Pear Tree Correlations

Mutual Funds . USA . 
Fund . Pear Tree Quality
USBOX Fund  USD 23.99  0.15  0.62%   
The current 90-days correlation between Pear Tree Quality and Polen Growth Fund is 0.01 (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

Almost no diversification

The correlation between Pear Tree Quality and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Quality 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 Quality. 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 persons.

Moving together with Pear Mutual Fund

  0.96USBNX Pear Tree PolarisPairCorr
  0.96QBNAX Pear Tree PolarisPairCorr
  0.62QUSOX Pear Tree PolarisPairCorr
  0.96QUSIX Pear Tree PolarisPairCorr
  0.96QUSRX Pear Tree PolarisPairCorr
  0.65QFVIX Pear Tree PolarisPairCorr
  0.65QFVOX Pear Tree PolarisPairCorr
  0.95QFVRX Pear Tree PolarisPairCorr
  1.0QGIAX Pear Tree QualityPairCorr
  0.66QISIX Pear Tree PolarisPairCorr
  0.92QISRX Pear Tree PolarisPairCorr
  0.92QISOX Pear Tree PolarisPairCorr
  0.63VTSAX Vanguard Total StockPairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.64VTSMX Vanguard Total StockPairCorr
  0.64VITSX Vanguard Total StockPairCorr
  0.62VSMPX Vanguard Total StockPairCorr
  0.64VSTSX Vanguard Total StockPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr
  0.62VFFSX Vanguard 500 IndexPairCorr
  0.64VINIX Vanguard InstitutionalPairCorr
  0.64VIIIX Vanguard InstitutionalPairCorr
  0.76DPFFX Delaware DiversifiedPairCorr
  0.62FSDAX Defense And AerospacePairCorr
  0.73FRACX Touchstone FlexiblePairCorr
  0.65TEOOX Transamerica EmergingPairCorr
  0.66PGKCX Pgim Jennison TechnologyPairCorr
  0.86BTMSX Baird Short TermPairCorr
  0.94ERISX Parametric Intl EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
POLRX  0.79  0.21 (0.02) 9.60  0.73 
(0.85)
 2.22 
(1.26)
 5.20 
QFVOX  0.50  0.26  0.02 (5.79) 0.00 
(0.62)
 1.09 
(0.83)
 2.90 
QUSOX  0.44  0.27  0.08  43.77  0.00 
(0.61)
 1.22 
(0.65)
 2.85 
USBNX  0.98  0.01 (0.01) 0.24  0.97 
(1.15)
 2.49 
(1.74)
 10.74 
GEORX  0.91  0.37  0.15  7.10  0.47 
(1.17)
 2.62 
(1.25)
 5.65 
GEOSX  0.90  0.37  0.15  17.50  0.43 
(1.14)
 2.72 
(1.36)
 5.57 
USBOX  0.79  0.04  0.01  0.28  0.59 
(0.88)
 1.87 
(1.34)
 9.45 
QBNAX  0.98  0.01 (0.01) 0.25  0.96 
(1.15)
 2.48 
(1.72)
 10.67 
EEOFX  0.91  0.37  0.14  21.51  0.45 
(1.18)
 2.78 
(1.38)
 5.52 
QUSIX  0.57  0.40  0.35 (5.95) 0.00 
(0.80)
 1.89 
(0.73)
 4.75 

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