Pear Tree Correlations

USBOX Fund

USD 20.23 0.14 0.70%

The current 90-days correlation between Pear Tree Quality and Northern Large Cap is -0.01 (i.e., Good 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 Quality and DJI is 0.03 (i.e., Significant 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 metropolitan statistical area.

Moving together with Pear Mutual Fund

0.97	USBNX	Pear Tree Polaris	Pair Corr
0.95	QBNAX	Pear Tree Polaris	Pair Corr
0.68	QUSOX	Pear Tree Polaris	Pair Corr
0.63	QUSIX	Pear Tree Polaris	Pair Corr
0.71	QUSRX	Pear Tree Polaris	Pair Corr
0.88	QFVIX	Pear Tree Polaris	Pair Corr
0.76	QFVOX	Pear Tree Polaris	Pair Corr
0.65	QFVRX	Pear Tree Polaris	Pair Corr
1.0	QGIAX	Pear Tree Quality	Pair Corr
0.77	SMPSX	Semiconductor Ultrasector	Pair Corr
0.65	RSNRX	Victory Global Natural	Pair Corr
0.68	RSNYX	Victory Global Natural	Pair Corr
0.68	RGNCX	Victory Global Natural	Pair Corr
0.78	APHMX	Artisan Mid Cap	Pair Corr
0.86	TRSCX	Tiaa Cref Social	Pair Corr
0.61	RMLCX	Moderate Strategy	Pair Corr
0.84	GCIIX	Goldman Sachs Intern	Pair Corr

Related Correlations Analysis

	NOLCX	MYIMX	GSXIX	DIISX	WAMVX	GBFAX	ARDC	WMKGX	LBGIX
NOLCX		0.82	0.63	0.6	0.95	0.4	-0.07	0.64	-0.11	NOLCX
MYIMX	0.82		0.85	0.72	0.86	0.19	-0.27	0.54	-0.02	MYIMX
GSXIX	0.63	0.85		0.78	0.66	0.15	-0.3	0.64	0.17	GSXIX
DIISX	0.6	0.72	0.78		0.63	0.38	-0.03	0.71	0.24	DIISX
WAMVX	0.95	0.86	0.66	0.63		0.33	-0.23	0.56	0.09	WAMVX
GBFAX	0.4	0.19	0.15	0.38	0.33		0.37	0.78	0.35	GBFAX
ARDC	-0.07	-0.27	-0.3	-0.03	-0.23	0.37		0.23	-0.17	ARDC
WMKGX	0.64	0.54	0.64	0.71	0.56	0.78	0.23		0.29	WMKGX
LBGIX	-0.11	-0.02	0.17	0.24	0.09	0.35	-0.17	0.29		LBGIX
	NOLCX	MYIMX	GSXIX	DIISX	WAMVX	GBFAX	ARDC	WMKGX	LBGIX

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

WAMVX	+ 0.95	NOLCX
WAMVX	+ 0.86	MYIMX
GSXIX	+ 0.85	MYIMX
MYIMX	+ 0.82	NOLCX
DIISX	+ 0.78	GSXIX
WMKGX	+ 0.78	GBFAX

High negative correlations

ARDC	- 0.3	GSXIX
ARDC	- 0.27	MYIMX
ARDC	- 0.23	WAMVX
LBGIX	- 0.17	ARDC
LBGIX	- 0.11	NOLCX
ARDC	- 0.07	NOLCX

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
NOLCX	0.73	0.13	0.13	0.19	0.67	(0.85)	1.57	(1.12)	10.00
MYIMX	0.70	0.03	0.03	0.09	0.79	(0.77)	1.70	(1.37)	3.50
GSXIX	0.89	(0.05)	(0.04)	0.01	1.15	(0.89)	1.53	(1.84)	4.58
DIISX	0.63	(0.07)	0.00	(0.04)	0.00	0.00	1.17	(1.35)	5.70
WAMVX	1.13	0.13	0.12	0.16	0.95	(1.73)	1.72	(1.96)	14.63
GBFAX	0.73	0.01	0.00	0.07	0.88	(0.85)	1.65	(1.34)	4.86
ARDC	0.41	(0.03)	0.00	(0.04)	0.00	0.00	0.90	(0.81)	3.17
WMKGX	0.70	(0.03)	(0.02)	0.03	0.97	(0.71)	1.24	(1.46)	4.12
LBGIX	0.81	(0.13)	0.00	(0.06)	0.00	0.00	1.22	(1.83)	4.34

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