Pear Tree Correlations

QISOX Fund

USD 12.08 0.07 0.58%

The current 90-days correlation between Pear Tree Polaris and Pace High Yield is 0.2 (i.e., Modest 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 persons.

Moving together with Pear Mutual Fund

0.8	DFISX	International Small Pany	Pair Corr
0.92	VFSNX	Vanguard Ftse All	Pair Corr
0.83	GICIX	Goldman Sachs Intern	Pair Corr
0.97	GIRLX	Goldman Sachs Intern	Pair Corr
0.97	GICUX	Goldman Sachs Intern	Pair Corr
0.83	FISMX	Fidelity International	Pair Corr
0.83	GICCX	Goldman Sachs Intern	Pair Corr
0.83	GICAX	Goldman Sachs Intern	Pair Corr
0.95	MISAX	Victory Trivalent	Pair Corr
0.79	MCISX	Victory Trivalent	Pair Corr
0.83	VGTSX	Vanguard Total Inter	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.73	DBIWX	Dws Global Macro	Pair Corr
0.74	ABNOX	Ab Bond Inflation	Pair Corr
0.9	VICSX	Vanguard Intermediate-ter	Pair Corr
0.87	GIOIX	Guggenheim Macro Opp	Pair Corr
0.66	HTD	John Hancock Tax	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.79	VZ	Verizon Communications	Pair Corr
0.75	KO	Coca Cola	Pair Corr

Moving against Pear Mutual Fund

0.5	MRK	Merck Company	Pair Corr
0.47	CAT	Caterpillar	Pair Corr
0.47	AA	Alcoa Corp	Pair Corr
0.45	AXP	American Express	Pair Corr
0.45	MSFT	Microsoft	Pair Corr
0.36	DIS	Walt Disney	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.33	HD	Home Depot	Pair Corr

Related Correlations Analysis

	PHDTX	MWHYX	PGANX	MZHIX	SGYAX	OHSHX	GHVIX	NMHYX
PHDTX		0.96	0.94	0.97	0.94	0.95	0.98	0.96	PHDTX
MWHYX	0.96		0.94	0.96	0.96	0.92	0.96	0.94	MWHYX
PGANX	0.94	0.94		0.96	0.96	0.94	0.96	0.95	PGANX
MZHIX	0.97	0.96	0.96		0.97	0.98	0.99	0.99	MZHIX
SGYAX	0.94	0.96	0.96	0.97		0.96	0.95	0.96	SGYAX
OHSHX	0.95	0.92	0.94	0.98	0.96		0.97	0.99	OHSHX
GHVIX	0.98	0.96	0.96	0.99	0.95	0.97		0.99	GHVIX
NMHYX	0.96	0.94	0.95	0.99	0.96	0.99	0.99		NMHYX
	PHDTX	MWHYX	PGANX	MZHIX	SGYAX	OHSHX	GHVIX	NMHYX

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
PHDTX	0.12	0.00	0.27	(0.02)	0.13	(0.15)	0.22	(0.23)	0.79
MWHYX	0.12	0.00	0.40	(0.02)	0.08	(0.18)	0.43	(0.22)	0.76
PGANX	0.10	0.01	0.33	0.19	0.00	(0.18)	0.23	(0.23)	0.91
MZHIX	0.13	0.01	0.32	0.07	0.09	(0.17)	0.25	(0.25)	0.89
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57
OHSHX	0.13	0.01	0.26	0.03	0.13	(0.17)	0.23	(0.23)	1.02
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
NMHYX	0.12	0.01	0.32	0.05	0.09	(0.16)	0.24	(0.24)	0.95

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