Polaris and DJI is 0.53 (i.e., Very 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

0.89	QUSOX	Pear Tree Polaris	Pair Corr
0.89	QUSIX	Pear Tree Polaris	Pair Corr
0.91	QISRX	Pear Tree Polaris	Pair Corr
0.91	QISOX	Pear Tree Polaris	Pair Corr
0.69	VFSNX	Vanguard Ftse All	Pair Corr
0.67	FISMX	Fidelity International	Pair Corr

Moving against Pear Mutual Fund

0.52

GAAVX

Gmo Alternative Allo

Pair Corr

Related Correlations Analysis

	GMAQX	SAEMX	SEDIX	REMVX	SFGIX
GMAQX		0.89	0.76	0.9	0.91	GMAQX
SAEMX	0.89		0.72	0.94	0.87	SAEMX
SEDIX	0.76	0.72		0.83	0.72	SEDIX
REMVX	0.9	0.94	0.83		0.84	REMVX
SFGIX	0.91	0.87	0.72	0.84		SFGIX
	GMAQX	SAEMX	SEDIX	REMVX	SFGIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMAQX	0.59	0.03	0.00	0.12	0.77	(0.62)	1.18	(1.07)	4.09
SAEMX	0.55	0.07	0.01	0.69	0.65	(0.61)	1.13	(1.25)	3.90
SEDIX	0.08	0.00	(0.52)	0.03	0.00	(0.13)	0.21	(0.10)	0.42
REMVX	0.62	0.07	0.05	0.19	0.71	(0.71)	1.30	(0.83)	4.51
SFGIX	0.53	0.01	(0.03)	0.09	0.69	(0.56)	1.12	(1.02)	3.38

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