Pear Tree Correlations

QUSIX Fund

USD 16.02 0.10 0.62%

The current 90-days correlation between Pear Tree Polaris and Pear Tree Polaris is 1.0 (i.e., No risk reduction). 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 0.33 (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

1.0	QUSOX	Pear Tree Polaris	Pair Corr
1.0	QUSRX	Pear Tree Polaris	Pair Corr
0.97	QFVIX	Pear Tree Polaris	Pair Corr
0.97	QFVOX	Pear Tree Polaris	Pair Corr
0.94	QISIX	Pear Tree Polaris	Pair Corr
0.96	DISVX	Dfa International Small	Pair Corr
0.95	DFVQX	Dfa International Vector	Pair Corr
0.96	FMNEX	Free Market International	Pair Corr
0.96	OANEX	Oakmark International	Pair Corr
0.93	KGGIX	Kopernik Global All	Pair Corr
0.93	KGGAX	Kopernik Global All	Pair Corr
0.96	OAZEX	Oakmark International	Pair Corr
0.96	OAYEX	Oakmark International	Pair Corr
0.96	OAKEX	Oakmark International	Pair Corr
0.82	GAAKX	Gmo Alternative Allo	Pair Corr
0.82	GAAGX	Gmo Alternative Allo	Pair Corr
0.87	GPBFX	Gmo E Plus	Pair Corr
0.77	WARCX	Wells Fargo Advantage	Pair Corr
0.83	SGDLX	Sprott Gold Equity	Pair Corr
0.63	EBSIX	Campbell Systematic Macro	Pair Corr
0.87	SAEMX	Sa Emerging Markets	Pair Corr
0.79	GIOIX	Guggenheim Macro Opp	Pair Corr
0.72	DLDFX	Destinations Low Duration	Pair Corr
0.9	ARBOX	Absolute Convertible	Pair Corr
0.84	HRBDX	Harbor Bond Fund	Pair Corr
0.95	BISMX	Brandes International	Pair Corr
0.79	DBIWX	Dws Global Macro	Pair Corr
0.8	USGDX	Morgan Stanley Government	Pair Corr
0.84	UTF	Cohen And Steers	Pair Corr

Moving against Pear Mutual Fund

0.86	PQTAX	Pimco Trends Managed	Pair Corr
0.78	GPMFX	Guidepath Managed Futures	Pair Corr
0.52	GEORX	Pear Tree Essex	Pair Corr
0.86	PQTNX	Pimco Trends Managed	Pair Corr
0.86	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	QUSOX	QFVIX	APDKX	RNWIX	JOHIX
QUSOX		0.97	0.92	0.0	0.63	QUSOX
QFVIX	0.97		0.97	0.0	0.71	QFVIX
APDKX	0.92	0.97		0.0	0.76	APDKX
RNWIX	0.0	0.0	0.0		0.0	RNWIX
JOHIX	0.63	0.71	0.76	0.0		JOHIX
	QUSOX	QFVIX	APDKX	RNWIX	JOHIX

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

QFVIX	+ 0.97	QUSOX
APDKX	+ 0.97	QFVIX
APDKX	+ 0.92	QUSOX
JOHIX	+ 0.76	APDKX
JOHIX	+ 0.71	QFVIX
JOHIX	+ 0.63	QUSOX

High negative correlations

JOHIX	- 0.0	RNWIX
RNWIX	- 0.0	APDKX
RNWIX	- 0.0	QFVIX
RNWIX	- 0.0	QUSOX

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
QUSOX	0.70	0.09	0.17	0.21	0.71	(0.78)	1.57	(1.28)	4.22
QFVIX	0.63	0.09	0.15	0.19	0.82	(0.58)	1.37	(1.25)	3.49
APDKX	0.52	0.08	0.18	0.12	0.59	(0.52)	1.21	(0.93)	3.29
RNWIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JOHIX	0.90	0.08	0.07	0.05	1.42	(0.82)	2.35	(2.04)	7.35

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