Pear Tree Correlations

USBOX Fund

USD 20.43 0.18 0.87%

The current 90-days correlation between Pear Tree Quality and Clearbridge Mid Cap is -0.02 (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

Very poor diversification

The correlation between Pear Tree Quality and DJI is 0.81 (i.e., Very poor 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 inflation.

Moving together with Pear Mutual Fund

0.83	GEORX	Pear Tree Essex	Pair Corr
0.98	USBNX	Pear Tree Polaris	Pair Corr
0.97	QBNAX	Pear Tree Polaris	Pair Corr
0.82	QUSOX	Pear Tree Polaris	Pair Corr
0.82	QUSIX	Pear Tree Polaris	Pair Corr
0.83	QUSRX	Pear Tree Polaris	Pair Corr
0.91	QFVIX	Pear Tree Polaris	Pair Corr
0.88	QFVOX	Pear Tree Polaris	Pair Corr
0.65	QFVRX	Pear Tree Polaris	Pair Corr
1.0	QGIAX	Pear Tree Quality	Pair Corr
0.8	QGIRX	Pear Tree Quality	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.67	VFIAX	Vanguard 500 Index	Pair Corr
0.7	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.67	VINIX	Vanguard Institutional	Pair Corr
0.68	VIIIX	Vanguard Institutional	Pair Corr
0.62	PDI	Pimco Dynamic Income	Pair Corr
0.76	FTPCX	First Trust Private	Pair Corr
0.85	FDTKX	Fidelity Freedom 2025	Pair Corr
0.9	CIVIX	Causeway International	Pair Corr
0.64	GABTX	Gamco Global Telecom	Pair Corr

Moving against Pear Mutual Fund

0.87	CESGX	Coho Relative Value	Pair Corr
0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.75	TCSUX	Cleartrack 2020 Class	Pair Corr
0.72	TCTGX	Transamerica Cleartrack	Pair Corr
0.72	TCTJX	Transamerica Cleartrack	Pair Corr
0.71	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	NOLCX	MYIMX	GSXIX	DIISX	WAMVX	GBFAX	ARDC	WMKGX	LBGIX
NOLCX		0.9	0.75	0.89	0.97	0.67	0.15	0.71	0.47	NOLCX
MYIMX	0.9		0.87	0.95	0.95	0.71	0.17	0.66	0.48	MYIMX
GSXIX	0.75	0.87		0.78	0.78	0.46	-0.04	0.7	0.55	GSXIX
DIISX	0.89	0.95	0.78		0.93	0.85	0.32	0.75	0.57	DIISX
WAMVX	0.97	0.95	0.78	0.93		0.74	0.22	0.7	0.52	WAMVX
GBFAX	0.67	0.71	0.46	0.85	0.74		0.57	0.65	0.59	GBFAX
ARDC	0.15	0.17	-0.04	0.32	0.22	0.57		0.24	0.28	ARDC
WMKGX	0.71	0.66	0.7	0.75	0.7	0.65	0.24		0.88	WMKGX
LBGIX	0.47	0.48	0.55	0.57	0.52	0.59	0.28	0.88		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	+ 0.97	NOLCX
DIISX	+ 0.95	MYIMX
WAMVX	+ 0.95	MYIMX
WAMVX	+ 0.93	DIISX
MYIMX	+ 0.9	NOLCX
DIISX	+ 0.89	NOLCX

High negative correlations

ARDC

- 0.04

GSXIX

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	0.66	0.13	0.14	0.20	0.60	(0.76)	1.11	(1.12)	11.40
MYIMX	0.67	0.11	0.14	0.17	0.54	(0.82)	1.70	(1.21)	3.86
GSXIX	0.86	0.00	0.00	0.03	0.98	(0.96)	1.56	(1.81)	4.58
DIISX	0.55	0.08	0.09	0.17	0.52	(0.64)	1.30	(1.22)	3.02
WAMVX	1.07	0.22	0.20	0.22	0.77	(1.58)	2.44	(1.93)	15.47
GBFAX	0.67	0.12	0.12	0.63	0.59	(0.80)	1.35	(1.34)	3.96
ARDC	0.36	0.02	(0.02)	0.14	0.40	(0.44)	0.90	(0.61)	3.12
WMKGX	0.58	(0.04)	(0.05)	(0.01)	0.87	(0.57)	1.14	(1.46)	3.72
LBGIX	0.80	(0.12)	0.00	(0.08)	0.00	0.00	1.51	(2.04)	3.95

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