Pear Tree Correlations

QUSIX Fund

USD 18.61 0.15 0.81%

The current 90-days correlation between Pear Tree Polaris and Pear Tree Polaris is 1.0 (i.e., No risk reduction). 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 0.49 (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

1.0	QUSOX	Pear Tree Polaris	Pair Corr
0.89	QISIX	Pear Tree Polaris	Pair Corr
0.92	QISRX	Pear Tree Polaris	Pair Corr
0.92	QISOX	Pear Tree Polaris	Pair Corr
0.88	OANEX	Oakmark International	Pair Corr
0.88	OAZEX	Oakmark International	Pair Corr
0.89	OAKEX	Oakmark International	Pair Corr
0.94	OAYEX	Oakmark International	Pair Corr

Moving against Pear Mutual Fund

0.36	KGGAX	Kopernik Global All	Pair Corr
0.36	KGGIX	Kopernik Global All	Pair Corr
0.68	FILDX	Frost Low Duration	Pair Corr
0.67	HCPSX	Health Care Ultrasector	Pair Corr
0.65	PFOAX	Pimco Foreign Bond	Pair Corr
0.63	PQTAX	Pimco Trends Managed	Pair Corr
0.59	PQTNX	Pimco Trends Managed	Pair Corr
0.59	PQTIX	Aa Pimco Tr	Pair Corr
0.58	PPVFX	American Funds Prese	Pair Corr
0.56	GAAKX	Gmo Alternative Allo	Pair Corr
0.56	GAAGX	Gmo Alternative Allo	Pair Corr
0.45	SOIUX	Spirit Of America	Pair Corr
0.4	GPBFX	Gmo E Plus	Pair Corr
0.31	WARCX	Wells Fargo Advantage	Pair Corr

Related Correlations Analysis

	QUSOX	BAQAX	BICSX	BIAHX	BAHAX	STMPX	MMDEX	HDVYX	RA	HIIDX
QUSOX		-0.44	-0.36	0.38	0.39	0.59	-0.22	0.08	0.63	0.41	QUSOX
BAQAX	-0.44		0.55	0.28	0.27	0.08	0.89	0.69	-0.11	0.5	BAQAX
BICSX	-0.36	0.55		0.43	0.42	0.22	0.44	0.27	-0.06	0.42	BICSX
BIAHX	0.38	0.28	0.43		1.0	0.78	0.37	0.41	0.45	0.83	BIAHX
BAHAX	0.39	0.27	0.42	1.0		0.78	0.36	0.41	0.45	0.83	BAHAX
STMPX	0.59	0.08	0.22	0.78	0.78		0.31	0.31	0.57	0.81	STMPX
MMDEX	-0.22	0.89	0.44	0.37	0.36	0.31		0.74	0.11	0.6	MMDEX
HDVYX	0.08	0.69	0.27	0.41	0.41	0.31	0.74		0.35	0.68	HDVYX
RA	0.63	-0.11	-0.06	0.45	0.45	0.57	0.11	0.35		0.53	RA
HIIDX	0.41	0.5	0.42	0.83	0.83	0.81	0.6	0.68	0.53		HIIDX
	QUSOX	BAQAX	BICSX	BIAHX	BAHAX	STMPX	MMDEX	HDVYX	RA	HIIDX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BAHAX	+ 1.0	BIAHX
MMDEX	+ 0.89	BAQAX
HIIDX	+ 0.83	BIAHX
HIIDX	+ 0.83	BAHAX
HIIDX	+ 0.81	STMPX
STMPX	+ 0.78	BIAHX

High negative correlations

BAQAX	- 0.44	QUSOX
BICSX	- 0.36	QUSOX
MMDEX	- 0.22	QUSOX
RA	- 0.11	BAQAX
RA	- 0.06	BICSX

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
QUSOX	0.49	(0.07)	0.00	(0.09)	0.00	0.00	1.04	(0.99)	2.88
BAQAX	0.67	0.02	0.00	0.10	0.80	(0.77)	1.25	(1.06)	4.83
BICSX	0.64	0.08	0.02	0.49	0.82	(0.67)	1.50	(1.50)	4.72
BIAHX	0.53	(0.04)	(0.10)	0.01	0.57	(0.60)	1.23	(0.97)	2.39
BAHAX	0.53	(0.04)	(0.10)	0.01	0.58	(0.59)	1.22	(0.99)	2.38
STMPX	0.81	(0.05)	(0.03)	0.03	1.04	(0.80)	1.84	(1.67)	4.90
MMDEX	0.75	(0.01)	(0.01)	0.05	1.09	(0.73)	1.80	(1.72)	4.34
HDVYX	0.64	(0.08)	0.00	(0.05)	0.00	0.00	1.09	(1.41)	5.77
RA	0.37	(0.05)	0.00	(0.09)	0.00	0.00	0.69	(0.99)	2.24
HIIDX	0.56	(0.03)	(0.05)	0.03	0.74	(0.56)	1.22	(1.13)	2.99

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