Pear Tree Correlations

GEORX Fund

USD 6.61 0.08 1.23%

The current 90-days correlation between Pear Tree Essex and Essex Environmental Opportunities 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

Poor diversification

The correlation between Pear Tree Essex and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pear Tree Essex and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Pear Tree Essex. 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

1.0	GEOSX	Essex Environmental	Pair Corr
0.87	USBOX	Pear Tree Quality	Pair Corr
0.77	USBNX	Pear Tree Polaris	Pair Corr
0.77	QBNAX	Pear Tree Polaris	Pair Corr
1.0	EEOFX	Essex Environmental	Pair Corr
0.88	QGIAX	Pear Tree Quality	Pair Corr
0.87	PAMCX	T Rowe Price	Pair Corr
0.87	RRMGX	T Rowe Price	Pair Corr
0.87	TRQZX	T Rowe Price	Pair Corr
0.87	RPMGX	T Rowe Price	Pair Corr
0.77	PRJIX	T Rowe Price	Pair Corr
0.77	PRNHX	T Rowe Price	Pair Corr
0.77	TRUZX	T Rowe Price	Pair Corr
0.82	PCBIX	Midcap Fund Institutional	Pair Corr
0.82	PEMGX	Midcap Fund Class	Pair Corr
0.82	PMBCX	Midcap Fund Class	Pair Corr
0.68	PDI	Pimco Dynamic Income	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr
0.93	RFNFX	American Funds Funda	Pair Corr
0.74	AVEMX	Ave Maria Value Steady Growth	Pair Corr
0.76	NMT	Nuveen Massachusetts	Pair Corr
0.78	FSSNX	Fidelity Small Cap	Pair Corr
0.69	RA	Brookfield Real Assets	Pair Corr
0.82	GMDFX	Gmo Emerging Country	Pair Corr

Moving against Pear Mutual Fund

0.32	QUSOX	Pear Tree Polaris	Pair Corr
0.32	QUSIX	Pear Tree Polaris	Pair Corr
0.32	QUSRX	Pear Tree Polaris	Pair Corr
0.74	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	GEORX	GEOSX	USBOX	USBNX	QBNAX	QUSOX	QUSIX	QUSRX	QFVIX
GEORX		1.0	0.87	0.77	0.77	-0.32	-0.32	-0.32	-0.14	GEORX
GEOSX	1.0		0.87	0.77	0.77	-0.32	-0.32	-0.32	-0.14	GEOSX
USBOX	0.87	0.87		0.64	0.64	-0.09	-0.08	-0.08	0.09	USBOX
USBNX	0.77	0.77	0.64		1.0	-0.57	-0.57	-0.57	-0.46	USBNX
QBNAX	0.77	0.77	0.64	1.0		-0.58	-0.57	-0.57	-0.47	QBNAX
QUSOX	-0.32	-0.32	-0.09	-0.57	-0.58		1.0	1.0	0.97	QUSOX
QUSIX	-0.32	-0.32	-0.08	-0.57	-0.57	1.0		1.0	0.97	QUSIX
QUSRX	-0.32	-0.32	-0.08	-0.57	-0.57	1.0	1.0		0.97	QUSRX
QFVIX	-0.14	-0.14	0.09	-0.46	-0.47	0.97	0.97	0.97		QFVIX
	GEORX	GEOSX	USBOX	USBNX	QBNAX	QUSOX	QUSIX	QUSRX	QFVIX

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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

GEOSX	+ 1.0	GEORX
QBNAX	+ 1.0	USBNX
QUSIX	+ 1.0	QUSOX
QUSRX	+ 1.0	QUSOX
QUSRX	+ 1.0	QUSIX
QFVIX	+ 0.97	QUSOX

High negative correlations

QUSOX	- 0.58	QBNAX
QUSRX	- 0.57	QBNAX
QUSIX	- 0.57	QBNAX
QUSRX	- 0.57	USBNX
QUSIX	- 0.57	USBNX
QUSOX	- 0.57	USBNX

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
GEORX	0.97	(0.04)	(0.03)	0.09	1.15	(1.07)	2.01	(1.66)	5.88
GEOSX	0.96	(0.04)	(0.03)	0.09	1.14	(1.03)	1.91	(1.75)	5.89
USBOX	0.54	(0.06)	(0.12)	0.03	0.75	(0.52)	1.13	(1.42)	3.38
USBNX	0.89	(0.03)	0.02	0.10	0.75	(1.09)	1.93	(1.35)	7.60
QBNAX	0.89	(0.03)	0.03	0.10	0.75	(1.09)	1.92	(1.39)	7.60
QUSOX	0.57	(0.16)	0.00	(0.46)	0.00	0.00	1.28	(1.37)	3.88
QUSIX	0.57	(0.16)	0.00	(0.46)	0.00	0.00	1.28	(1.37)	3.87
QUSRX	0.57	(0.16)	0.00	(0.46)	0.00	0.00	1.28	(1.42)	3.87
QFVIX	0.58	(0.13)	0.00	(0.24)	0.00	0.00	1.36	(1.49)	3.35

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