Pear Tree Correlations

QISIX Fund

USD 12.12 0.08 0.66%

The current 90-days correlation between Pear Tree Polaris and Franklin Mutual Global is 0.33 (i.e., Weak 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

Modest diversification

The correlation between Pear Tree Polaris and DJI is 0.28 (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 gross domestic product.

Moving together with Pear Mutual Fund

0.94	QUSOX	Pear Tree Polaris	Pair Corr
0.94	QUSIX	Pear Tree Polaris	Pair Corr
0.94	QUSRX	Pear Tree Polaris	Pair Corr
0.97	QFVIX	Pear Tree Polaris	Pair Corr
0.97	QFVOX	Pear Tree Polaris	Pair Corr
0.96	DFISX	International Small Pany	Pair Corr
0.72	VFSNX	Vanguard Ftse All	Pair Corr
0.97	GICIX	Goldman Sachs Intern	Pair Corr
0.78	GIRLX	Goldman Sachs Intern	Pair Corr
0.78	GICUX	Goldman Sachs Intern	Pair Corr
0.97	FISMX	Fidelity International	Pair Corr
0.97	GICCX	Goldman Sachs Intern	Pair Corr
0.97	GICAX	Goldman Sachs Intern	Pair Corr
0.76	MISAX	Victory Trivalent	Pair Corr
0.95	MCISX	Victory Trivalent	Pair Corr
0.84	PFN	Pimco Income Strategy	Pair Corr
0.75	XPPRX	Voya Prime Rate	Pair Corr
0.82	PCF	Putnam High Income	Pair Corr
0.64	HWACX	Hotchkis Wiley Value	Pair Corr
0.8	DLDFX	Destinations Low Duration	Pair Corr
0.87	DBIWX	Dws Global Macro	Pair Corr
0.88	HRBDX	Harbor Bond Fund	Pair Corr
0.91	SAEMX	Sa Emerging Markets	Pair Corr
0.84	USGDX	Morgan Stanley Government	Pair Corr
0.9	ABNOX	Ab Bond Inflation	Pair Corr
0.65	TIMUX	Transamerica Intermediate	Pair Corr
0.94	BISMX	Brandes International	Pair Corr
0.78	VICSX	Vanguard Intermediate-ter	Pair Corr
0.86	HTD	John Hancock Tax	Pair Corr
0.82	SGDLX	Sprott Gold Equity	Pair Corr

Moving against Pear Mutual Fund

0.55

GEORX

Pear Tree Essex

Pair Corr

Related Correlations Analysis

	TEDIX	QGMIX	MSTGX	DBIWX	WRLDX	MGKAX
TEDIX		0.67	0.81	0.79	0.79	0.62	TEDIX
QGMIX	0.67		0.88	0.72	0.65	0.32	QGMIX
MSTGX	0.81	0.88		0.95	0.91	0.63	MSTGX
DBIWX	0.79	0.72	0.95		0.94	0.74	DBIWX
WRLDX	0.79	0.65	0.91	0.94		0.81	WRLDX
MGKAX	0.62	0.32	0.63	0.74	0.81		MGKAX
	TEDIX	QGMIX	MSTGX	DBIWX	WRLDX	MGKAX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEDIX	0.66	0.01	0.00	(0.06)	0.00	0.00	1.01	(1.47)	7.35
QGMIX	0.37	0.10	0.39	(0.73)	0.17	(0.45)	0.83	(0.63)	2.42
MSTGX	0.31	0.07	0.23	0.14	0.34	(0.34)	0.74	(0.62)	1.58
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77
WRLDX	0.64	0.04	0.00	(0.01)	0.00	0.00	1.24	(1.68)	2.96
MGKAX	1.04	(0.14)	0.00	(0.24)	0.00	0.00	1.57	(2.37)	14.60

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