Pear Tree Correlations

USBNX Fund

USD 30.80 0.40 1.32%

The current 90-days correlation between Pear Tree Polaris and Pear Tree Essex is 0.67 (i.e., Poor 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

Significant diversification

The correlation between Pear Tree Polaris and DJI is 0.09 (i.e., Significant 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 board of governors.

Moving together with Pear Mutual Fund

0.77	GEORX	Pear Tree Essex	Pair Corr
0.77	GEOSX	Essex Environmental	Pair Corr
1.0	QBNAX	Pear Tree Polaris	Pair Corr
0.77	EEOFX	Essex Environmental	Pair Corr
0.65	QGIAX	Pear Tree Quality	Pair Corr
0.91	VSIIX	Vanguard Small Cap	Pair Corr
0.91	VISVX	Vanguard Small Cap	Pair Corr
0.9	DFSVX	Us Small Cap	Pair Corr
0.91	DFFVX	Us Targeted Value	Pair Corr
0.88	UBVCX	Undiscovered Managers	Pair Corr
0.68	UBVAX	Undiscovered Managers	Pair Corr
0.88	UBVSX	Undiscovered Managers	Pair Corr
0.91	AVFIX	American Beacon Small	Pair Corr
0.81	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.81	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.73	TMSSX	T Rowe Price	Pair Corr
0.87	LACFX	Lord Abbett Vertible	Pair Corr

Moving against Pear Mutual Fund

0.57	QUSOX	Pear Tree Polaris	Pair Corr
0.57	QUSIX	Pear Tree Polaris	Pair Corr
0.57	QUSRX	Pear Tree Polaris	Pair Corr
0.51	QFVOX	Pear Tree Polaris	Pair Corr
0.46	QFVRX	Pear Tree Polaris	Pair Corr
0.45	QFVIX	Pear Tree Polaris	Pair Corr
0.35	QISOX	Pear Tree Polaris	Pair Corr
0.34	QISIX	Pear Tree Polaris	Pair Corr
0.34	QISRX	Pear Tree Polaris	Pair Corr
0.57	BTMPX	Ishares Msci Eafe	Pair Corr
0.57	MDIIX	Blackrock Intern Index	Pair Corr
0.56	BTMKX	Blackrock International	Pair Corr

Related Correlations Analysis

	GEORX	GEOSX	USBOX	QUSOX	QFVIX	QFVOX	QFVRX	QISIX
GEORX		1.0	0.76	-0.32	-0.12	-0.19	-0.14	0.16	GEORX
GEOSX	1.0		0.76	-0.32	-0.12	-0.2	-0.14	0.16	GEOSX
USBOX	0.76	0.76		-0.05	0.15	0.18	0.12	0.29	USBOX
QUSOX	-0.32	-0.32	-0.05		0.79	0.93	0.97	0.79	QUSOX
QFVIX	-0.12	-0.12	0.15	0.79		0.86	0.84	0.78	QFVIX
QFVOX	-0.19	-0.2	0.18	0.93	0.86		0.95	0.8	QFVOX
QFVRX	-0.14	-0.14	0.12	0.97	0.84	0.95		0.87	QFVRX
QISIX	0.16	0.16	0.29	0.79	0.78	0.8	0.87		QISIX
	GEORX	GEOSX	USBOX	QUSOX	QFVIX	QFVOX	QFVRX	QISIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
QFVRX	+ 0.97	QUSOX
QFVRX	+ 0.95	QFVOX
QFVOX	+ 0.93	QUSOX
QISIX	+ 0.87	QFVRX
QFVOX	+ 0.86	QFVIX

High negative correlations

QUSOX	- 0.32	GEOSX
QUSOX	- 0.32	GEORX
QFVOX	- 0.2	GEOSX
QFVOX	- 0.19	GEORX
QFVRX	- 0.14	GEOSX
QFVRX	- 0.14	GEORX

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	0.06	(0.02)	0.45	1.15	(1.07)	2.01	(1.66)	5.88
GEOSX	0.96	0.07	(0.02)	0.47	1.14	(1.03)	1.91	(1.75)	5.89
USBOX	0.55	(0.06)	(0.11)	0.04	0.77	(0.52)	1.13	(1.42)	3.38
QUSOX	0.57	(0.13)	0.00	7.03	0.00	0.00	1.28	(1.37)	3.88
QFVIX	0.59	(0.14)	0.00	(0.31)	0.00	0.00	1.36	(1.49)	3.35
QFVOX	0.57	(0.13)	0.00	(0.28)	0.00	0.00	1.31	(1.48)	3.35
QFVRX	0.58	(0.09)	0.00	(1.78)	0.00	0.00	1.36	(1.45)	3.37
QISIX	0.46	(0.07)	0.00	13.99	0.00	0.00	1.27	(0.98)	3.33

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC