Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Polaris
QISRX Fund  USD 13.17  0.14  1.05%   
The current 90-days correlation between Pear Tree Polaris and Pear Tree Essex is -0.16 (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

Good diversification

The correlation between Pear Tree Polaris and DJI is -0.12 (i.e., Good 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

  0.94GEORX Pear Tree EssexPairCorr
  0.93GEOSX Essex EnvironmentalPairCorr
  0.93USBOX Pear Tree QualityPairCorr
  0.91USBNX Pear Tree PolarisPairCorr
  0.91QBNAX Pear Tree PolarisPairCorr
  0.93EEOFX Essex EnvironmentalPairCorr
  0.96QUSOX Pear Tree PolarisPairCorr
  0.96QUSIX Pear Tree PolarisPairCorr
  0.96QUSRX Pear Tree PolarisPairCorr
  0.97QFVIX Pear Tree PolarisPairCorr
  0.97QFVOX Pear Tree PolarisPairCorr
  0.97QFVRX Pear Tree PolarisPairCorr
  0.93QGIAX Pear Tree QualityPairCorr
  0.98QISIX Pear Tree PolarisPairCorr
  0.98QISOX Pear Tree PolarisPairCorr
  0.96DFISX International Small PanyPairCorr
  0.95VFSNX Vanguard Ftse AllPairCorr
  0.96GICIX Goldman Sachs InternPairCorr
  0.96GIRLX Goldman Sachs InternPairCorr
  0.96GICUX Goldman Sachs InternPairCorr
  0.97FISMX Fidelity InternationalPairCorr
  0.96GICCX Goldman Sachs InternPairCorr
  0.96GICAX Goldman Sachs InternPairCorr
  0.95MISAX Victory TrivalentPairCorr
  0.95MCISX Victory TrivalentPairCorr
  0.91CPAYX Columbia Pacific/asiaPairCorr
  0.93CASAX Columbia Pacific/asiaPairCorr
  0.93CASCX Columbia PacificasiaPairCorr
  0.96MSKLX Mid Cap GrowthPairCorr
  0.96CISGX Touchstone Sands CapitalPairCorr
  0.96MPEGX Mid Cap GrowthPairCorr
  0.93AVCNX American Century EtfPairCorr
  0.93SBQAX Americafirst Large CapPairCorr
  0.95BGEFX Baillie Gifford EafePairCorr
  0.96NWASX Nationwide DestinationPairCorr
  0.92SITEX Sit Emerging MarketsPairCorr
  0.8NWHZX Nationwide Geneva SmallPairCorr
  0.94BERBX Carillon Chartwell MidPairCorr

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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