Pear Tree Correlations

GEORX Fund

USD 5.86 0.09 1.51%

The current 90-days correlation between Pear Tree Essex and Invesco Vertible Securities is 0.78 (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

Very weak diversification

The correlation between Pear Tree Essex and DJI is 0.52 (i.e., Very weak 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

0.91	GEOSX	Essex Environmental	Pair Corr
0.86	USBNX	Pear Tree Polaris	Pair Corr
0.86	QBNAX	Pear Tree Polaris	Pair Corr
1.0	EEOFX	Essex Environmental	Pair Corr
0.87	FSWFX	American Funds Smallcap	Pair Corr
0.87	FSFWX	American Funds Smallcap	Pair Corr
0.88	SCWCX	American Fds Smallcap	Pair Corr
0.88	SCWFX	Smallcap World	Pair Corr
0.88	SMCWX	Smallcap World	Pair Corr
0.88	CSPFX	Smallcap World	Pair Corr
0.88	CSPAX	Smallcap World	Pair Corr
0.88	CSPEX	Smallcap World	Pair Corr
0.88	RSLCX	Smallcap World	Pair Corr
0.87	RLLGX	Smallcap World	Pair Corr

Moving against Pear Mutual Fund

0.52	QISIX	Pear Tree Polaris	Pair Corr
0.52	QISRX	Pear Tree Polaris	Pair Corr
0.51	QISOX	Pear Tree Polaris	Pair Corr
0.49	QUSOX	Pear Tree Polaris	Pair Corr
0.49	QUSIX	Pear Tree Polaris	Pair Corr
0.49	QUSRX	Pear Tree Polaris	Pair Corr
0.49	QFVIX	Pear Tree Polaris	Pair Corr
0.49	QFVRX	Pear Tree Polaris	Pair Corr
0.48	QFVOX	Pear Tree Polaris	Pair Corr
0.67	WACSX	Western Asset E	Pair Corr
0.54	AIDYX	Diversified Municipal	Pair Corr
0.49	PFN	Pimco Income Strategy	Pair Corr
0.47	VGPMX	Vanguard Global Capital	Pair Corr
0.45	MEMGX	Mfs Emerging Markets	Pair Corr
0.38	PCF	Putnam High Income	Pair Corr

Related Correlations Analysis

	CNSDX	WESRX	SBFMX	MCFCX	LCFYX	PCNTX	VAADX
CNSDX		0.96	0.8	0.85	0.91	0.94	0.94	CNSDX
WESRX	0.96		0.71	0.85	0.95	0.89	0.89	WESRX
SBFMX	0.8	0.71		0.8	0.68	0.87	0.87	SBFMX
MCFCX	0.85	0.85	0.8		0.83	0.85	0.85	MCFCX
LCFYX	0.91	0.95	0.68	0.83		0.85	0.85	LCFYX
PCNTX	0.94	0.89	0.87	0.85	0.85		1.0	PCNTX
VAADX	0.94	0.89	0.87	0.85	0.85	1.0		VAADX
	CNSDX	WESRX	SBFMX	MCFCX	LCFYX	PCNTX	VAADX

Click cells to compare fundamentals

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CNSDX	0.58	(0.05)	(0.18)	1.11	(1.43)	2.83
WESRX	0.65	(0.03)	(0.13)	1.36	(1.48)	3.47
SBFMX	0.36	(0.07)	1.00	0.64	(0.75)	1.87
MCFCX	0.29	(0.05)	(0.33)	0.48	(0.62)	2.14
LCFYX	0.65	(0.01)	(0.10)	1.12	(1.42)	3.20
PCNTX	0.64	(0.10)	1.49	1.07	(1.68)	3.46
VAADX	0.66	(0.10)	1.97	1.13	(1.60)	3.27

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