Pear Tree Correlations

QFVIX Fund

USD 24.21 0.11 0.45%

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

Weak diversification

The correlation between Pear Tree Polaris and DJI is 0.39 (i.e., Weak 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 gross domestic product.

Moving together with Pear Mutual Fund

0.97	QUSOX	Pear Tree Polaris	Pair Corr
0.97	QUSIX	Pear Tree Polaris	Pair Corr
0.97	QUSRX	Pear Tree Polaris	Pair Corr
1.0	QFVOX	Pear Tree Polaris	Pair Corr
0.97	QISIX	Pear Tree Polaris	Pair Corr
0.98	DOXFX	Dodge Cox International	Pair Corr
0.98	OANIX	Oakmark International	Pair Corr
0.98	DODFX	Dodge International Stock	Pair Corr
0.98	OAKIX	Oakmark International	Pair Corr
0.98	OAYIX	Oakmark International	Pair Corr
0.98	OAZIX	Oakmark International	Pair Corr
0.96	FINVX	Fidelity Series Inte	Pair Corr
0.92	VTRIX	Vanguard International	Pair Corr
0.96	RRIGX	T Rowe Price	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.74	RXRPX	American Funds Retirement	Pair Corr
0.96	BISMX	Brandes International	Pair Corr
0.89	VICSX	Vanguard Intermediate-ter	Pair Corr
0.88	UTF	Cohen And Steers	Pair Corr
0.84	SAEMX	Sa Emerging Markets	Pair Corr
0.89	GIOIX	Guggenheim Macro Opp	Pair Corr
0.92	ABNOX	Ab Bond Inflation	Pair Corr
0.82	DLDFX	Destinations Low Duration	Pair Corr
0.87	HTD	John Hancock Tax	Pair Corr
0.89	DBIWX	Dws Global Macro	Pair Corr
0.75	EBSIX	Campbell Systematic Macro	Pair Corr

Moving against Pear Mutual Fund

0.51	GEORX	Pear Tree Essex	Pair Corr
0.37	VTSMX	Vanguard Total Stock	Pair Corr
0.36	VTSAX	Vanguard Total Stock	Pair Corr
0.36	VSMPX	Vanguard Total Stock	Pair Corr
0.36	VSTSX	Vanguard Total Stock	Pair Corr
0.36	VITSX	Vanguard Total Stock	Pair Corr
0.33	VFIAX	Vanguard 500 Index	Pair Corr
0.33	VFINX	Vanguard 500 Index	Pair Corr
0.33	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	QEMAX	LSGRX	EGFIX	NMVLX	PFPMX
QEMAX		0.0	0.0	0.0	0.0	QEMAX
LSGRX	0.0		0.89	0.84	0.91	LSGRX
EGFIX	0.0	0.89		0.89	0.86	EGFIX
NMVLX	0.0	0.84	0.89		0.85	NMVLX
PFPMX	0.0	0.91	0.86	0.85		PFPMX
	QEMAX	LSGRX	EGFIX	NMVLX	PFPMX

Click cells to compare fundamentals

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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

PFPMX	+ 0.91	LSGRX
EGFIX	+ 0.89	LSGRX
NMVLX	+ 0.89	EGFIX
PFPMX	+ 0.86	EGFIX
PFPMX	+ 0.85	NMVLX
NMVLX	+ 0.84	LSGRX

High negative correlations

PFPMX	- 0.0	QEMAX
NMVLX	- 0.0	QEMAX
EGFIX	- 0.0	QEMAX
LSGRX	- 0.0	QEMAX

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
QEMAX	0.00	0.00	0.00	0.00	0.00	0.00
LSGRX	1.22	(0.17)	(0.23)	1.79	(2.36)	9.84
EGFIX	1.18	(0.30)	(0.41)	1.52	(2.71)	17.67
NMVLX	0.78	(0.16)	(0.35)	1.34	(1.76)	7.92
PFPMX	0.78	(0.13)	(0.23)	1.38	(2.06)	3.90

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