Pear Tree Correlations

USBNX Fund

USD 27.84 0.22 0.80%

The current 90-days correlation between Pear Tree Polaris and Gdl Closed Fund is 0.05 (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

Poor diversification

The correlation between Pear Tree Polaris and DJI is 0.77 (i.e., Poor 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 World Market Map 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 state.

Moving together with Pear Mutual Fund

1.0	QBNAX	Pear Tree Polaris	Pair Corr
0.62	QUSOX	Pear Tree Polaris	Pair Corr
0.62	QUSIX	Pear Tree Polaris	Pair Corr
0.62	QUSRX	Pear Tree Polaris	Pair Corr
0.68	VSIIX	Vanguard Small Cap	Pair Corr
0.69	VISVX	Vanguard Small Cap	Pair Corr
0.85	DFSVX	Us Small Cap	Pair Corr
0.84	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.82	UBVAX	Undiscovered Managers	Pair Corr
0.97	UBVSX	Undiscovered Managers	Pair Corr
0.88	AVFIX	American Beacon Small	Pair Corr

Moving against Pear Mutual Fund

0.55	BULIX	Utilities Fund Investor	Pair Corr
0.39	ALTEX	Firsthand Alternative	Pair Corr
0.34	RNGBX	New Economy Fund	Pair Corr

Related Correlations Analysis

	GDL	CHASX	HLFNX	LVAGX	VGI	WMBLX	RBCGX	AABPX	VILLX	CEE
GDL		0.62	0.56	0.81	0.73	0.84	0.73	0.84	-0.17	-0.81	GDL
CHASX	0.62		0.32	0.83	0.52	0.86	0.92	0.74	-0.66	-0.65	CHASX
HLFNX	0.56	0.32		0.64	0.63	0.6	0.55	0.64	0.36	-0.45	HLFNX
LVAGX	0.81	0.83	0.64		0.67	0.96	0.85	0.94	-0.23	-0.65	LVAGX
VGI	0.73	0.52	0.63	0.67		0.67	0.67	0.67	-0.03	-0.57	VGI
WMBLX	0.84	0.86	0.6	0.96	0.67		0.91	0.96	-0.31	-0.76	WMBLX
RBCGX	0.73	0.92	0.55	0.85	0.67	0.91		0.8	-0.44	-0.75	RBCGX
AABPX	0.84	0.74	0.64	0.94	0.67	0.96	0.8		-0.12	-0.7	AABPX
VILLX	-0.17	-0.66	0.36	-0.23	-0.03	-0.31	-0.44	-0.12		0.38	VILLX
CEE	-0.81	-0.65	-0.45	-0.65	-0.57	-0.76	-0.75	-0.7	0.38		CEE
	GDL	CHASX	HLFNX	LVAGX	VGI	WMBLX	RBCGX	AABPX	VILLX	CEE

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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

WMBLX	+ 0.96	LVAGX
AABPX	+ 0.96	WMBLX
AABPX	+ 0.94	LVAGX
RBCGX	+ 0.92	CHASX
RBCGX	+ 0.91	WMBLX
WMBLX	+ 0.86	CHASX

High negative correlations

CEE	- 0.81	GDL
CEE	- 0.76	WMBLX
CEE	- 0.75	RBCGX
CEE	- 0.7	AABPX
VILLX	- 0.66	CHASX
CEE	- 0.65	LVAGX

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
GDL	0.35	0.03	(0.11)	0.42	0.34	(0.42)	0.71	(0.70)	2.25
CHASX	0.70	0.03	0.03	0.12	0.73	(0.83)	1.67	(1.41)	4.52
HLFNX	0.87	(0.12)	(0.05)	0.02	1.19	(0.89)	1.62	(1.66)	7.20
LVAGX	0.47	0.01	0.00	0.10	0.51	(0.54)	1.23	(0.81)	4.53
VGI	0.31	0.00	(0.17)	0.10	0.40	(0.34)	0.64	(0.63)	2.29
WMBLX	0.28	0.00	(0.12)	0.09	0.21	(0.34)	0.72	(0.44)	2.48
RBCGX	0.73	(0.04)	(0.03)	0.05	1.06	(0.73)	1.46	(1.69)	5.27
AABPX	0.34	0.00	(0.06)	0.09	0.35	(0.39)	0.89	(0.64)	3.03
VILLX	0.39	(0.09)	0.00	(0.04)	0.00	0.00	0.88	(0.64)	3.45
CEE	1.15	(0.10)	0.00	(0.11)	0.00	0.00	2.28	(2.20)	10.43

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