Pear Tree Correlations

QFVRX Fund

USD 11.44 0.05 0.44%

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

Modest diversification

The correlation between Pear Tree Polaris and DJI is 0.26 (i.e., Modest 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 metropolitan statistical area.

Moving together with Pear Mutual Fund

0.76	DOXFX	Dodge Cox International	Pair Corr
0.76	OANIX	Oakmark International	Pair Corr
0.76	DODFX	Dodge International Stock	Pair Corr
0.76	OAKIX	Oakmark International	Pair Corr
0.76	OAYIX	Oakmark International	Pair Corr
0.76	OAZIX	Oakmark International	Pair Corr
0.75	FINVX	Fidelity Series Inte	Pair Corr
0.85	VTRIX	Vanguard International	Pair Corr
0.74	RRIGX	T Rowe Price	Pair Corr
0.65	NHS	Neuberger Berman High	Pair Corr
0.7	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.67	KO	Coca Cola	Pair Corr
0.74	VZ	Verizon Communications	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.64	MCD	McDonalds	Pair Corr

Moving against Pear Mutual Fund

0.47	AXP	American Express	Pair Corr
0.46	AA	Alcoa Corp	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.42	MSFT	Microsoft	Pair Corr
0.41	BAC	Bank of America	Pair Corr
0.4	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	DDCFX	DHGCX	RBCIX	PMIEX	TRWIX	PEIRX	AAEZX
DDCFX		0.86	0.89	0.5	0.92	0.51	0.88	DDCFX
DHGCX	0.86		0.72	0.56	0.75	0.57	0.86	DHGCX
RBCIX	0.89	0.72		0.55	0.96	0.56	0.79	RBCIX
PMIEX	0.5	0.56	0.55		0.53	1.0	0.46	PMIEX
TRWIX	0.92	0.75	0.96	0.53		0.54	0.9	TRWIX
PEIRX	0.51	0.57	0.56	1.0	0.54		0.47	PEIRX
AAEZX	0.88	0.86	0.79	0.46	0.9	0.47		AAEZX
	DDCFX	DHGCX	RBCIX	PMIEX	TRWIX	PEIRX	AAEZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DDCFX	0.21	0.02	0.34	0.62	0.11	(0.27)	0.54	(0.33)	1.22
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
RBCIX	1.30	0.24	0.17	0.64	1.31	(1.52)	2.72	(2.64)	7.76
PMIEX	0.82	(0.05)	0.00	(0.19)	0.00	0.00	1.56	(1.68)	9.24
TRWIX	0.73	0.17	0.16	0.19	0.96	(0.69)	1.99	(1.76)	5.45
PEIRX	0.82	(0.05)	0.00	(0.18)	0.00	0.00	1.57	(1.66)	9.14
AAEZX	0.24	0.02	0.20	0.04	0.28	(0.28)	0.59	(0.39)	1.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC