Pear Tree Correlations

USBNX Fund

USD 30.46 0.07 0.23%

The current 90-days correlation between Pear Tree Polaris and Pear Tree Quality is 0.64 (i.e., Poor 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

Very poor diversification

The correlation between Pear Tree Polaris and DJI is 0.88 (i.e., Very poor 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 World Market Map 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 board of governors.

Moving together with Pear Mutual Fund

0.77	GEORX	Pear Tree Essex	Pair Corr
0.77	GEOSX	Essex Environmental	Pair Corr
0.64	USBOX	Pear Tree Quality	Pair Corr
1.0	QBNAX	Pear Tree Polaris	Pair Corr
0.77	EEOFX	Essex Environmental	Pair Corr
0.65	QGIAX	Pear Tree Quality	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.99	AVFIX	American Beacon Small	Pair Corr
0.89	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	KSCYX	Kinetics Small Cap	Pair Corr
0.88	KNPCX	Kinetics Paradigm	Pair Corr
0.88	WWNPX	Kinetics Paradigm	Pair Corr
0.88	KINAX	Kinetics Internet	Pair Corr
0.88	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.88	KINCX	Kinetics Internet	Pair Corr
0.92	ILESX	Fisher Investments	Pair Corr
0.77	CFCRX	Columbia Flexible Capital	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Pear Mutual Fund

0.64	QUSOX	Pear Tree Polaris	Pair Corr
0.64	QUSIX	Pear Tree Polaris	Pair Corr
0.64	QUSRX	Pear Tree Polaris	Pair Corr
0.52	QFVIX	Pear Tree Polaris	Pair Corr
0.52	QFVOX	Pear Tree Polaris	Pair Corr
0.52	QFVRX	Pear Tree Polaris	Pair Corr
0.44	QISOX	Pear Tree Polaris	Pair Corr
0.43	QISIX	Pear Tree Polaris	Pair Corr
0.43	QISRX	Pear Tree Polaris	Pair Corr

Related Correlations Analysis

	USBOX	QFFOX	QFVOX	QUSOX	QBNAX
USBOX		0.15	0.08	-0.1	0.64	USBOX
QFFOX	0.15		-0.7	-0.74	0.58	QFFOX
QFVOX	0.08	-0.7		0.97	-0.53	QFVOX
QUSOX	-0.1	-0.74	0.97		-0.64	QUSOX
QBNAX	0.64	0.58	-0.53	-0.64		QBNAX
	USBOX	QFFOX	QFVOX	QUSOX	QBNAX

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

QUSOX	+ 0.97	QFVOX
QBNAX	+ 0.64	USBOX
QBNAX	+ 0.58	QFFOX
QFFOX	+ 0.15	USBOX
QFVOX	+ 0.08	USBOX

High negative correlations

QUSOX	- 0.74	QFFOX
QFVOX	- 0.7	QFFOX
QBNAX	- 0.64	QUSOX
QBNAX	- 0.53	QFVOX
QUSOX	- 0.1	USBOX

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
USBOX	0.54	(0.06)	(0.12)	0.03	0.75	(0.51)	1.13	(1.42)	3.38
QFFOX	0.57	0.03	(0.13)	5.16	0.59	(0.68)	1.32	(1.30)	3.83
QFVOX	0.59	(0.15)	0.00	(0.34)	0.00	0.00	1.31	(1.48)	3.35
QUSOX	0.58	(0.19)	0.00	(0.63)	0.00	0.00	1.23	(1.37)	3.88
QBNAX	0.87	(0.05)	0.00	0.08	0.80	(1.05)	1.90	(1.39)	7.60

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