Pear Tree Correlations

QGIAX Fund

USD 25.88 0.02 0.08%

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 Quality and DJI is 0.78 (i.e., 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 Your Equity Center 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 nation.

Moving together with Pear Mutual Fund

1.0	USBOX	Pear Tree Quality	Pair Corr
0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.74	VINIX	Vanguard Institutional	Pair Corr
0.74	VIIIX	Vanguard Institutional	Pair Corr
0.7	HWACX	Hotchkis Wiley Value	Pair Corr
0.68	RXRPX	American Funds Retirement	Pair Corr
0.67	PGLSX	Global Multi Strategy	Pair Corr

Related Correlations Analysis

	QEMAX	USBOX	QFFOX	WARDX	QKBGX
QEMAX		0.0	0.0	0.0	0.0	QEMAX
USBOX	0.0		0.0	0.42	0.63	USBOX
QFFOX	0.0	0.0		0.0	0.0	QFFOX
WARDX	0.0	0.42	0.0		0.32	WARDX
QKBGX	0.0	0.63	0.0	0.32		QKBGX
	QEMAX	USBOX	QFFOX	WARDX	QKBGX

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

QKBGX	+ 0.63	USBOX
WARDX	+ 0.42	USBOX
QKBGX	+ 0.32	WARDX
USBOX	+ 0.0	QEMAX
QFFOX	+ 0.0	QEMAX
WARDX	+ 0.0	QEMAX

High negative correlations

QKBGX	- 0.0	QFFOX
WARDX	- 0.0	QFFOX
QFFOX	- 0.0	USBOX
QKBGX	- 0.0	QEMAX
WARDX	- 0.0	QEMAX
QFFOX	- 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QEMAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USBOX	0.75	(0.09)	0.00	(0.15)	0.00	0.00	1.17	(1.66)	7.85
QFFOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WARDX	0.35	0.02	0.11	0.01	0.54	(0.36)	0.67	(0.73)	2.17
QKBGX	0.50	0.00	0.00	0.00	0.00	0.00	0.88	(1.13)	3.00

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