Pear Tree Correlations

QBNAX Fund

USD 34.18 0.13 0.38%

The current 90-days correlation between Pear Tree Polaris and Principal Lifetime Hybrid is 0.72 (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

Poor diversification

The correlation between Pear Tree Polaris and DJI is 0.63 (i.e., Poor 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 nation.

Moving together with Pear Mutual Fund

0.85	GEORX	Pear Tree Essex	Pair Corr
0.89	GEOSX	Essex Environmental	Pair Corr
0.89	USBOX	Pear Tree Quality	Pair Corr
1.0	USBNX	Pear Tree Polaris	Pair Corr
0.88	EEOFX	Essex Environmental	Pair Corr
0.88	QGIAX	Pear Tree Quality	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.98	DFSVX	Us Small Cap	Pair Corr
0.98	DFFVX	Us Targeted Value	Pair Corr
0.98	UBVCX	Undiscovered Managers	Pair Corr
0.98	UBVAX	Undiscovered Managers	Pair Corr
0.98	UBVSX	Undiscovered Managers	Pair Corr
0.93	AVFIX	American Beacon Small	Pair Corr
0.79	WRHIX	Ivy High Income	Pair Corr
0.79	WHIAX	Ivy High Income	Pair Corr
0.79	IHIFX	Ivy High Income	Pair Corr
0.8	IVHIX	Ivy High Income	Pair Corr

Moving against Pear Mutual Fund

0.55

DHEIX

Diamond Hill Short

Pair Corr

Related Correlations Analysis

	PLKTX	ELDFX	JDJRX	PRDAX	CDBCX	QDARX	LIGFX	FARIX
PLKTX		0.78	0.14	0.83	0.77	0.06	0.93	0.75	PLKTX
ELDFX	0.78		-0.35	0.6	0.77	-0.42	0.58	0.67	ELDFX
JDJRX	0.14	-0.35		-0.05	-0.08	0.87	0.35	-0.18	JDJRX
PRDAX	0.83	0.6	-0.05		0.69	0.03	0.82	0.86	PRDAX
CDBCX	0.77	0.77	-0.08	0.69		-0.04	0.77	0.69	CDBCX
QDARX	0.06	-0.42	0.87	0.03	-0.04		0.36	-0.19	QDARX
LIGFX	0.93	0.58	0.35	0.82	0.77	0.36		0.71	LIGFX
FARIX	0.75	0.67	-0.18	0.86	0.69	-0.19	0.71		FARIX
	PLKTX	ELDFX	JDJRX	PRDAX	CDBCX	QDARX	LIGFX	FARIX

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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

LIGFX	+ 0.93	PLKTX
QDARX	+ 0.87	JDJRX
FARIX	+ 0.86	PRDAX
PRDAX	+ 0.83	PLKTX
LIGFX	+ 0.82	PRDAX
ELDFX	+ 0.78	PLKTX

High negative correlations

QDARX	- 0.42	ELDFX
JDJRX	- 0.35	ELDFX
FARIX	- 0.19	QDARX
FARIX	- 0.18	JDJRX
CDBCX	- 0.08	JDJRX
PRDAX	- 0.05	JDJRX

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
PLKTX	0.53	0.01	0.01	0.01	0.85	(0.48)	1.06	(1.34)	3.50
ELDFX	0.42	(0.02)	0.00	(0.05)	0.00	0.00	0.68	(0.59)	5.08
JDJRX	0.36	0.06	0.17	1.41	0.24	(0.46)	0.88	(0.64)	2.40
PRDAX	0.40	(0.02)	0.00	(0.06)	0.00	0.00	0.87	(0.77)	2.74
CDBCX	0.24	0.02	0.07	0.26	0.20	(0.31)	0.66	(0.44)	1.55
QDARX	0.08	0.02	0.18	(18.13)	0.00	(0.13)	0.25	(0.16)	0.49
LIGFX	0.28	0.02	0.06	0.08	0.36	(0.29)	0.55	(0.43)	1.91
FARIX	0.31	(0.02)	0.00	(0.33)	0.00	0.00	0.54	(0.62)	1.81

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