Pear Tree Correlations

QUSRX Fund

USD 11.04 0.03 0.27%

The current 90-days correlation between Pear Tree Polaris and Pear Tree Polaris is 0.92 (i.e., Almost no 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

Modest diversification

The correlation between Pear Tree Polaris and DJI is 0.28 (i.e., Modest 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 metropolitan statistical area.

Moving together with Pear Mutual Fund

1.0	QUSOX	Pear Tree Polaris	Pair Corr
1.0	QUSIX	Pear Tree Polaris	Pair Corr
0.97	QFVIX	Pear Tree Polaris	Pair Corr
0.97	QFVOX	Pear Tree Polaris	Pair Corr
0.97	QFVRX	Pear Tree Polaris	Pair Corr
0.79	QISIX	Pear Tree Polaris	Pair Corr
0.79	QISRX	Pear Tree Polaris	Pair Corr
0.8	QISOX	Pear Tree Polaris	Pair Corr
0.85	DISVX	Dfa International Small	Pair Corr
0.88	DFVQX	Dfa International Vector	Pair Corr
0.79	FMNEX	Free Market International	Pair Corr
0.91	OANEX	Oakmark International	Pair Corr
0.91	OAZEX	Oakmark International	Pair Corr
0.91	OAKEX	Oakmark International	Pair Corr
0.91	OAYEX	Oakmark International	Pair Corr
0.65	NHS	Neuberger Berman High	Pair Corr

Moving against Pear Mutual Fund

0.57	USBNX	Pear Tree Polaris	Pair Corr
0.57	QBNAX	Pear Tree Polaris	Pair Corr
0.32	GEORX	Pear Tree Essex	Pair Corr
0.32	GEOSX	Essex Environmental	Pair Corr
0.31	EEOFX	Essex Environmental	Pair Corr
0.7	VTSMX	Vanguard Total Stock	Pair Corr
0.68	INDEX	Sp 500 Equal	Pair Corr
0.64	SMERX	Invesco Small Cap	Pair Corr
0.61	RYVYX	Nasdaq 100 2x	Pair Corr
0.74	LTFOX	Lord Abbett Affiliated	Pair Corr
0.73	RCILX	Alternative Credit Income	Pair Corr
0.7	RQECX	Resq Dynamic Allocation	Pair Corr
0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.69	FXAIX	Fidelity 500 Index	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	QFVOX	SFGIX	FMIJX	GLFOX
QFVOX		0.91	0.61	0.38	QFVOX
SFGIX	0.91		0.6	0.46	SFGIX
FMIJX	0.61	0.6		0.29	FMIJX
GLFOX	0.38	0.46	0.29		GLFOX
	QFVOX	SFGIX	FMIJX	GLFOX

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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
QFVOX	0.58	(0.13)	0.00	(0.24)	0.00	0.00	1.33	(1.48)	3.35
SFGIX	0.53	(0.09)	0.00	(0.13)	0.00	0.00	1.24	(1.21)	3.58
FMIJX	0.56	(0.07)	(0.16)	0.02	0.61	(0.65)	1.14	(0.99)	3.05
GLFOX	0.50	0.00	(0.14)	0.12	0.50	(0.56)	1.06	(0.91)	2.19

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