Pear Tree Correlations

QUSRX Fund

USD 12.50 0.12 0.97%

The current 90-days correlation between Pear Tree Polaris and Ab Value Fund is 0.39 (i.e., Weak 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 -0.02 (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 real.

Moving together with Pear Mutual Fund

0.74	USBNX	Pear Tree Polaris	Pair Corr
0.8	QBNAX	Pear Tree Polaris	Pair Corr
0.95	QUSOX	Pear Tree Polaris	Pair Corr
0.95	QUSIX	Pear Tree Polaris	Pair Corr
0.79	QISIX	Pear Tree Polaris	Pair Corr
0.76	QISRX	Pear Tree Polaris	Pair Corr
0.8	QISOX	Pear Tree Polaris	Pair Corr
0.93	OANEX	Oakmark International	Pair Corr
0.88	OAZEX	Oakmark International	Pair Corr
0.88	OAKEX	Oakmark International	Pair Corr
0.93	OAYEX	Oakmark International	Pair Corr

Moving against Pear Mutual Fund

0.42	QFVRX	Pear Tree Polaris Potential Growth	Pair Corr
0.41	QFVIX	Pear Tree Polaris Potential Growth	Pair Corr
0.4	QFVOX	Pear Tree Polaris	Pair Corr
0.33	QGIAX	Pear Tree Quality	Pair Corr
0.33	QGIRX	Pear Tree Quality	Pair Corr
0.32	USBOX	Pear Tree Quality	Pair Corr
0.76	GAAKX	Gmo Alternative Allo	Pair Corr
0.76	GAAGX	Gmo Alternative Allo	Pair Corr
0.69	PDNIX	Pimco Diversified Income	Pair Corr
0.63	PQTAX	Pimco Trends Managed	Pair Corr
0.63	PQTIX	Aa Pimco Tr	Pair Corr
0.61	PQTNX	Pimco Trends Managed	Pair Corr
0.61	VIITX	Vanguard Institutional	Pair Corr
0.51	KGGIX	Kopernik Global All	Pair Corr
0.5	KGGAX	Kopernik Global All	Pair Corr
0.45	GPBFX	Gmo E Plus	Pair Corr
0.45	WARCX	Wells Fargo Advantage	Pair Corr
0.42	MUE	Blackrock Muniholdings	Pair Corr
0.41	TLTPX	Tiaa Cref Lifecycle	Pair Corr

Related Correlations Analysis

	ABVCX	EIPFX	BXDYX	VWAHX	HDCAX
ABVCX		0.63	0.81	0.87	0.91	ABVCX
EIPFX	0.63		0.52	0.59	0.56	EIPFX
BXDYX	0.81	0.52		0.89	0.86	BXDYX
VWAHX	0.87	0.59	0.89		0.92	VWAHX
HDCAX	0.91	0.56	0.86	0.92		HDCAX
	ABVCX	EIPFX	BXDYX	VWAHX	HDCAX

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
ABVCX	0.51	0.06	0.06	11.37	0.59	(0.57)	1.23	(1.12)	3.51
EIPFX	0.43	0.02	0.02	0.09	0.52	(0.42)	0.91	(0.75)	2.26
BXDYX	0.08	0.01	(0.10)	0.38	0.00	(0.15)	0.11	(0.11)	0.64
VWAHX	0.14	0.07	0.35	2.72	0.00	(0.24)	0.48	(0.19)	0.97
HDCAX	0.48	0.08	0.09	(2.44)	0.53	(0.52)	1.01	(0.99)	2.95

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